01/10/2022 - S & T

KEY POINTS

·        Artificial Intelligence-driven disruptions are increasingly becoming pervasive and are expected to change every industry.

·        AI is becoming better and more affordable: Per the 2022 AI-Index-Report by Stanford, since 2018, the cost and the time to train ML (machine learning) tasks have improved, encouraging widespread commercial adoption of AI.

·        Robotic arms are becoming cheaper: An AI Index survey shows the median price of robotic arms has decreased by 46.2 per cent in the past five years, making them more affordable.

·        Successful entrepreneurs in the hi-tech industry can seize the moment created by these trends. Some market leaders are efficiently addressing these challenges with the effective adoption of AI at scale.

·        These market conditions are encouraging high-tech industry leaders to leverage AI to enable business model innovation.

·        Automation in chip design and verification can reduce production costs and deliver operational efficiency by predicting failures in integrated circuit designs and proposing optimal layouts.

·        With the advancement in AI and immersive-reality technologies, product design can be reimagined in high-tech manufacturing.

·        AI has the power to completely transform the high-tech industry that faces a range of challenges and opportunities. At the same time, one needs to acknowledge that AI is young and there is room for improvement.

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