Good Stuff from Sanjay v2.0

Good Stuff from Sanjay v2.0 — I’m Sanjay Chopra, Co-Founder and CEO of Cognistx. Welcome to Cognistx’s second installment of Good Stuff from Sanjay, series, where we dive into a topic each month that’s top-of-mind for me (and our company). Hopefully, this will become a resource for you as well, as you look to AI (with Cognistx as your go-to AI partner) to solve for your company’s specific business problems.

For this month’s Good Stuff series, I wanted to discuss some thoughts on how AI can be a great solution for businesses within the manufacturing industry, as well as share a few updates regarding a project we’re working on with PPG:

First up, a few ways AI can use data to help solve for common hurdles within manufacturing:

Knowledge Retention: Employees with decades of valuable experience are retiring from the workforce, and their critical knowledge has not been saved or codified. AI tools can be used to codify that expert knowledge and distribute it across sites so it can be leveraged company-wide.

  • Simulations: capture expertise and use it to train new skills
  • Testing: virtually test workers in safe environments and with less time and offer remote training

Production Decision Making: Manufactured items are more complex than ever, and they require hundreds of people, dozens of supplies, thousands of pieces, and countless decisions. Consumer demand and competition means just-in-time manufacturing, faster design improvements, and global sourcing. That’s where AI can swoop in to save the day, offering:

  • Intelligent Information Retrieval: reduce information overload by finding relevant information addressing the current need of the individual
  • Automated Data Collection: diminish the effort in collecting information such as pricing, availability, standards, and timing, so decision-making can happen quickly and with confidence
  • Scheduling and Coordination: coordinate multiple suppliers to reduce delays, inventory, reduce costs
  • Automated, Real-time Projections: make manufacturing and logistics more efficient than ever by allowing proactive risk management

Design Research: Creating new products is an expensive process, and one that often results in them falling flat. With thousands of specifications, regulations, and customer insights to navigate, information can be hard to quantify and share company-wide. Let AI help with this tricky process by introducing:

  • Customer Insight: mine product tests and specifications to provide insight from previous design research
  • Regulation Changes: traverse regulations and identify areas that need to be edited to address updates
  • Simulations/Prototyping: simulate scenarios and use cases to gather feedback efficiently

Product Support: Manufacturing and just-in-time delivery means people can customize their products, which is great for the end user but often causes headaches on the manufacturing side. Bring AI into the mix to provide:

  • Configuration Support: identify how a product would need to be altered to meet the customer’s order, knowing that computers will achieve this more efficiently than humans
  • Efficient Warehousing: use vision and indoor positions to aid robots in warehouses

We’ve loved getting to partner with PPG to optimize a portion of their manufacturing process as they work to save money and time in their paint production. For them, any marginal improvement in the paint formulation or adjustments process means thousands of dollars in savings.

Interested in learning more about how we can help you meet your manufacturing business goals? Get in touch with us today by contacting Jill Zoria, our SVP of Enterprise Development. Or request a consultation and one of our team members will reach out to you.

– Sanjay

Good Stuff from Sanjay

Good Stuff from Sanjay v1.0 — I’m Sanjay Chopra, Co-Founder and CEO of Cognistx. Welcome to Cognistx’s Good Stuff from Sanjay* series, where we dive into a topic each month that’s top-of-mind for me (and our company). Hopefully, this will become a resource for you as well, as you look to AI (with Cognistx as your go-to AI partner) to solve for your company’s specific business problems.

For this month’s Good Stuff series, I’d like to touch on what our focus is here at Cognistx and what makes us different. We’re proud of the way we’ve intentionally set up our business to make us unique within the AI space.

*The name for this monthly series — Good Stuff from Sanjay — was born when I was brainstorming potential options with some colleagues. They pointed out that I have a catchphrase that I use pretty frequently. That phrase? You guessed it. “Good stuff!” (Nothing like having a team that knows you better than you know yourself!)

More specifically:

Our focus at Cognistx continues to be taking our clients’ apps and systems and making them even smarter and more efficient.

  • #SmartDataIngestion: We make those apps and systems smarter by deeply immersing ourselves in and learning to truly understand our clients’ data.
  • #SmartDataFit and #DeepQA: We then apply the right AI models based on the data and the QA (Question Answer) needs we learn from our clients.
  • #SmartCogs: Once we have the models trained, we’re ready to apply them, starting to get to the heart of answering our clients’ questions and business needs/goals.

Our models — which are self-learning and get smarter the longer they’re in place — use clients’ data as a foundation, and are able to answer countless questions for our clients, such as:

  • “Which customers are likely to defect?”
  • “Is this customer loyal?”
  • “When and what offer to present to a customer to keep them engaged?”
  • “Will this manufacturing job run result in the desired output?”
  • “How likely is this customer to try our new offering?”
  • “Will this new product be a big hit in the market?”
  • “What are the optimal promotions to keep our customers engaged?”
  • “Where does this new file fit into our big data cluster?”
  • “What is the biggest risk for this patient as he/she is discharged?”
  • “Is this transaction fraudulent?”
  • “What is the risk associated with underwriting this insurance?”

We have other areas of expertise that help keep us ahead within the cognitive computing space:

  • Our speech interfaces make it easy for customers to interact with clients’ apps and our tech knowledge.
  • We hold strong expertise in DeepQA, Speech, Videos, and Really Big Data Analysis, making for even more user-friendly and customizable AI solutions.
  • Cognistx’s strong partnership with Carnegie Mellon University — a leader in the AI space since the field was invented in the 1950s — keeps us ahead of the curve when it comes to trends and know-how within the industry.

If you’re looking to solve business problems and think Cognistx — through the use of cognitive computing — could be a good way to go about it, please reach out to us to set up a conversation. We’d love to hear from you and to start brainstorming ways to leverage your data to really move the needle for your business!

-Sanjay