Milos Stankovic

Pyron Technology is a consultancy firm supporting customers on their digital journey to Industry 4.0.

[Milos Stankovic @PyronTechnology]

Check out my latest article: How can digitalization contribute to the growth of the European economy? https://t.co/Z1y4UyKqcK via @LinkedIn #growth #DigitalTransformation #pyrontechnology #business #eu #economy

[Milos Stankovic @PyronTechnology]

@xplane

[Milos Stankovic @PyronTechnology]

It's always good to remind you of this!

How much does it cost you to run a company with an 𝘂𝗻𝗰𝗹𝗲𝗮𝗿 𝘃𝗶𝘀𝗶𝗼𝗻, 𝗱𝗶𝘀𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗲𝗱 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆, 𝗶𝗻𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀, 𝗽𝗮𝗶𝗻𝗳𝘂𝗹 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝘀, 𝘁𝗼𝘅𝗶𝗰 𝗰𝘂��𝘁𝘂𝗿𝗲𝘀?!

[Milos Stankovic @PyronTechnology]

Tailored Digital Transformation Strategy https://t.co/sWFOdK8B83

[Mike Flache @mikeflache]

“Generative AI is primarily a technology for digital industries,” is what I still hear in 2024.

That's far from the case.

Generative AI can significantly increase productivity and the quality of results, especially in traditional industries such as manufacturing.

Here is a list of the key application areas where generative AI is having a significant impact:

1️⃣ Product design and development
2️⃣ Predictive maintenance
3️⃣ Supply chain optimization
4️⃣ Customization at scale
5️⃣ Quality control and inspection
6️⃣ Energy consumption optimization
7️⃣ Robotics and automation
8️⃣ Material science
9️⃣ Human-machine collaboration
🔟 Training and simulation

These application areas demonstrate the versatility and transformative potential of generative AI in manufacturing.

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P.S. For more global business trends involving digital transformation, follow my posts here on X.

#DigitalTransformation #ArtificialIntelligence #GenerativeAI #Manufacturing

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[Milos Stankovic @PyronTechnology]

ChatGPT and other large language or image models are being tested by many companies. They are amazed by how well these systems can convey complex thoughts in clear language. However, they also know that these systems mainly learn f…https://t.co/miIqsj9vTZ https://t.co/QclvG7Z9sa

[Milos Stankovic @PyronTechnology]

A New Kind of Quantum Computer Could Be Built on The Strange Physics of Sound Waves.

Source:

#quantumcomputing #digital #ai #innovation #supercomputing

___________________________________________________________________________…https://t.co/FhacoTcdCJ https://t.co/jY9Sdg5xt5

[Milos Stankovic @PyronTechnology]

The debate on how artificial intelligence will affect jobs is reaching a common ground. History shows that new technologies have not caused mass unemployment in the long run, so AI is not likely to leave many people without work in…https://t.co/kaSBzxKAZa https://t.co/IdWQX6VyNU

[Milos Stankovic @PyronTechnology]

The iceberg of ignorance shows the gap between what front-line employees know and what top managers know about the organization’s problems.

It means that leaders need to 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗲 more effectively with their staff, 𝗹𝗶𝘀𝘁𝗲𝗻 to their fee…https://t.co/8klDRalQ5F

[Milos Stankovic @PyronTechnology]

𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝘁𝘄𝗶𝗻𝘀 – virtual models of real-world objects or systems – are not a new technology, but they are essential for advancing the Fourth Industrial Revolution. They can represent anything from a car to a city, and they are constantly update…https://t.co/S0PvsW7JCR

[Milos Stankovic @PyronTechnology]

Construction is the largest industry in the world, and yet, it is underperforming even in normal times.

The ecosystem accounts for 13 percent of global GDP, but construction has seen a meager productivity growth of 1 percent annually for the past two de…https://t.co/xjXHusc1su

[Milos Stankovic @PyronTechnology]

Infrastructure is essential for any economy to function and grow. It connects people and places, enables trade and commerce, and provides vital services and utilities. But the current state of infrastructure is facing enormous challenges.

The entire pro…https://t.co/yq1fYiKWLy

[Milos Stankovic @PyronTechnology]

𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗼𝗳 𝗖𝗵𝗮𝗻𝗴𝗲: 𝗔 𝗡𝗲𝘄 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻

Change is essential for any organization that wants to stay competitive and relevant in today's…https://t.co/gQkexvwllv https://t.co/Dwmb6rIAWa

[Milos Stankovic @PyronTechnology]

Traditional advanced-analytics and machine learning algorithms are highly effective at performing numerical and optimization tasks such as predictive modeling, and they continue to find new applications in a wide range of industries.

However, as generat…https://t.co/FLHpOkx9KI

[Milos Stankovic @PyronTechnology]

Just yesterday, I discussed the change process with the client and we had a discussion which lead to discovering the full spectrum of the emotions they are dealing with during the digital transformation implementations. This also reminded me on the post b…https://t.co/9IskLcRFry

[Milos Stankovic @PyronTechnology]

𝗪𝗵𝘆 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝘄𝗶𝗻 𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻?

Real-time supply chain execution is the goal of advanced supply chain pla…https://t.co/KVphZfHS4p https://t.co/I6eLydoJLu

[Milos Stankovic @PyronTechnology]

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝘁𝗼 𝗱𝗶𝗴𝗶𝘁𝗶𝘇𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻?

Despite some success in adopting digital technologies — and plans to invest in areas that are lagging — many manufacture…https://t.co/yo917pNUrO

[Milos Stankovic @PyronTechnology]

𝗕𝗹𝗼𝗰𝗸𝗰𝗮𝗶𝗻 𝗯𝗮𝘀𝗶𝗰𝘀

Blockchains are driven by consensus. When a user initiates a transaction, its details are broadcast to the entire network, checked by other users and accepted if there is consensus. Once a transaction has been validated, i…https://t.co/6zyCN9Va2P

[Milos Stankovic @PyronTechnology]

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴?

According to PwC, 𝟮𝟰 𝗽𝗲𝗿𝗰𝗲𝗻𝘁 𝗼𝗳 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗖𝗘𝗢𝘀 𝗮𝗿𝗲 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵𝗶𝗻𝗴 𝗼𝗿 𝘂𝘀𝗶𝗻𝗴 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝘁𝗲𝗰𝗵?…https://t.co/moeeJ99bnB

[Milos Stankovic @PyronTechnology]

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗱𝗶𝗴𝗶𝘁𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝘁𝗮𝗸𝗲 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 ���𝗼 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗹𝗲𝘃𝗲𝗹 𝗯𝗲𝘆𝗼𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝟰.𝟬?

Manufacturing is a core part of many businesses that need to transform rapidly and effectively to stay rel…https://t.co/DNj93WecqK

[Milos Stankovic @PyronTechnology]

The Industry 4.0 applications enabled by the Internet of Things are expected to create a new surge in factory productivity. While factory automation (Industry 3.0) helped improve the performance of all sorts of factories around the world in the past few d…https://t.co/c8TuOuG1cJ