Oliver Wyman August 8, 2024
Businesses can increase efficiency with the right tech
Artificial intelligence (AI) promises to provide staggering gains in efficiency and output for organizations across industries that implement it properly. Based on analysis conducted by the Oliver Wyman Forum, AI will contribute to a 40% increase in labor productivity by 2035 in developed countries, stemming primarily from advancements in the end-to-end operations value chain. A key area of this innovation wave is the integration of AI into core operations planning functions, including long- and short-range production and maintenance planning, materials planning, and production control.
Traditionally, planning functions have heavily relied on the expertise and accumulated knowledge of human planners, who must navigate extensive volumes of operational data that require interpretation and analysis...
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