Q: Based on what you have seen in the market so far and the current forecasts around AI technologies, where do you see Engineering organizations using AI to unlock the most business value?
Rupesh: AI in Engineering is already prevalent across many industries. AI and deep learning have the potential to revolutionize engineering processes, enabling enhanced ideation, product drafting, virtual design, and simulations. By optimizing test cases, engineers can reduce physical build and testing time. In product development R&D, AI can improve productivity by an estimated 10 to 15 percent.
For example, industries like life sciences and chemicals are leveraging AI for faster development of drugs and materials. Healthcare providers use AI and Engineering skills to automate processes that enhance patient outcomes. Manufacturers are re-evaluating their supply chains, conducting predictive data analysis, and utilizing engineers to improve maintenance, health & safety, and resilience, resulting in products made safely, efficiently, and cost-effectively. Customer service businesses are utilizing AI to assist Engineers in uncovering insights about customer behavior and buying patterns to help improve the products they bring to market.
More and more examples are starting to come to market in terms of AI usage in Engineering. However, at Wipro, we advise clients to take a cautious evolution toward extracting/evaluating business value from AI. Organizations should not dive into using AI tools without a strategic evaluation of those tools.
They should first examine their value chain and ask: “Where can the use of AI make the most significant impact?” It may be in the concept design stage, the R&D process transformation, or the product launch phase.
Where Engineering teams can see the potential for AI, they should be looking at more than just the tooling deployment costs and business benefits. They also need to make sure operating costs such as cloud usage, additional technology infrastructure, and the up/cross-skilling of people are included in the business case to identify if AI will have the impact they desire.
But let’s be clear: The impact of AI solutions combined with engineering skills will be felt everywhere — not just in Silicon Valley or technology companies, but in every kind of organization you can imagine. This innovation potential will span sectors and combine with other technologies — including 5G, IoT (Internet of Things), and digital twins — to usher in new ways of doing business.