The Impact of AI
The use of AIs is unavoidable, especially in producing new medical products, mostly due to global competition. Stryker Corporation is one of the leading companies dealing with medical technologies such as implants; its success can be attributed to the incorporation of AI with the workflow. The use of AI increases employees’ productivity through automating jobs. The AI links those jobs that are considered to be of low value. For example, AI gives a review of a product that has been developed. As a result, developers gain more skills to produce better products (Cockburn, Henderson, & Stern, 2018).
Due to the nature of the work that Stryker Corporation performs, it must use AI to develop tailored products to suit individual patients. One of the products that the company produces is hip replacement implants. These kinds of products are tailor-made to fit a particular patient; this kind of precision can only be made possible through an AI. Additionally, the early delivery of such products to the target market is essential to having a competitive edge over its competitors. It also has attributed to the corporation’s high sale with over ten billion dollars in sales in 2019 (Cockburn, Henderson, & Stern, 2018).
Stryker Corporation has been considered the best at what they do, which means the quality of their product defines the organization. AI applies predictive analysis; this is important in identifying if a particular product is defective. Products that leave the plant must undergo a series of inspections, which afterward they are certified to be defect-free. If a product undergoes the AI’s inspection test, the identified problem is resolved before the product is released into the market. The introduction of AI in the production process gives the manufacturer feedback; the information received is then used to improve the product (Fountaine, McCarthy & Saleh, 2019).
References
Cockburn, I. M., Henderson, R., & Stern, S. (2018). The impact of artificial intelligence on innovation (No. w24449). National bureau of economic research.
Fountaine, T., McCarthy, B., & Saleh, T. (2019). Building the AI-powered organization. Harvard Business Review, 97(4), 62-73.