Taipei, December 2, 2022 /PRNewswire/ — As alarm bells ring about a global recession, the challenges ahead will test the resilience of companies and the wisdom of future market structures. David FanJensen Capital, founder of Jensen Capital, together with many industry and academic experts from Feng Chia University School of Interdisciplinary Design, AUO, Gogoro, Cheng Hsin Rubber, Taiwan AI Academy, evaluates the power of AI data and tools, advised companies to strengthen Have domain knowledge and collaborate across organizations. Experts have pointed out that business leaders need to make the right decisions, enter markets at stake and deploy ahead of time so they can be winners when the economy recovers.
As the world counts down to 2023, major international organizations are predicting a tough global economy next year. The International Monetary Fund (IMF) has even pointed out that economic growth in 2023 could continue to be revised downwards to below 1%.Recently revised by Taiwan Economic Research Institute Taiwan’s Economic growth slows to 2.91% in 2023. A business facing global headwinds, his leader is eagerly looking for strategies to breakthrough. Profit AI, a leading provider of AI platforms for the manufacturing industry, recently held a forum “Crossover Talks: AI & Economic Cycles” in Taichung. The event invited David Huang, Founder of Jensen Capital, Peter J. Sher, Dean of Interdisciplinary Design Department of Feng Chia University, Shinmin Chao, Vice President of AUO Digitech, and Head of Manufacturing of Gogoro Taiwan Limited. charlie fanCheng Shin Rubber’s Information Center Manager, Justin Chen, and Taiwan AI Academy’s Industrial Development Director, Benjamin Kuo, will share their experiences and brainstorm profitable solution ideas with all participants.
Believe in Business Cycles and Cultivate Great Leadership Perspectives: See Crises as Opportunities
David Fan A quarter-century after the last financial tsunami, he said another wave of recession would come. Business leaders should trust the economic cycle, and market downturns are the perfect time for companies to improve the quality of their people, machines, raw materials, methods, and environment. David Fan He shared his experience leading Yageo Corporation during the 2008 financial tsunami. He did the opposite during recessions, boldly investing in cheaper equipment and mobilizing manpower so that business could seize his opportunities quickly when the economy picked up. he succeeded.
according to David Fan, AI applications are among the best options for investing during the current recession. Great leaders need to see the big picture, and to do that they must rely on trusted intelligence. He suggested that a leader should adopt the right attitude in deploying his AI and combine AI with data and domain knowledge to generate intelligence information. These actions will ensure sustainable business operations through AI applications, he said.
David FanThe founder of Jensen Capital suggested that leaders should believe in economic cycles and deploy AI early.
Strengthening domain knowledge with AI tools that support corporate lifelines
Mr. Sher from Feng Chia University also explained his observations on AI deployments, focusing on companies guided by the AUO and the interdisciplinary design department. He pointed out that AI is not a glamorous term. He argued that companies should not expect AI to be deployed in one action, but that in practice deployment requires a detailed workflow and that resources can be effectively integrated. , noted the need for inter-departmental and cross-disciplinary communication and coordination.
Mr. Chao of AUO Digitech says that AUO’s personnel’s high awareness of AI and process improvement has helped the company become a model student of AI applications. For over 5 years, AUO has assigned over 1,000 staff to relevant training. AI has been in AUO’s DNA for a long time, and only in this way can we reduce labor costs, increase production, and improve productivity by 30%.
Panelists argued that while computing and algorithms can be used to successfully deploy AI, the key to victory is really domain knowledge. charlie fan Mr. Gogoro shares his professional manufacturing experience in the mechanical, aerospace engineering, and semiconductor industries, saying that professional partners are best suited to deploy tools and applications, while companies I stressed the need to focus on deepening my knowledge. Mr. Kuo of Taiwan AI Academy also said that in the current geopolitical situation, everyone’s role is interchangeable, so the only way for companies to remain unbeatable is to continuously develop their domain expertise. said to improve.
Using AI data as a teacher
In the current flow of second-generation succession, smooth handover and breaking new ground are important issues for many new-generation successors. Mr. Chen of Cheng Shin Rubber added that a common problem his company encountered was persuading his former business owner to introduce new technologies and methods to improve business efficiency. rice field. In traditional industries, more than 95% of companies don’t understand AI and don’t know how much resources to invest in it or how to get started, he said. Under Chen’s leadership, Cheng Shin Rubber has rapidly deployed his Profet AI platform, effectively improving yield, reducing test time and waste, and reducing development costs at the same time. Using fast and intelligent real-world data as evidence, second-generation successors can earn the trust of first-generation leaders.
David Fan First-generation leaders rely on time and money to gain experience, while second-generation top managers focus on using respect and the power of data to run a sustainable business. indicates that it is placed Kuo suggested that companies should treat data as part of their daily routine in order to achieve digital optimization and gain a competitive edge with AI.
crossover talk: AI & the Economic Cycle Series event held in Kaohsiung
Professor AI CEO yellow jelly Profet AI has been focused on the manufacturing industry for a long time, so we understand the pain points of our customers who face the current international climate and market challenges and are trying to understand how to implement AI applications. This year, Profet AI will start hosting a series of forums “Crossover Talks: AI & the Economic Cycle” to brainstorm solutions with industry and academic experts and companies. The next forum will be held in Kaohsiung. December 8and Profet AI welcomes corporate friends to join!
SOURCE Prophet AI