Can ChatGPT Support Industry 4.0?
Published on 24 Feb, 2023
The new phenomenon ChatGPT unveiled by OpenAI is set to revolutionize processes and operation across industries. Although it is still in the testing phase, it has gained widespread popularity given its potential application fields. One such area that could be leveraged by companies is in an Industrial 4.0 setting. Can ChatGPT bring about further evolution in the industrial landscape and enhance efficiency and productivity?
The fourth industrial revolution is underway and it is changing the way organizations and industries work. Also known as Industry 4.0, it has been instrumental in reshaping production processes, allowing humans and machines to collaborate. With the recent advancements in Artificial Intelligence (AI) and NLP algorithms, OpenAI has launched its latest product, ChatGPT, which is already creating a buzz in the market, with over 100 million users and 13 million daily active individual users (as of January 2023). OpenAI estimates that the tool would generate approximately USD200 million in revenue by the end of 2023.
Given its capabilities, there could be several potential use cases of ChatGPT that industries could explore, some of which are given below.
- Guidance and Training: Based on the insights generated by the industrial AI-based analytics tools within the premises, ChatGPT could provide real-time guidance and training to on-ground personnels. It could suggest corrective or preventive actions in case of any potential machinery failures. It can also help train new recruits and assist them in troubleshooting.
- Scheduling: From an operations standpoint, ChatGPT could help generate task lists and schedules for workers and factory managers to ensure optimal utilization of resources.
- Simplifying data: ChatGPT can be used to further analyze data obtained from automated dashboards at factories to generate summaries that could be incorporated into the organization’s annual reports. This could be achieved by translating tabulated data into easily comprehendible text format. This would aid the decision-makers in getting a broader understanding of the productivity levels of the plants across geographies in a lucid manner.
- Customer feedback: To obtain precise and customer-centric feedback on the industrial output, organizations can incorporate ChatGPT across numerous channels (such as social media pages, and company websites). Specific feedback can help companies tweak their products and manufacturing processes.
- Research: With the advancements in Reinforcement Learning from Human Feedback (RLHF) models, ChatGPT could eventually assist companies in research activities. It could generate various permutations and combinations for product compositions, suggesting innovative process-related improvements, or come up with state-of-the-art product features that could be incorporated into future product launches.
ChatGPT could potentially witness widespread adoption across industries and companies. Industrial production and manufacturing may also stand to benefit from it. ChatGPT can change the way businesses operate. It may alter how time and resources are allocated because of its capacity to automate repetitive operations, provide real-time data analysis, support many languages, and enhance data accuracy.
However, there are certain legal and ethical limitations that could act as a hurdle to its implementation. It is easy to manipulate this tool to malign an organization’s reputation. It can also be used to sway public opinion toward or against a product. As adoption of ChatGPT increases, industrial regulatory authorities would have to set up the necessary laws to minimize legal issues and challenges that could negatively impact companies.