Artificial Intelligence (AI) is emerging as a tool to significantly improve operational performance. While the aerospace industry has historically lagged behind other industries when it comes to modernizing itself with new technologies, the application of AI provides new opportunities.
One of the biggest opportunities is to address the industry’s labor shortages particularly in skilled areas such as parts sourcing and procurement which have significant impacts on operational and economic performance. AI can assist purchasing teams and increase productivity by automating many of these processes by using AI to leverage structured data.