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Allianz Investments: Investors should pay attention to companies driving the artificial intelligence revolution.
Investors should pay attention to companies driving the artificial intelligence revolution, including hardware and component manufacturers, software suppliers, and companies leading in industrial automation, with Europe being particularly noteworthy.
Allianz Investment wrote in a document that in the past 3 to 5 years, the application of the Internet of Things has been increasing day by day, whether in very popular household devices (such as connected doorbells) or in the industrial and manufacturing sectors. The future of artificial intelligence is driving the development of innovative solutions, and more and more companies are adopting related technologies. Investors should pay attention to companies driving the artificial intelligence revolution, including hardware and component manufacturers, software suppliers, and companies leading in industrial automation, with Europe being particularly worthy of attention. Of course, in traditional manufacturing industries, there will be winners and losers between companies that can quickly apply new artificial intelligence capabilities and those that lag behind. In factories, Allianz noted that many of the fastest-growing areas are in the category of optimization and improvement, such as introducing artificial intelligence into existing systems to make existing processes and systems more efficient and cost-effective. For example, companies have equipped sensors in factories and the necessary data flows, so artificial intelligence can be installed to provide an additional level of analysis, which is expected to significantly improve efficiency and productivity. Allianz Investment mentioned that the benefits of this level of analysis can already be seen in quality control processes. For example, in manufacturing systems such as automobiles, regularly pausing the production line to inspect the quality of each product is not only costly, but often impractical. Artificial intelligence tools can now perform more checks in real-time, reduce downtime, and improve efficiency. Furthermore, tasks that previously required a large number of skilled workers can now be automated. Artificial intelligence is improving agricultural efficiency and driving sustainability. For example, the use of artificial intelligence and deep learning technologies in crop spraying systems using tractors and drones has reduced the use of herbicides by up to 80%.
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