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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

24 October 2024

Optimisation-as-a-Service (Glossary)

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The term "optimisation-as-a-service" is particularly at home in the areas of digital transformation, Industry and Factory 4.0 and artificial intelligence. It refers to an external service that helps companies to improve their processes, products or services in a targeted manner without having to hire expensive specialists or develop their own software.

Instead, a company commissions a provider who uses special tools and expertise to make production processes in a factory more efficient, increase quality or reduce costs, for example. This is usually cloud-based - the necessary solutions are provided via the internet and customised to individual requirements.

A simple example: A medium-sized company produces machines and wants to find out how energy consumption can be reduced. It commissions an optimisation service that uses artificial intelligence to review all processes and make specific suggestions, such as when machines should be serviced or how the use of materials can be reduced. Implementing these suggestions then leads to measurably better results.

Optimisation-as-a-service therefore saves time and resources because external expertise and modern technologies are used to continuously improve existing work.

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