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

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

Start » Real-time Scenario Simulation (Glossary)
24 May 2024

Real-time Scenario Simulation (Glossary)

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The term „real-time scenario simulation“ is primarily found within the categories of artificial intelligence, automation, and Industry 4.0.

Real-time scenario simulation means that using computers or modern software systems, different situations and processes can be simulated instantly, i.e. without delay. The special feature is that changes or new data are immediately incorporated into the simulation and the effects become directly visible. This makes it possible to make decisions quickly and safely without taking risks in the real world.

A clear example: In a modern factory, scenario simulation can be used to test in real-time how a sudden machine failure would affect overall production. Those responsible can immediately see which areas are affected and can specifically adapt emergency plans before a shutdown occurs.

This technique allows for cost savings, reduced downtime, and efficient control of production or processes. Real-time scenario simulations are therefore finding increasing applications – also in the fields of logistics, energy supply, and even healthcare.

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