Railway companies could use opportunities created by rapidly evolving artificial intelligence technologies as a catalyst to improve the way they plan and deliver operations.

Many types of artificial intelligence (AI) capabilities have accelerated in recent years due to tumbling costs of data storage and processing, rapidly expanding data availability, and improved data storage and modelling techniques. In general, analytical AI can analyze historical data and make numeric predictions, while generative AI (gen AI) allows machines to produce new outputs similar to human-generated content. Gen AI, in particular, has been building momentum since 2017 and hit an inflection point at the end of 2022 when applications such as ChatGPT became publicly available. Click here to read the full article