Dear Qasim Habeeb Nashid

In my opinion, Standard costs estimates are traditionally used to compare actual performance against benchmarks and analyze variances, but AI can revolutionize this concept by transforming it into a dynamic, predictive system that continuously learns from real-time data, identifying patterns and anomalies to forecast potential cost deviations before they occur. By leveraging machine learning, AI can optimize production processes, suggest proactive adjustments, and enhance decision-making, turning static cost control into a living system that drives continuous improvement, reduces waste, and boosts efficiency in mass production environments.