Start driving decisions with machine data.
Categories:

    Artificial intelligence is finding its place in manufacturing. "The benefits of AI can include performance enhancement, cost control, optimization of processes, shortened product cycle development times, and improved efficiency." Though it sounds expensive, it can be relatively inexpensive to utilize and it could save you money. "Regardless of the application, when entertaining AI, industrial stakeholders should first focus on the main business problem they are choosing to address."

    Recommended Read The Growing Influence of AI in Smart ManufacturingSource: http://www.arcweb.com

    The influence of Artificial Intelligence (AI) in smart manufacturing is growing rapidly.  Artificial Intelligence, according to the ARC Advisory Group, applies to any device that perceives its environment and takes actions that maximize its chance of success toward some goal. This includes a vast range of technologies, such as traditional logic and rules-based systems, that enable computers to solve problems in ways that at least superficially resemble thinking. According to a recent Accenture Artificial intelligence (AI) research report, corporate profits will increase by an average of 38% by 2035 in large part thanks to a more advanced deployment of Artificial Intelligence into financial, IT and manufacturing applications. But at this early stage of AI implementation, is it still not clear how it will be deployed across many possible use cases. Assessments of risk/reward scenarios are being evaluated and many organizations are unsure of how and when to dip their toes into the AI pool.   Read More

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Industry 4.0 - visibility, connectivity, and progress

    Industry 4.0 - visibility, connectivity, and progress

    What does industry 4.0 mean, and what does it mean for you? The Fabricator said, "First, let’s back up. Industry 4.0 is just a term. Yes, it does refer to the fourth industrial revolution. The first w...

    Industry 4.0
    Digital transformation is shaping the future

    Digital transformation is shaping the future

    What is coming in the future of manufacturing? Even more connected technology. Sage said, "You can look ahead to a factory of the future – connecting information so intelligent machines can collaborat...

    Industry 4.0
    What industry 4.0 means for networks

    What industry 4.0 means for networks

    The rise of industry 4.0 is revealing a lot of networks that need some help.  Network World reported, "The researchers say a smarter, unique, and organic infrastructure needs to be developed for the I...

    Industry 4.0
    Is it time to go for 5G?

    Is it time to go for 5G?

    5G technology has been advancing, but is it right for your business?  Machine Design says, "Manufacturers need to be prepared to invest in infrastructure upgrades, and early adopters will face the tec...

    Industry 4.0
    People and manufacturing technology

    People and manufacturing technology

    As the manufacturing industry changes, many people are wondering where they will fit into the future.  TB Tech said that while the possibility is far off, "The possibility of a workless and worker-les...

    Industry 4.0
    What is Industry 4.0 anyway?

    What is Industry 4.0 anyway?

    What is Industry 4.0? Honestly if you're still asking this question you're a bit behind, but that's OK! Spotlight Metal said it is, "The fusion of digitalization with traditional industrial processes....

    Industry 4.0
    How IoT could help traffic

    How IoT could help traffic

    IoT is being used across many industries and topics, potentially including roads.  Spectrum said IoT, "Could allow smart cars and trucks to exchange information with other vehicles, traffic-management...

    Industry 4.0
    Adjusting supply chain for industry 4.0

    Adjusting supply chain for industry 4.0

    Implementing Industry 4.0 means big changes - and that's a great thing! However, other aspects of your business will likely have to adjust.  Digitalist Magazine said, "Internet-enabled sensors can kee...

    Industry 4.0
    What to focus on with cybersecurity

    What to focus on with cybersecurity

    Cybersecurity should be a priority for anyone implementing IoT initiatives.  ZDnet said, "Many IoT devices have been known to have vulnerabilities that allow attackers to remotely access or control th...

    Industry 4.0
    What's driving industry 4.0

    What's driving industry 4.0

    Advancements in tools and technology have driven the manufacturing industry since the first industrial revolution.  These days, AI and IoT are leading the charge! Ars Technica said, "Big data, analyti...

    Industry 4.0