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Micron is using AI models to analyze 3.3 million images each day, which contributes to a 50% reduction in new product ramp time, and 18% increase in labor productivity. Micron expects the greatest AI contributions in intelligent analytics, intelligent robots, and content generation.
Healthcare is an industry that is almost recession-proof. Throughout the Covid pandemic, healthcare has shown strong resiliency and growth, with an industry value of over $10 trillion by 2022.
Delivering perfect orders isn´t easy, but having the right technological tools will help your company to get the most value of manufacturing data and make you outperform, shaping the difference between failing and succeeding in Order Management, especially in highly vertically integrated industries.
Analytics have become a big part of manufacturing operations. For decades, plants have generated and collected data, but modern technologies with advanced analytics, machine learning (ML) and other artificial intelligence (AI) algorithms are taking how we use this data to new levels.
Recently, the leading technology market analysis firm ARC released a market report – “How Digital Transformation is Changing the Business Value of Connectivity to Machines”.
In today’s increasingly complex global competitive environment, real-time information is vital to help manufacturers at both the plant and enterprise levels make decisions that improve efficiency and effectiveness, bringing intelligence to their business.
With all the focus on new technologies and how the world of manufacturing is digitally transforming, it is easy to lose sight of what the repercussions will be with regards to how people will do their job. One thing is certain – it will be different!
Perhaps the most important feature of the smart factory, its connected nature, is also one of its most crucial sources of value. Smart factories require the underlying processes and materials to be connected to generate the data necessary to make real-time decisions. In a truly smart factory, assets are fitted with smart sensors so systems can continuously pull data sets from both new and traditional sources.