Manufacturers &AI
Combining human experience, insight, and AI techniques, manufacturers are discovering new ways to differentiate themselves while driving down costs, protecting employees and increasing margins. Over the last 5 years, manufacturers drove massive data collection, major progress were made on the production line, however drivers of productivity (quality, time, automation, etc.) is still scarce. 95% of collected data is still waiting for appropriate treatment to generate valuable AI-originated insights. According to analysts, less than 30% of industrials actually have an AI development plan for their factory, despite over 85% of them believing they need to implement AI on their production processes.
Most IoT data are not used currently […] The dara that are used today aremostly for anomaly detection and control, not optimization and prediction, which provide the greatest value.
McKinsey
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