AI and Machine Learning for Manufacturing Industry: Use Cases

Written by Venky | Published 2020/01/12
Tech Story Tags: ai | computer-vision | analytics | data-analytics | data-science | machine-learning | deep-learning | hackernoon-top-story

TLDR Manufacturing industry has always been available to embrace the innovative technologies. 81% of the manufacturers have already embraced some type of transformational technology to digitise business processes. The global AI in Manufacturing Market is expected to reach $15.2 billion by 2025 from $513.6 million in 2017, growing at a CAGR of 55.2% as per Allied Market Research. Unplanned downtime costs manufacturers an estimated $50 billion annually, and the asset failure is the cause of 42% of this unplanned downtime.via the TL;DR App

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Written by Venky | Solution consultant at Sahaj Software Solutions
Published by HackerNoon on 2020/01/12