Manufacturing
Manufacturing produces 16% of global GDP, and for that reason, AI can hugely benefit the whole economy if it can boost manufacturing. And it seems like this is the case. I will divide manufacturing into:
- predictive maintenance,
- forecasting demand,
- factories (also partially covered in chapter about robots),
and discuss each use case below. The term Industry 4.0 emerged in 2011 to address the trend of total automatization of manufacturing. As a business vertical manufacturing is very susceptible to automation - many factories have already implemented automation to a large degree. Due to the digitization of manufacturing, it’s easy to enter with AI tools and try to optimize processes. However, the most difficult challenge lies in using AI in the way which won’t make errors in scenarios where errors would cost too much (human lives).
Predictive maintenance
Maintenance is a critical area that can drive significant cost savings and...