The Impact of AI on Reducing Manufacturing Operational Costs
By optimizing manufacturing efficiency and reducing waste, Industry 4.0 has accelerated ROI and profitability. In 2021, the global smart manufacturing market was valued at USD 88.7 billion; by 2027 is projected to reach USD 228.2 billion with a CAGR of 18.5% from 2022 to 2027….
Using Manufacturing Data Analytics to reduce manufacturing costs and improve quality control
The quality of a product is strongly tied to the quality process and organization of the company that manufactures it as well as its cost in the manufacturing sector. In order to achieve products that meet customers’ expectations, it is important not to be below…
Do you really use your manufacturing data or are you just collecting it?
You collect a lot of manufacturing data, which is great. Are you really using it to control your manufacturing processes? How much of the data you collect is actually useful? The vast amount of manufacturing data is of no use unless it is integrated, harmonised,…
Trying to adapt your factory to Industry 4.0 technologies? Are you on the right track?
Manufacturing’s fourth industrial revolution is commonly referred to as Industry 4.0. Businesses and employees are always challenged by introducing Industry 4.0 technologies. Companies are becoming more familiar with the smart factory concept and it has become impossible to ignore its advancements towards becoming the industry’s…
How Root Cause Analysis tools can improve your productivity
Manufacturing businesses need to find new ways to streamline their operations in order to succeed. It used to take months to examine every process, test and retest ideas, and implement changes. Manufacturers are, however, sinking before they have a chance to become better because of…
