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….
Manufacturing companies can benefit from AI to prevent reputational damage and market share loss
Losing sales due to the quality of your products? AI in manufacturing is here to help Manufacturing companies suffer losses in sales as a result of bad market rejection because their products are of poor quality. It just takes one post about a bad…
How AI helps preventing fire in electric vehicles due to battery malfunction
In the move to electric vehicles, automakers are dealing with reputation-damaging issues such as vehicle fires due to battery defects, recalls , sudden power loss and others. Electric vehicle Recalls Over the last 12 months, three high-profile recalls have affected about 132,500 electric vehicles at…
Recalls causing loss of market share and reputation – How to improve Quality and Avoid Recalls using AI technology?
A product recall is the process of replacing defective goods for consumers. Each year, manufacturers recall millions of products, from all types of consumer electronics to the automotive industry. How to improve Quality and Avoid Recalls using AI technology? More than just replacing of…
