Machine learning models can enhance nearly every aspect of a business, from marketing to sales to maintenance.
The manufacturing industry collects petabytes of data daily, and with the help of machine learning algorithms, manufacturers are completely revolutionizing business models by monitoring the quality of their assembly process, while also optimizing operations.
Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality, and optimize manufacturing operations. PwC estimated that manufacturer’s adoption of machine learning and analytics will increase 38% in the next five years.
In manufacturing, the rise of IoT, has sparked numerous opportunities to utilize machine learning .LotusLabs helps innovative manufacturers face the challenges of finding opportunities within the data collected to increase efficiency and quality.
The manufacturing industry has a multitude of AI and machine learning applications it can use to improve the products quality, reduce costs, and streamline operations.