The Beginner’s Guide to AI in Manufacturing
Manufacturers today face a highly competitive environment with rising costs of materials and resources. The nominal price of steel, for example, has increased by 167% since the turn of the century while energy costs have climbed more than 2.5 times their prices in 2000 (1). In order to be more efficient while managing tight margins, manufacturers have begun exploring digital transformation solutions such as Artificial Intelligence (AI) and Machine Learning (ML). These technologies help factories unlock previously hidden opportunities while helping solve problems faster than ever before. Getting started with these initiatives, however, remains a challenge.
In this eBook, we will explore the concept of Prescriptive AI: a data-driven process that helps manufacturers discover new ways to reduce costs and increase productivity. You’ll learn the fundamentals of a digital transformation journey and the benefits of starting quickly to give you a competitive edge. Time is an asset you can’t get back, so it’s critical to start collecting valuable data today. We hope this eBook helps you gain a better understanding of how to get started.
This is an excerpt from “The Beginner’s Guide to AI in Manufacturing” ebook published by Oden Technologies. Download your copy to better understand how Artificial Intelligence can optimize production performance.
Table of contents
- The Challenges with Industry 4.0
- The rise of the Intelligent Factory
- Quick Guide to Understanding the Intelligent Factory
- The Value of AI-Driven Automation
- Getting Measurable Results Quick
- Key Takeaways: The Future is Prescriptive and Automated
This white paper is sponsored by Oden Technologies
Willem Sundblad is the CEO and Co-founder of Oden Technologies, a company that empowers manufacturers to make more, waste less and innovate faster through machine learning and applied analytics. Willem is a leading voice in Industrial IoT and is pioneering the use of real-time and predictive analytic tools that uncover untapped value. Recently named one of Forbes 30 Under 30, Sundblad is working to transform the manufacturing industry by digitizing, analyzing and perfecting peak factory performance.
(1) TRACC Solutions: Rising Cost of Raw Materials