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You're reading from  Artificial Intelligence Business: How you can profit from AI

Product typeBook
Published inAug 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781800566514
Edition1st Edition
Languages
Python
Concepts
Artificial Intelligence
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Author (1)
Przemek Chojecki
Przemek Chojecki
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Przemek Chojecki

Przemek Chojecki joined The University of Oxford as a research fellow after completing his Ph.D. in mathematics in Paris, and then moved to the Polish Academy of Sciences where he worked as an assistant professor until 2019. His interests lie in mathematics, computer science, data science, and AI. He is currently the CEO at Contentyze.
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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...

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Artificial Intelligence Business: How you can profit from AI
Published in: Aug 2020Publisher: PacktISBN-13: 9781800566514
© 2020 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Przemek Chojecki

Przemek Chojecki joined The University of Oxford as a research fellow after completing his Ph.D. in mathematics in Paris, and then moved to the Polish Academy of Sciences where he worked as an assistant professor until 2019. His interests lie in mathematics, computer science, data science, and AI. He is currently the CEO at Contentyze.
Read more about Przemek Chojecki

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