The leading growth strategy for manufacturers in 2019 is improving shop floor productivity by investing in machine learning platforms that deliver the insights needed to improve product quality and production yields.
Using machine learning to streamline every phase of production, starting with inbound supplier quality through manufacturing scheduling to fulfillment is now a priority in manufacturing. According to a
Source: McKinsey/Harvard Business Review. Most of AI’s business uses will be in two areas by Michael Chui, Nicolaus Henke, and Mehdi Miremadi. March 2019 Boston Consulting Group found that manufacturers’ use of AI can reduce producer’s conversion costs by up to 20% with up to 70% of the cost reduction resulting from higher workforce productivity.
Source: McKinsey, AI in production: A game changer for manufacturers with heavy assets, by Eleftherios Charalambous, Robert Feldmann, Gérard Richter, and Christoph Schmitz
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