Manufacturing analytics
Top 5 Use Cases of Computer Vision in Manufacturing in 2024
Computer vision is revolutionizing the manufacturing sector, and as business leaders realize this, they are investing more in computer vision and other AI solutions. Influenced by Covid-19 and digital transformation acceleration, the market for AI in the manufacturing sector, including computer vision, is projected to reach almost $10 billion by 2027.
Guide to IIoT in 2024: 7 Benefits, 3 Challenges & Examples
Industrial Internet of Things (IIoT) refers to the use of the internet of things (IoT) across industrial sectors and applications. Industrial IoT employs a network of sensors to: About the efficiency of manufacturing operations.
Guide to The Fourth Industrial Revolution (Industry 4.0) in 2024
The global Industry 4.0 market was estimated at $70B in 2019 and is expected to reach $210B by 2026 as more manufacturing businesses are optimizing their digital transformation strategies. Industry 4.
14 Case Studies of Manufacturing Analytics in 2024
Manufacturing is one of the top 3 industries which account for the biggest share of the big data and analytics revenues worldwide. Manufacturing analytics have numerous use cases which enable businesses to predict machinery’s future use, prevent failures, forecast maintenance requirements, and identify areas for enhancement.
Top 10 Manufacturing Analytics Use Cases in 2024
IDC estimates that the global big data analytics market revenue would’ve reached ~$274B by 2022. This would have made manufacturing as one of the top 3 industries with largest analytics growth. Manufacturing analytics is one of the critical steps for manufacturing digital transformation required for Industry 4.
Why is Manufacturing Analytics a $6T Opportunity in 2024?
There has been sustained excitement about IOT and the data capabilities it will bring to industry. In 2013, McKinsey&Company had predicted that IOT would bring $3-6T economic impact in 2025.