CIO OPINION
In an era where all sectors of the economy are forced to do more with less , the manufacturing industry must fully digitize by embracing the vast economic capabilities that AI can provide .
Berk Birand , CEO , Fero Labs
AI : A force multiplier revolutionizing industrial efficiencies
Berk Birand , CEO , Fero Labs , says that by leveraging AI , manufacturers can achieve unprecedented levels of productivity and sustainability – with real-world examples to highlight its impact .
AI is reshaping the industrial landscape , acting as a powerful force multiplier for manufacturing plants to get the most out of their production and the most out of their team . Yet , technological adoption has been slow , with McKinsey reporting that more than 74 % of trials never get past pilot stage . innovation , decarbonizing and optimizing these outcomes in real time .
Here ' s a detailed look at how AI is transforming traditional practices in these industries today , with real-world examples from inside the plant to highlight its impact .
In an era where all sectors of the economy are forced to do more with less , the manufacturing industry must fully digitize by embracing the vast economic capabilities that AI can provide if they are to survive and thrive .
In the steel and chemicals sectors , early adopters of AI are enhancing efficiency , reducing costs , driving
Predictive Maintenance
Companies like Tata Steel and BASF use AI to predict equipment failures by analyzing sensor data . AI models forecast the remaining useful life of components , enabling timely maintenance . Tata Steel has reduced downtime by 20 % and maintenance costs by 15 %, while BASF has seen a 25 % reduction
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