The COVID-19 pandemic has increased the focus on the use of artificial intelligence (AI) across the life sciences organization, from R&D to manufacturing, supply chain, and commercial functions. During the pandemic, company leadership and management realized that they could run many aspects of their business remotely and with digital solutions.
AI Manufacturing Startup Drishti Raises $25 Million To Go Global
Try to think of the top manufacturing startups today, and you might struggle to name one. While some companies leverage manufacturing to achieve futuristic ideas such as redesigning living organisms or colonizing Mars, few have turned their attention to the heart of the process: factory floors. “Manufacturing is the most unsexy space for anybody to be in,” admits Prasad Akella. “It takes deep conviction on the investors’ part to want to put money in this space. Silicon Valley has walked away from manufacturing for the last 20 to 25 years.”
The 10 Most Valuable Metrics In Smart Manufacturing
43% of manufacturers had smart factory projects underway in 2017, growing to 68% this year, according to the new Smart factories @ scale Capgemini survey. Capgemini found that discrete manufacturing leads all other segments in its planned transition to smart factories by 2024.
How Machine Learning Improves Manufacturing Inspections, Product Quality & Supply Chain Visibility
Manufacturers’ most valuable data is generated on shop floors daily, bringing with it the challenge of analyzing it to find prescriptive insights fast – and an ideal problem for machine learning to solve.