Artificial Intelligence (AI) and Machine Learning (ML), are huge contributors in these advances and have revolutionized the way that software operates and functions for the manufacturing industry. AI and Machine Learning in ERP Systems Artificial Intelligence and Machine Learning have drastically enhanced ERP software in the following ways: 1. Simplifying Immense Data One of the […]
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According to Gartner, 85% of Machine Learning (ML) projects fail. Worse yet, the research company predicts that this trend will continue through 2022. Does this point to some weakness in ML itself? No, it points to weaknesses in the way it’s applied to projects. There are many predictable ways that ML projects fail, which can […]
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The Internet of Things (IoT) is creating a new dynamic in the industrial space, specifically manufacturing. Large manufacturing companies are moving to leverage IoT technologies and predictive analytics as a part of increasing profitability and staying competitive. In the U.S. alone, existing capital stock worth over $6.8 trillion dollars is being fitted with sensors to […]
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Sensor data plays a vital role in ensuring operational safety and efficiency in industrial operations. Sensors are deployed widely in industrial settings to measure parameters such as temperature, pressure, flow, vibration and others. The data that flows from these sensors give operators an important window into the physical states of the facility’s assets. Developments in […]
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Machine learning (ML) is becoming even more prevalent as manufacturers continue their journey towards Industry 4.0 and digitally transform their factories. It has the capacity to make production more efficient by increasing output while maintaining quality standards. ML and industrial automation in manufacturing ML and industrial automation in manufacturing promises to overcome many of the industries most pressing challenges—including […]
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What happens when technology advancements threaten to automate people’s jobs? That question is on the minds of many as research and development in artificial intelligence and machine learning rapidly advances. Recently ASU received a million dollar NSF Convergence Accelerator Grant to create autonomous systems that are not only more adaptable and efficient in manufacturing environments, […]
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In 1958 Leonard E. Read wrote an essay that was to become one of the most famous – and eloquent – treatments of free market economics. Written somewhat jovially from the first-person perspective of an inanimate carbon(-filled) rod, that essay was I, Pencil. If you haven’t read it then I would urge you to or […]
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There are an endless number of buzzwords in the technology industry at any given moment. We’ve all heard more than enough about the Cloud, the Edge and the Internet of Things (IoT) for the past several years. However, there still seems to be some confusion in the Smart Manufacturing industry about how these three terms […]
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Connected technology is ushering in a new era of smart cities, which promises to improve the quality of life for billions of people around the world. Smart cities — which are using technology to make urban areas safer, more efficient, and more livable — represent the transformative power of the Internet of Things. Now, as […]
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The last two and a half centuries have brought about stunning changes in industrial productivity. With each passing generation, new and more advanced equipment and methodologies have arrived on scene to push production capabilities to new heights. And as each new methodology or technological advancement has matured, the quest for greater operational efficiency has honed […]
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Machine Learning Requires a Systematic Approach to Systems, Architecture, and data. Developing Machine Learning analytics yields immediate and long-term benefits. 1. Make Machine Learning Part of a Modernization Strategy After decades in research labs, machine learning is now getting enormous attention for real-world applications that harness the technology’s formidable power to discern patterns in huge quantities and […]
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Machine learning enables organizations to harvest a higher volume of insights from both structured and unstructured data than they could otherwise accomplish with traditional business intelligence solutions. 1. A New Dimension in Predictive Analytics In today’s economy, all business is becoming data business. In a study conducted by Forrester Consulting, 98 percent of organizations said that […]
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