Manufacturing
AI, Machine Learning (ML) and Econometrics are changing the Manufacturing industry in many ways:
- Reduce inventory holding costs, and increase the productivity of inventory analysts.
- Applying analytics to data can dramatically Improve efficiency and product quality.
- Formulate predictions regarding asset malfunction. This can reduce costly unplanned downtime.
- AI algorithms, Machine learning and Econometrics can be used to notify of emerging production faults that may cause product quality issues
- AI algorithms, Machine learning and Econometrics can be used to formulate estimations of market demands (using features such as socioeconomic and macroeconomic/microeconomic factors, weather patterns, political environment, consumer behavior and more. This information can help optimize staffing, inventory control, energy consumption and the supply of factors of production.
DeepBaobab.ai helps manufacturers use all relevant data to develop AI, machine learning and econometrics models that will generate predictive insights. This addresses important goals such as inventory stock reduction, inventory holding cost reduction, production faults prediction and market demand estimation.