Factories Of The Future Need AI To Survive And Compete

Prabir Chetia, Head of Business Research and Advisory at global analytics firm Aranca, details the current dilemma faced by many manufacturers around the world: “Energy costs among makers of electronic products can reach as high as 45% of the overall production costs. A significant amount of energy usage is redundant and can be easily avoided. In the food processing industry, supply chain bottlenecks can even result in 40 to 50% of dry crop matter getting wasted due to spoilage.”