The nominal price of steel, for example, has increased by 167% since the turn of the century while energy costs have climbed more than 2.5 times their prices in 20001.
In order to be more efficient while managing tight margins, manufacturers have begun exploring digital transformation solutions such as Artificial Intelligence (AI) and Machine Learning (ML). These technologies help factories unlock previously hidden opportunities while helping solve problems faster than ever before. Getting started with these initiatives, however, remains a challenge.
In this eBook, we will explore the concept of Prescriptive AI: a data-driven process that helps manufacturers discover new ways to reduce costs and increase productivity.
You’ll learn the fundamentals of a digital transformation journey and the benefits of starting quickly to give you a competitive edge. Time is an asset you can’t get back, so it’s critical to start collecting valuable data today. We hope this eBook helps you gain a better understanding of how to get started.