According to the US Department of Labor, the cumulative cost of wages, productivity losses, and administrative delays resulting from workplace injuries amounts to $161.5 billion annually.[1] Among the causal factors are the improper use of PPE—with, for instance, the construction, mining, and manufacturing industries accounting for 40% of eye injuries in workplaces alone [2]—the lack of… Continue reading Enabling Workplace Safety: AI & ML to the Rescue
Topic: AI/ML
AI Assemble! Top 7 Advantages of AI for Assembly Lines
As digital transformation has become a necessity rather than a choice across industries in recent years, the question of how traditionally labor- and machinery-intensive industries can leverage the latest technology has been raised as well. Where does manufacturing stand when it comes to the new wave of digitalization? With smart factories expected to grow at… Continue reading AI Assemble! Top 7 Advantages of AI for Assembly Lines
Digital Twins in Pharma: Shaping Next-Gen Drug Innovation & Manufacturing
Digital twins have recently seen increased adoption as process assistants in the pharmaceutical industry, providing online and real-time access to historical and current data, helping simulate future products and processes, and enabling manufacturers to gauge process efficacy. With drug manufacturing being lengthy and complex, and with attendant challenges such as declining profit margins, increasing costs,… Continue reading Digital Twins in Pharma: Shaping Next-Gen Drug Innovation & Manufacturing
What If? Optimizing Scenario Planning with AI&ML
Demand patterns, supply chains, and logistics – not only did the past couple of years highlight pressing gaps in global networks, but also exposed the fragility of traditional forecasting and planning tools. Alongside dealing with short-term operational changes necessitated by the pandemic, such as workforce planning, inventory reconfigurations, and transportation constraints, businesses have also had… Continue reading What If? Optimizing Scenario Planning with AI&ML
3 Ways to Unlock CPG Supply Chain Monetization through AI-led Digitization
A seismic shift in CPG consumer behavior In 2021, supply chain issues caused 70% of household consumers to switch brands, with 29% never switching back [1]. Despite the numerous measures taken by CPG firms, the rise in popularity of niche and D2C brands, the proliferation of e-commerce, and growing manufacturing costs have impacted cost lines,… Continue reading 3 Ways to Unlock CPG Supply Chain Monetization through AI-led Digitization
How AI is Augmenting Cybersecurity for the BFSI Industry
According to the World Economic Forum’s Global Risks 2021 report, cybercrime ranks among the top threats to the global community, alongside pressing concerns such as climate change and natural disasters, and livelihood crises. In fact, 39%, 53%, and 50.2% of the 2020 Global Risks Perception Survey’s respondents named cybersecurity failure as short-, medium-, and long-term… Continue reading How AI is Augmenting Cybersecurity for the BFSI Industry
How Can AI & ML Make Sustainability Initiatives Viable for the CPG Industry?
Did you know that if the CPG sector was to be thought of as a country, “its carbon dioxide emissions would be second only to those of China”? [1] Understandably there is growing consumer awareness about sustainability, and it is driving their purchase behavior. Consider this, “Products that claimed to have a sustainability-friendly feature accounted for 16.6%… Continue reading How Can AI & ML Make Sustainability Initiatives Viable for the CPG Industry?
Four Ways AI & ML Are Heralding the Era of Smart Tolling
Tolling is a practice that has existed for many centuries, across regions. Tolls were in use as early as the European Middle Ages. The funds collected were used to support bridge construction. Reportedly, “the fee for a horse and rider was two deniers (pennies); a wagon, four deniers; a donkey, cow, or sheep, one-half denier.… Continue reading Four Ways AI & ML Are Heralding the Era of Smart Tolling
Impact of Technology in Covid 19: The Role of Big Data, AI and Other Tools in the Fight Against Coronavirus
The coronavirus outbreak is the current common cause for concern world over. While many have recovered from COVID-19, many lives have also been lost, given that, possible vaccines are still on clinical trial at the moment. As health professionals and government administrations brainstorm and pour efforts into eradicating the disease, here is a look at… Continue reading Impact of Technology in Covid 19: The Role of Big Data, AI and Other Tools in the Fight Against Coronavirus