The Industrial Internet of Things (IIOT) is bringing us the factories of the future with the implementation of AI to help optimize and scale operations through predictive maintenance, improved safety amongst others.
VTT's proof of concept demo showed that a range of sensors or smart identifications can be added to 3D printed metal parts during manufacture, in order to track the performance and condition of machines or devices, or verify the authenticity of the parts.
Steel mills are rich in data, and learning algorithms only get better as they learn. Steel mill owners stand to improve their quality and margins dramatically from AI investment. AI can also reveal unexpected business opportunities as well as operational efficiencies.
Many businesses are already using continuous monitoring technologies - like Internet of Things (IoT) connected devices - which is a good start; but the key lies in not just simply monitoring the output of various data (which is how many companies use it today), but by taking the next step and employing advanced algorithms and machine learning to take action from real-time insights and anticipate future outcomes.
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