AI, Machine Learning & Modern Manufacturing Productivity | EBN

Forecasting demand
Piggybacking off operations, predictive analytics and AI will save manufacturers a great deal of time when forecasting demand for new machinery and parts. Excel spreadsheets may have been the way of yesteryear for handling inventory and managing distribution. But now, thanks to predictive analytics and machine learning, these tasks have never been more informed and dynamic.

Keeping tabs on where inventory is needed – along with finding the best price – can be a painstaking task. However, manufacturers can leverage predictive analytics and AI to completely automate these processes. This will allow them to devote more time to other areas of the business, and dynamically change pricing and stock levels based on market conditions to get the best results.

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EBN – Gary Brooks – AI, Machine Learning & Modern Manufacturing Productivity.