Manufacturing Industry Raw Materials Cost Reduction with Artificial Intelligence Solution

Manufacturing sector has a bright and highly profitable future. But the high cost of raw materials is number one concern seeking a solid solution. Leading manufacturers in steel, chemical and other verticals are the early adopters of AI for reducing cost of raw materials.

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How do you generate more revenue by analyzing unstructured data

Unstructured data in simple words refers to that data which cannot be stored in a database or organised in any possible manner hence, becomes difficult to search and analyse. The significant amount of generated data (pdfs, word docs, excel sheets, log files,  audio, video, and images) falls under this category. They are generated on a daily basis across the value chain in an uneven or raw format that cannot be easily managed even with advanced ERP systems.

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Action Plan for Manufacturing Industry to Boost Operational Efficiency Amidst COVID-19 Chaos

COVID-19 impact on the operational efficiency of the manufacturing industry is not at all inspiring. The industry must explore options before the uncertain effect becomes a hard nut to crack.The worldwide lockdown means people driven processes in manufacturing units like inventory management, raw material procurement, regulatory compliance have been badly hampered. 

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