The healthcare industry is undergoing a radical digital transformation, with hospitals adopting smart technologies to drive innovation and deliver better patient outcomes. According to IDC, global digital transformation spending is projected to be $3.9 trillion by 2027, with the healthcare industry expecting a five-year compound annual growth rate of 19%.
According to a recent study published by Towards Packaging, the global consumer packaged goods (CPG) market size is expected to hit around $3,171.11 billion by 2032. Like most every industry, CPG manufacturers face challenges in unpredictable shifts in supply and demand all the time. The solution to most of those challenges lies in intelligence.
1. Gain Full Visibility Into Production Processes
AI-powered analytics help manufacturers make better decisions. For AI initiatives to be successful, manufacturers must collect sufficient data. Using Industrial Internet of Things sensors, manufacturers can fill digital data blind spots and feed AI models with a dataset that gives full visibility into production processes. This can help them prevent unexpected disruptions, reduce unplanned maintenance and maximize equipment effectiveness. -Bryan Merckling, Thinaer
According to the World Economic Forum, the global manufacturing AI market was worth over $3 billion in 2023 and is expected to increase to over $20 billion by 2028. The use cases grow each day with new technological advancements, including automated supply chains, enhanced product quality checks, improved personnel safety and predictive machine maintenance, among many other benefits.