Read part 1 here In the True Cost of Downtime 2022 report by Siemens, the firm found that the cost of unplanned downtime is increasing. For global Fortune 500 manufacturers, they are losing 11% of their annual turnover to this problem – that’s an estimated price tag of $1.5 trillion.
Industry 4.0 and the technologies that define it are reshaping and reimagining manufacturing and its potential. They are also having, as McKinsey points out, a profound impact on people. Digital tools, says the research firm, are transforming how we ‘communicate, solve problems, and execute tasks’ and now artificial intelligence (AI)
Artificial intelligence (AI) has come of age in 2023, with multiple applications and permutations now penetrating every corner of every industry and sector. From the increasingly powerful capabilities of generative AI (GAI) to the potential of Artificial General Intelligence (AGI), this technology is transforming how industries operate, connect and collaborate.
The South African government is currently deploying over 800 members of the SANDF to Eskom power stations – at a cost of over R145-million – to try and safeguard them against rampant crime and sabotage. Last year some 2 700 soldiers were deployed – an effort that cost taxpayers some R200
In the cut-throat world of insurance, insurers must do everything in their power to gain a competitive edge, and processing claims with lightning speed is a crucial aspect of that. The modern customer demands quick and efficient service, and AI, particularly computer vision AI, has emerged as a game-changing solution.
Computer vision might share a lot of similarities with human vision, but there are vastly significant differences between the two. Human vision is an extremely complex process which is still not completely understood. Computer vision is a technological implementation of human vision that enables computers to achieve human vision capabilities.
Computer vision is considered a new innovation in IT, but for aeons, people have dreamt of creating machines with the characteristics of human intelligence. Machines that can think and then act like human beings. It’s been widely imagined in books and movies how these ideas will come to fruition in
visionAI augments your existing CCTV cameras with computer vision AI to drive improved operational outcomes.
visionAI is a proud company of the Mint Group.
