In the operationally crucial landscape of warehouse and logistics management, the adoption of sophisticated automation technology remains modest, with only 10% of warehouses leveraging advanced solutions. However, the future trajectory is poised for significant transformation, as McKinsey research forecasts a steady annual growth rate of 3 to 5 percent in warehouse automation investments until 2025.
Continue reading7 predictions for headlines from the production line in 2024
As we stand on the cusp of 2024, the manufacturing landscape seems poised for a transformation, driven by emerging technologies, and industry dynamics.
Continue reading5 Technologies Accelerating Computer Vision Adoption in 2024
The year 2024 unfolds as a pivotal juncture for Computer Vision, propelled by an accelerating wave of transformative technologies. The Computer Vision market is set to surge at a CAGR of 11.69% from 2024 to 2030 to hit a staggering market volume of US$50.97 billion.
Continue readingWhat Can We Expect in the World of Computer Vision in 2024 and beyond?
Powered by deep learning technologies, computer vision (CV) presents immense business potential in areas like video surveillance, high-quality product manufacturing, and autonomous vehicles. Besides computer vision, the year 2023 has paved the way for exciting technologies to the mix, like Generative AI.
Continue readingTop 4 ways in which Generative AI is taking Computer Vision Applications to the Next Level
There’s a growing synergy between Generative AI and Computer Vision (CV) and we couldn’t be happier!
According to a March 2023 survey by Salesforce, 57% of IT managers termed Generative AI as a “game changer.” Generative AI applications are proliferating as innovators try to tap its awesome potential. Many of these applications marry generative AI’s power with other established technologies. A Salesforce survey found that 67% of respondents think Generative AI can help them leverage more out of other technologies.
Continue readingThe Coming of Industry 5.0 (and a Possible Role for Computer Vision)
Right from the 18th century, the global manufacturing industry has always been at the forefront of process-driven innovation. The coming of Industry 4.0 marked a step in the same direction, this time by harnessing the power of technology.
Continue reading6 Things Retail Organizations Can Do to Keep Their Workers Safe and Happy
In the retail world, every moment counts and every customer interaction matters. But in the hustle and bustle of daily operations, it’s never advisable to take the eye off the ball when it comes to worker safety. The safety and happiness of workers must be paramount at all times. OSHA definitely seems to think so.
Continue readingTop 4 Trends Impacting the Practice of Industrial Engineering
The deeply influential branch of industrial engineering focuses on the design, development, analysis, and optimization of complex processes and systems. The goal of industrial engineering is to improve upon products and system design to optimize them for performance, safety, efficiency, and ultimately, costs.
Continue readingNext-level Industrial Engineering – Now with Computer Vision
Rising inflation, material costs, and supply chain volatility are making growth extremely sluggish for the manufacturing sector. As businesses look to keep pace with market trends and respond quickly to customer demands, labor shortages and a legacy tech ecosystem act as the biggest roadblocks.
Continue readingThe Top 8 Enterprise Automation Application That Can Be Enhanced with Computer Vision
In 2022, McKinsey outlined that the number of AI capabilities organizations have been leveraging has doubled from 1.9 in 2018 to 3.8 in 2022. Computer vision is one of the leading capabilities alongside robotic process automation that enterprises worldwide have commonly deployed.
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