How Machine Learning is Transforming Industrial Production

One question that often gets asked about machine learning is how many industrial applications we can name for it. Machine learning is not a device you can plug into a production line and make the production line operate better than it did before. Machine learning is a process that needs inputs from many devices to feed data to it so that data can be collected, evaluated, and used to develop knowledge about how a production line produces the products and parts it does. That knowledge can then be used to determine how production line can have a higher throughput of parts, operate at a lower cost, and run more reliably. In that way, machine learning transforms an industrial operation into a system of systems that can get products to market faster at a lower cost so the company that owns it can remain competitive in its market and keep their customers happy by delivering the products they want. If you're going to put a label on that application of machine learning, it's a higher profit margin that will create more innovative products to make the customers even happier.