3 industries saving billions with cognitive machine learning

Natural human flaws can have severe impacts on business with lasting damage – 82% of operational asset failures are attributed to human performance. Indeed, a recent study by ARC Advisory Group found that the global process industry loses up to $20 billion a year due to unscheduled downtime – or $12,500 hourly, on average. However, machine learning is helping eliminate these costly flaws and is helping transform the manufacturing industry. This technology, along with others like big data analytics, are able to predict if and when something will break – cancelling the possibility of costly downtime. See also: Anticipating downtime will be business' next competitive advantage Seth Page is a cognitive computing veteran and industrial IoT pioneer based in Washington DC, and is CEO and co-founder of DataRPM, a Progress company.