5 Exciting Ways Companies Use Machine Learning

Caterpillar, a company that manufactures marine power systems, uses IoT and machine learning to uncover patterns in equipment and device data. In one example, Caterpillar identified that fuel meter readings were correlated with the amount of power used by on-board refrigerated containers. They use that data to optimize operating parameters by modifying generator output. The resulting savings was $30 per hour, or $650,000 over a year, for 50 ships.