The Silversparro Team, visited a large steel mill to study its processes that make it successful and profitable. To our surprise, for every process and group of workers there were a dozen pairs of eyes supervising and monitoring them closely. At the time, when we expect every part on the factory floor: machinery, equipment and processes to be fully automated, manual operations still dominate.
What is Industry 4.0? Nowadays, machines are using the Internet of Things(IoT), Cyber-Physical System(CPS), artificial intelligence, cloud computing, video analytics and other digital technologies to communicate with each other and make informed decisions, independent of humans. This phenomenon was already coined Industry 4.0 in 2011 by the German federal government.
“Indian authorities are developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China” reports Quint. Other than helping companies with land acquisition, the government also plans to provide access to sources of water, power and roads at ease. With its maritime location, the Southern part of the country is already equipped with Ports and connectivity via sea-routes.
Revolution in Video Analytics is no different. Traditionally, CCTVs were being used for live surveillance by a security team or for post-event analysis.
With the birth of video analytics, the manufacturing industry is on its way to a new face. The new combination of AI and manufacturing promises a better, more efficient and hassle-free operating environment in factories.
With the Advent of the internet into every sphere of our lives, more commonly known as the Internet of Things (IoT), video analytics is gaining a strong ground too. The security measures applied to almost every corporate and non-corporate setting involve the use of video analytics.In simpler terms, video-analytics is the love child of video and IoT.
It is no secret that today industries like banking, retail, and gaming rely highly on artificial intelligence. Now the race is being joined by manufacturing as well. With this, industrial automation is becoming more and more of a possibility today.
Manufacturing is amongst those few industries that continue to grow throughout the various stages of the economic cycle of the market.As per an article by Dave Prager on artificial intelligence (AI) and manufacturing, manufacturing accounts for approximately 15% of the global GDP and amounts to roughly $12 trillion in yearly revenues. And that is HUGE.
More than 130 Million containers are shipped every year – transporting goods from all corners of the earth. Tracking these containers through logistics facilities such as ports, warehouses, ICDs, CFS, etc. is still a major challenge.
We, being techies, believed that with digitization revolution of the past 20 years along with recent IoT revolution – we would find shop floors utilizing artificial intelligence and being fully automated or on the verge of being so.
Indian manufacturing is the 5th largest in the world and is projected to touch 1 Trillion USD in a couple of years, but the dream is to be the Global Manufacturing Leader.
Software Ate the World, Now AI Is Eating Software. Traditionally, enterprise software was mostly sold as a service – where service providers used to charge for the time it took the software developers to first develop and then maintain a custom solution for a client.
Video analytics is an AI-powered solution which helps supervise the processes in a manufacturing unit even while being remote. It helps manufacturers and supervisors identify outliers in the outputs and deviations in the process and rectify them effectively.