Calculator Determines Machine Learning Readiness

Falkonry releases its 2019 Predictive Operations Readiness Report based on the results of 300 organizations who used a calculator developed by the company to assess their machine learning and artificial intelligence (AI) readiness. The results provide a look at where companies see themselves from a maturity level and were remarkably consistent across the globe, according to Falkonry.

Among the findings:

• Predictive maintenance and quality/yield improvement are the important capabilities desired in digital transformation.
• 98% of companies expressed a medium or high industrial risk tolerance for new technologies.
• A small majority of respondents stated they collect data and have historical data sets for analysis. Private clouds led on-premises in terms of where they expect to host AI/machine learning software.
• Most company digital 4.0 efforts are being led by existing operations or engineering teams.
• 90% of manufacturing organizations have either identified a timeframe and/or budget for a pilot program.

For more information, visit: www.falkonry.com