Schneider Electric has used AI and machine learning in various sectors. In the oil and gas industry for example, AI is used for the operation of the Realift rod pump, which brings a new level of fluid recovery and cost reduction…
AI-enable cost reduction in Manufacturing
A Challenging Environment Similarly to most industries, manufacturing has to deal with fierce global rivalry, productivity, lower-priced imports, domestic cots, and productivity. Given the fact that the global economic environment remains significantly unstable, the business situation in most sectors is quite…