McKinsey May 5, 2021
Jay Agarwal, Sean Buckley, Robert Samek, Ken Somers, Michel Van Hoey, Joris Van Niel, and Ian Wells
Industrial companies are using artificial intelligence to improve plant operations. To be successful, they will need to transform their data with the help of domain experts.
Industrial companies are embracing artificial intelligence (AI) as part of the fourth digital revolution.
1 AI leverages big data; it promises new insights that derive from applying machine learning to datasets with more variables, longer timescales, and higher granularity than ever. Using months or even years’ worth of information, analytics models can tease out efficient operating regimes based on controllable variables, such as pump speed, or disturbance variables, such as weather. These insights can be embedded into existing control systems,...
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