Chemicals & Materials

Machine learning technologies account for the largest market share in 2023. Machine learning algorithms have dramatically changed predictive maintenance in manufacturing. Through pre-equipment data analysis, these algorithms have shown the ability to predict potential machine failures before it has been revealed. This automated approach enabled manufacturers to efficiently plan maintenance activities, avoid unexpected downtime and maximize machine performance. Machine learning adopted for predictive maintenance represents a shift from manufacturing to operational processes, resulting in both cost efficiencies and operational reliability in manufacturing plants increases.