The trade mission in German states Rhineland-Palatinate and Saarland is designed for Dutch and German companies to explore business opportunities, expand networks and initiate innovative collaborations in light of Industry 4.0. The mission is combined with the visit of the Dutch king and queen to the German states.
Widget Brain joined this mission to introduce The Algorithm Factory and to explain why it’s a crucial part of Industry 4.0. Algorithms play an important role in Industry 4.0 to make operations more efficient, lower unexpected downtime and improve machine performance. They pave the way for autonomous decision-making, which leads to higher service levels, lower costs and new business models.
As companies implement more and more algorithms to make their decision-making autonomous, the harder it will get to train, run and manage all these algorithms. The Algorithm Factory provides the solution as it is the only platform that enables companies to automatically scale algorithms for complete autonomous decision making. It’s vital for a sustainable and scalable transition to Industry 4.0.
Want to learn more about Industry 4.0 and The Algorithm Factory? Don’t hesitate to contact us.
If you’re looking to streamline your workforce, labour demand forecasting is usually the first step you’ll look at. Algorithms can turn this step from a complex and time-consuming problem into an efficient and accurate solution. This is how.
Increasing competition, rising skill shortages and high turnover rates are tormenting the hotel industry. In order to survive, hotels have to elevate hotel experiences of their guests and provide the best possible service which is enabled by staff to survive. So, how can hoteliers enable their workforce to elevate guest experience? With AI-driven scheduling.
As more businesses collect data, opportunities for algorithms continue to increase - but only if they are built to scale. With algorithms built to scale, forecasts become more accurate, OEE improves, and profits increase for the user while other areas grow and develop.