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The year 2023 witnessed a surge in artificial intelligence adoption, with 79% exposed and 22% already integrating it into their work, as per a McKinsey survey. The focus on Industry 5.0 emphasizes collaboration between humans and technology, where AI is considered just another tool. BinMaster, a key player, highlights the importance of human-centric design in sensor and software technology for efficient decision-making. Their BinCloud software, designed with people in mind, organizes and interprets data, making big data actionable. The European Commission defines Industry 5.0 values as human-centric, resilient, and sustainable, aligning with goals for human-centric instrumentation. This approach involves replacing manual tasks with automation, exemplified by level sensors, BinCloud software, and other innovations. The overarching goal is to enhance efficiency, reduce physical work, and empower individuals to make informed decisions in a rapidly evolving automated landscape.
Not long ago, bulk material management involved dirty clipboards, dangerous climbing, and long tape measures to determine grain, plastic, and cement levels in a bin or silo. Enter digital transformation which replaces antiquated processes using high-tech instruments like BinMaster level sensors and cloud software.
Digital transformation improves supply chain resilience, automation, accuracy, and efficiency, benefiting people effectively collaborating in a digital system.
BinMaster technology fits into the category of Internet of Things (IoT) which describes a wireless network of devices embedded with sensors for the purpose of connecting and exchanging data.IoT is automating manual tasksin the manufacturing industry.
IoT inventory sensors and software: > Provide insights for data-driven decisions. Increase efficiency and drive down costs > Shorten lead times for production > Reduce carrying costs and last-minute purchases > Reduces waste on bulk inventory that could spoil > Integrates inventory data to Enterprise Resource Planning systems > Streamlines transportation and timely ordering > Requires less labor and guesswork
There’s money to be made through smart supply chain strategies like procurement optimization, material aggregation, and strategic sourcing. During the past 30 years, total global material consumption has increased by 80% and is projected to reach 180 billion tons of different materials by 2050.
“We’re engaged with industries using predictive data,” said Conrad Woerner, BinMaster Supply Chain Manager. “If a company can access its bulk material needs and realize just 1 or 2% waste reduction, or create an ordering rhythm to purchase at a lower price point, it could create millions of dollars return on investment.”
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