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1/8
Precision Agriculture
2/8
Crop Health Monitoring
3/8
Predictive Analytics for Yield Prediction
4/8
Predictive Equipment Maintenance
5/8
Automated Machinery
6/8
Supply Chain Optimization
7/8
Genetic Crop Improvement
8/8
Climate & Environmental Monitoring
01
Between 20% to 40% of global crop production is lost to pests annually. Each year, plant diseases cost the global economy around $220 billion, and invasive insects around $70 billion, according to the Food and Agriculture Organization of the United Nations.
02
Climate change may affect the production of maize (corn) and wheat as early as 2030 under a high greenhouse gas emissions scenario, according to a new NASA study published in the journal, Nature Food. Maize crop yields are projected to decline 24%, while wheat could potentially see growth of about 17%.
03
For this report, U.S. PIRG Education Fund and National Farmers Union surveyed 53 farmers across 14 states. The study found that 53% of the farmers had lost crops because of downtime after a tractor or combine breakdown. Roughly one in three farmers surveyed fear losing their family farm to such a breakdown.
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1/8
Personalized Customer Experiences
2/8
Inventory Mgmt and Demand Forecasting
3/8
Supply Chain Optimization
4/8
In-Store Experience and Operations
5/8
Virtual Assistants and Chatbots
6/8
Fraud Detection and Prevention
7/8
Loss Prevention
8/8
Market Trend Analysis
01
Shrink Accounted for Over $112 Billion in Industry Losses in 2022, According to NRF Report.
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1/8
Waste Sorting and Management
2/8
Predictive Analytics for Collection Routes
3/8
Material Recovery Facilities Optimization
4/8
Waste Volume and Composition Analysis
5/8
Enhanced Customer Engagement
6/8
Smart Bins and IoT Integration
7/8
Illegal Dumping Detection
8/8
Lifecycle Analysis and Reporting
01
Plastic consumption has quadrupled in the past 30 years, and is expected to triple in the next 30. Meanwhile, global plastic recycling rates have failed to reach two digits. Less than 10% of all the plastic ever produced has been recycled.
02
On average, Americans throw away about 1,200 pounds of organic garbage each year. We only recycle about 67.2 million tons of a possible 267.8 million tons – less than a quarter of total MSW. The EPA estimates that around 75% of all waste is recyclable. Each American produces about 4.51 pounds of trash in a single day.
03
1.5 million tons of trash is illegally dumped each year in the US (source: EPA) This equates to approximately 4,109 tons of trash per day 100 million tons of trash is illegally dumped per year worldwide Illegal dumping statistics do not include cigarette butts and plastic bags Illegal dumping costs $600 per ton on average to clean up Large cities spend millions on cleanup each year.
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1/7
Predictive Maintenance
2/7
Quality Control / Defect Detection
3/7
Supply Chain Optimization
4/7
Smart Manufacturing
5/7
Energy Management
6/7
Worker Safety
7/7
Process Optimization
01
The global artificial intelligence (AI) in manufacturing market size was reached at USD 3.8 billion in 2022 and it is expected to hit around USD 68.36 billion by 2032, growing at a CAGR of 33.5% over the forecast period 2023 to 2032.
02
In the private manufacturing industry during 2020, there were 373,300 total recordable cases (TRC) of nonfatal injuries and illnesses. Of those, 135,900 had days away from work (DAFW), 108,800 had days of job transfer or restriction (DJTR), and 128,700 had other recordable cases (ORC). The total recordable case incidence rate per 100 full-time equivalent (FTE) workers was 3.1.
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1/7
Predictive Maintenance
2/7
Resource Optimization
3/7
Automated Operations
4/7
Environmental Monitoring and Compliance
5/7
Safety and Risk Management
6/7
Supply Chain and Logistics Optimization
7/7
Data-Driven Decision-Making
01
The number of fatal injuries in the mining, quarrying, and oil and gas extraction industry rose from 78 in 2020 to 95 in 2021, a 21.8-percent increase. Fatal injuries in the industry were above 100 in the three years prior to 2020: 112 fatalities in 2017, 130 fatalities in 2018, and 127 fatalities in 2019.
02
Mining, metals, and other heavy-industrial companies lose 23 hours/month, equating to 1.2 million hours a year across the sector. At $187,500/hour, this adds up to $225 billion annually.
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1/6
Energy Optimization
2/6
Predictive Maintenance
3/6
Enhanced Security
4/6
Intelligent Building Automation
5/6
Occupant Experience and Space Optimization
6/6
Disaster Response and Management
01
METRICS TO INCLUDE: The Importance of Energy Optimization Buildings account for a whopping 40% of global energy consumption. The energy used in buildings contributes to nearly 33% of global greenhouse gas emissions. Just a 10% reduction in energy consumption could result in over $40 billion annual savings in the United States alone.
02
Predictive maintenance is highly cost effective, saving roughly 8% to 12% over preventive maintenance, and up to 40% over reactive maintenance (according to the U.S. Department of Energy).
03
American news reports often cite claims data from the National Insurance Crime Bureau, which recorded 64,000 catalytic converter thefts in 2022.
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1/4
AI-Driven Forecasting and Efficiency Optimization
2/4
Smart Grid Management and Energy Storage
3/4
Predictive Maintenance and Operational Efficiency
4/4
Enhancing Renewable Energy Adoption and Access
01
Solar has fared particularly badly, with a 95% increase in average downtime days, much more than the renewable average due to supply chain issues.
02
About 25% of wind turbine faults caused 95% of all downtime. Wind turbine reliability has improved in recent years to 98% availability. But wind turbines still fail at least once annually, on average. Larger turbines fail more often than smaller ones. The average downtime is 1.6 hours for U.S. wind turbines.
03
More than 36% of wind turbines fail less than three times; however, most wind turbines suffered five to nine failures during observation. The above conclusions may support wind farm maintenance scheduling and supplier management.
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1/7
Exploration and Reservoir Characterization
2/7
Drilling and Completion Optimization
3/7
Production Optimization
4/7
Equipment Maintenance and Reliability
5/7
Supply Chain and Logistics Optimization
6/7
Health, Safety, and Environmental Protection
7/7
Energy Efficiency and Emissions Reduction
01
The Global AI in Oil and Gas Market size is expected to grow from USD 2.67 billion in 2023 to USD 4.63 billion by 2028, at a CAGR of 11.68% during the forecast period.
02
In 2021, the rate of job-related injuries and illnesses for the oil and gas industry in the United States was 1.6 per 100 workers. This figure has been consistently decreasing during the period in consideration, aside from the most recent figure. Technology has played a major role in this reduction, and AI has the potential to decrease it even further.
03
High production or machine downtime is a growing scourge in the global oil and gas industry. An Aberdeen research found that the cost of unplanned downtimes worked out to around $260,000 every hour in 2016. When focusing on the causes of this downtime, a recent study conducted by Vanson Bourne for Service Max found that human error was the leading cause at 23%, while 70% of the surveyed companies had a complete lack of knowledge about their equipment condition.
