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Strategies for realizing technology ROI in manufacturing

West Monroe

trillion by 2026—representing a 57% increase from 2023. ” What’s more, 20% expect investments in artificial intelligence (AI) to increase by at least 50%. Expectations for return on investments are high. This doesn’t always create a return on investment—and in some cases works against it.

ROI 52
article thumbnail

Strategies for realizing technology ROI in manufacturing

West Monroe

trillion by 2026—representing a 57% increase from 2023. ” What’s more, 20% expect investments in artificial intelligence (AI) to increase by at least 50%. Expectations for return on investments are high. This doesn’t always create a return on investment—and in some cases works against it.

ROI 52
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Predicting new and existing product sales in semiconductors using Amazon Forecast

AWS Machine Learning

In this post, we demonstrate how NXP, an industry leader in the semiconductor sector, collaborated with the AWS Machine Learning Solutions Lab (MLSL) to use ML techniques to optimize the allocation of the NXP research and development (R&D) budget to maximize their long-term return on investment (ROI).

Sales 87
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Establishing an AI/ML center of excellence

AWS Machine Learning

As maintained by Gartner , more than 80% of enterprises will have AI deployed by 2026. Value delivery Manage the AI/ML initiative return on investment, platform and services expenses, efficient and effective use of resources, and ongoing optimization. Setting KPIs and metrics is pivotal to gauge effectiveness.