2020 State of AI-Based Machine Vision

Of the many use cases in manufacturing, visual inspection—a task that involves using human eye or machine vision to verify if a product is free of defects or if parts are correctly assembled—is well-suited for AI. According to a study by McKinsey & Company, AI-powered quality inspection can increase productivity by up to 50% and defect detection rates by up to 90% compared to manual inspection.

Given these benefits, have businesses started using AI in visual inspections? If so, what is the level of adoption, and what are the challenges? These questions and more drove Landing AI, an industrial AI company, and the Association for Advancing Automation to launch this survey on the state of AI-based machine vision.

The survey polled 110 companies from the manufacturing and machine vision industry with both multiple and single choice questions. Respondents who took the survey perform a variety of roles and include C-suite executives, automation engineers and plant managers. One main takeaway is that businesses have high confidence in the effectiveness of AI, and a growing number of companies are already using deep learning-based machine vision for automated visual inspection.

In this report, we will highlight four key findings, detail those discoveries, and provide analysis.

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2020 State of AI-Based Machine Vision

Of the many use cases in manufacturing, visual inspection—a task that involves using human eye or machine vision to verify if a product is free of defects or if parts are correctly assembled—is well-suited for AI. According to a study by McKinsey & Company, AI-powered quality inspection can increase productivity by up to 50% and defect detection rates by up to 90% compared to manual inspection.

Given these benefits, have businesses started using AI in visual inspections? If so, what is the level of adoption, and what are the challenges? These questions and more drove Landing AI, an industrial AI company, and the Association for Advancing Automation to launch this survey on the state of AI-based machine vision.

The survey polled 110 companies from the manufacturing and machine vision industry with both multiple and single choice questions. Respondents who took the survey perform a variety of roles and include C-suite executives, automation engineers and plant managers. One main takeaway is that businesses have high confidence in the effectiveness of AI, and a growing number of companies are already using deep learning-based machine vision for automated visual inspection.

In this report, we will highlight four key findings, detail those discoveries, and provide analysis.

View Now

Choosing the right UPS battery backup for network closets and IDF applications

Network closets and intermediate distribution frames (IDF) are critical parts of IT networks, but they're often scattered about.

Selecting the right UPS battery backup for your network closet or IDF can be a confusing process. This uninterruptible power supply (UPS) buying guide is designed to help you properly plan so you can make your IT network more resilient and reliable.

This Eaton guide with 10 thoroughly explained buying tips will help you select the right UPS battery backup.

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Important considerations when buying and installing a UPS

All uninterruptible power supply (UPS) models are not created equal, nor are their installation requirements.

Large, mid-range modular and smaller plug-and-play models may all have individual considerations. Requirements can also differ among UPS backup topologies and deployment methods. If you're preparing for UPS installation, this best practices guide with 10 considerations will help ensure that the process goes smoothly.

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Choosing the right UPS battery backup for network closets and IDF applications

Network closets and intermediate distribution frames (IDF) are critical parts of IT networks, but they're often scattered about.

Selecting the right UPS battery backup for your network closet or IDF can be a confusing process. This uninterruptible power supply (UPS) buying guide is designed to help you properly plan so you can make your IT network more resilient and reliable.

This Eaton guide with 10 thoroughly explained buying tips will help you select the right UPS battery backup.

View Now

Important considerations when buying and installing a UPS

All uninterruptible power supply (UPS) models are not created equal, nor are their installation requirements.

Large, mid-range modular and smaller plug-and-play models may all have individual considerations. Requirements can also differ among UPS backup topologies and deployment methods. If you're preparing for UPS installation, this best practices guide with 10 considerations will help ensure that the process goes smoothly.

View Now

Back Office Automation Starts with IT: Digitizing Financial Services with Low-Code Platforms

Financial institutions today operate between three distinct worlds: the front-office, middle-office, and back-office. While each office is a vital part of the organization, the amount of investments for each could not be more unbalanced. The front-office receives a significant amount of resources, and understandably so, as financial institutions aim to keep up with consumer expectations and compete with fintech companies. Unfortunately, it means the middle- and back-office fall lower and lower on the priority list, leaving the IT team struggling with limited resources, staff, and budget.

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The Need for Speed: Automating Manual Processes

Today, business has become increasingly global, sophisticated, and complex ­­­ accelerating the pace of operations and response times. The need for speed is a must. To be quick and agile, organizations are increasingly seeking to automate their operations. Yet, how this be accomplished at scale and within a timely manner?

Read The Need for Speed: Automating Manual Processes and learn how low ­code platforms like TrackVia enable you to create custom workflow applications that are mobile ­ready and IT­ approved within weeks. Download the paper now.

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Don’t Let Legacy Systems Limit Digitization, Extend Them Instead

When it comes to overcoming the challenges posed by legacy systems and addressing the the need for next generation capabilities like digital and mobile workflows, most organizations stop short. Adapting existing technological infrastructure to meet business needs can take months, sometimes years, and hundreds of thousands (even millions) of dollars.

So now what?

Download Don’t Let Legacy Systems Limit Digitization, Extend Them Instead and learn how you can still easily leverage your legacy systems and get the next generation capabilities you need to take your business to the next level.

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Giving Up on Digitization Initiatives

A Survey of Operations Executives

6 reasons why operations executives give up on digitization.

Digitization means finding solutions that solve for both manual processes and legacy systems, but digitizing with or without IT’s involvement is risky, costly, and time ­consuming. It’s no surprise operation executives are giving up. In fact, 58% are reverting back to manual processes.

TrackVia surveyed over 200 enterprise operation executives in March of 2019 to discover why operations teams are unable to evolve.

Download Giving Up on Digitization Initiatives: A Survey of Operations Executives to learn more about their experience and why there’s light at the end of the tunnel.

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Digitizing Banking Back Offices with Low Code Platforms

Modernizing the Back­ Office: Digitizing Financial Services with Low Code Platforms.

Banks today operate between two distinct worlds of back­ office and front­ office operations. Yet, most banks focus on optimizing the front­end customer experience. Oftentimes, this creates even more back­office manual processes.

On average, retail banks today have between 300 and 800 back­ office processes to manage and monitor. These processes leave the back ­office staff to deal with redundant tasks, excessive manual processing, and slow response times. This is why digitizing back­ office processes have the most potential on making monumental impact to the business.

Download Digitizing Banking Back Offices with Low Code Platforms and learn how easily you can digitize back ­office processes in weeks with low ­code platforms like TrackVia. TrackVia helps banks improve operations, customer experience, as well as data quality and accessibility.

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Deliver a Winning Lending Experience

With more twists and turns and “go back to start” than a game of Chutes and LaddersⓇ, it’s no surprise customers are looking for alternatives to the traditional mortgage process. Changing customer expectations combined with lower margin and price compression have driven digital transformation strategies across the industry. The next stop? The back office.

“The second digital revolution will focus on the back office to lower the cost for processing and underwriting.”

With a measured approach to automating middle and back office processes, lenders can: improve the customer experience, increase asset quality while mitigating risk, simplify regulatory compliance, increase efficiency, and contain costs.

Download Deliver a Winning Lending Experience now to learn how industry leaders like Stearns Lending are digitizing their back office operations to grow their bottom line.

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Banking on Automation for a Better Back Office

Financial institutions are counting on banking operations to help transform them into the bank of the future. But, most bank back offices still have between 300 and 800 back ­office processes to manage and monitor ­­ hampering their progress and making data breakdowns are inevitable. As a result, banks can’t bring new offerings to market quickly, and still deliver disjointed experiences that leave consumers unfulfilled.

It’s time for a better way to approach back office automation.

Download Banking on Automation for a Better Back Office and learn how digitizing your back office processes with a workflow platform allows you to:

  • Automate data collection to reduce errors and standardize your data
  • Digitize work flows to speed up end ­to­ end processing
  • Reduce operating expenses and improve the cost ­basis of consumer offerings

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Five Cloud Deployment Mistakes That Will Cost You

With lack of visibility into how cloud resources are utilized, it's easy to make costly mistakes. This paper covers five network-related cloud deployment mistakes that you might not be aware of that can negate the cloud benefits you’re hoping to achieve.

Topics discussed in this whitepaper include:

  • The risks and costs associated with redundant cloud-based services.
  • The importance of avoiding “hair-pin” traffic routing scenarios when configuring cloud services.
  • How to minimize costs by minimizing unnecessary inter-region traffic.
  • Understanding the network behavior of cloud services and taking advantage of basic optimization, configuration, and compression opportunities.
  • Recommendations for reducing Internet content delivery costs.

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The State of Network Management in 2018

Businesses rely on their networks for nearly every aspect of their operations. If packets don’t move, users and customers are directly impacted and revenue doesn’t flow.

Read the results of Kentik's survey of networking industry professionals and review how organizations are addressing their network management challenges including:

  • How network professionals assessed their organizations’ readiness to tackle networking automation and advanced networking/security analytics.
  • Why user experience and data breaches are among the top network worries.
  • How the proliferation of tools for managing networks and improving cloud visibility is impacting the enterprise and which technologies are most commonly deployed.

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