City
Epaper

'Many firms moved to industry use of AI-based systems in 2019'

By IANS | Published: December 23, 2019 4:46 PM

Many companies across the world moved from an experimental stage to the industrial introduction of systems based on artificial intelligence (AI) and machine vision in 2019, Finnish-Russian digital solutions provider Zyfra said on Monday.

Open in App

In a statement following a workshop on AI at the Russian Association of Industrialists and Entrepreneurs here, Zyfra said the workshop deliberated on the commercial applications of AI and Industrial Internet of Things (IIoT).

According to Zyfra senior consultant Ekaterina Lyapina, many companies across the world moved from the experimental stage to the industrial introduction of systems based on AI and machine vision in 2019.

"A"tificial intelligence techniques help to solve such problems as optimal equipment control, raw materials consumption and quality checking. The relatively new area of computer vision is gaining popularity in industrial robotics and autonomous systems areas like cars, unmanned aerial vehicles and ships," "he said.

"T"e main barrier for commercial projects is a lack or absence of data which correctly describes undergoing process," she added.

The statement said that an analysis of scientific projects and commercial rollouts conducted by research organizations and companies from 27 countries showed that India has made it to the top 10 countries in this regard. The largest number of publications are in the US, China and Germany.

Zyfra achieved $3 million in contracts with its Indian counterparts in 2018, facilitating industrial manufacturers with AI and IIoT-based solutions.

Earlier this month, the Odisha-based operator TSMPL awarded Zyfra a contract to implement an 'intelligent mine' solution at the NTPC's Pakri Barwadih coal mining project in Jharkhand.

( With inputs from IANS )

Tags: indiaThe Russian Association Of Industrialistsntpc
Open in App

Related Stories

InternationalIndia-Bound Andromeda Star Oil Tanker Hit by Missiles in Red Sea, Say Yemen’s Houthis

BusinessHeatwave Impact: Vegetable Prices to Stay High Until June in India due to Above-Normal Temperatures

NationalWeather Update: IMD Predicts Heat Wave Conditions for East and South Peninsular India Over Next Five Days

NationalLuna Crater in Gujarat Confirmed as Meteorite Impact Site by NASA Studies

HealthHow climate change impacts transmission of malaria

कारोबार Realted Stories

BusinessRBI directs review of unfair interest practices by financial institutions

BusinessGovt bonds worth Rs 28,000 crore coming up for auction on Friday

BusinessManipal Hospitals clinches deal to acquire Kolkata's Medica Synergie

BusinessPNB Housing Finance registers 57 per cent surge in net profit at Rs 444cr for Jan-March quarter

BusinessIndia largest source of foreign direct investment in Nepal, contributes to economic growth