Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc... ...
Full BioNand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc...
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Shining Up a Rusty Industry with Artificial Intelligence
- Demand prediction: Big River succeeds by using capital wisely, so it needs to accurately predict demand for steel. It employs machine learning models using macroeconomic data, historical demand for steel, manufacturing activity, and the activity of large steel consumers.
- Sourcing and inventory management: Big River's raw material is scrap, so it needs to predict the availability. Noodle.ai has produced a â??scrap indexâ?? and is working with Big River on a hedging approach for buying scrap steel.
- Scheduling optimization: What to produce, when is an important decision for any steel mill is particularly critical when one of its most important inputs is electrical energy. This is exactly the case with Big River. The optimization models help in maximizing energy consumption at off-peak times and thus minimizes energy costs.
- Production optimization: All steel mills have unplanned events such as, breakouts and cobbles. These events reduce production and are costly as well as dangerous. Machine learning models can predict when they are most likely to happen and minimize their occurrence.
- Predictive maintenance: Big River uses machine learning models to identify the optimal times for maintaining key machines and equipment with an increase in industries.
- Outbound Transportation Optimization: Big River works with customers and shippers to minimize the costs of outbound transportation and to optimize delivery windows for customers.