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Due to technological advancements, automakers are uniquely positioned to benefit from an industry-wide transformation. Technology now allows a direct connection between car manufacturers and the customers who purchase those cars. Such a relationship has never before been possible in the history of the automotive industry.

A paradigm shift is happening in the manufacturing industry. Advancement in big data and machine learning is changing traditional manufacturing processes into the era of intelligent manufacturing. The concept of what gets called "industry 4.0" encourages the use of smart sensors, devices, and machines – going beyond the motives of collecting data about production. 

This article is sponsored by Arkestro, and was written, edited and published in alignment with our transparent Emerj sponsored content guidelines.

The manufacturing industry has changed in recent years. Humans on the shop floor have always used their senses and experience to anticipate machine failure before it occurs. Now, AI can be used in conjunction with human expertise.

While the steel industry may not be synonymous with AI adoption, steel manufacturers are not different from any other business in ensuring efficiency in their output and throughput. There are almost certainly opportunities for AI implementation across an industry worth hundreds of billions of dollars that currently lags behind in adopting AI technology.