AI Use Case
Predict outcomes more efficiently by using fewer experiments to reduce research costs
Predict outcomes using fewer experiments to reduce experimental R&D costs. Examples would include simpler component testing and using models to minimise the requirement for expensive and time-consuming track testing.
Function
R And D
Core Research And Development
Benefits
Cost - Reduce wastage,Cost - Targeted Trials/ Precision testing,Operational - Faster system build / test / deploy
Case Studies
Formula 1~Formula 1 aims at achieving smarter project management and streamlining the R&D process with the use of machine learning,Pandora~Pandora plans to predict artist success rates and identify effective marketing strategies using machine learning
Potential Vendors
Industry
Consumer Goods And Services
Automobiles And Parts
Data Sets
Structured / Semi-structured,Time series,Images
AI Technologies
ML Task - Action Selection - Reinforcement Learning ,ML Task - Prediction - Regression,ML Task - Prediction - Binary Classification,ML Task - Prediction - Multi-class Classification