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

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

Potential Vendors