is expecting a swift payback on its investment of over $30 million on digital manufacturing technologies over the last two and a half years.
“If you’re going to invest $5 million [on a use case], you’re likely to get back $5 million a year in savings on a one-year payback … certainly less than two years,” Mr Garey toldThe current digital transformation program is a step change following an era of cost-cutting from 2008 to 2017, when BlueScope decided digital solutions would be critical to the future of the business to improve its processes and reduce emissions.
In both cases, the machine learning algorithm analyses multiple complex data streams to predict the results of BlueScope’s physical tests. “This data has never been available from our video footage previously without manual review. We are also developing use cases to improve worker safety and improve production reliability,” he said.
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