Manufacturing accounts for more than half of the world’s total Gross World Product (GWP) at $40 trillion, but 20% of every dollar spent goes to waste, according to manufacturing optimisation company Instrumental.
This represents a problem worth $8 trillion, or 10% of the GWP. Founded in 2015 by former Apple engineers, Instrumental has developed an optimisation and inspection platform combining cloud software, machine vision inspection, artificial intelligence (AI), and electronic test data that aims to reduce waste by enabling engineers to not only stop problems at the end of the inspection line but to fix them upstream as well.
