TAYA is very honored to be invited to give a speech at the forum held by Industrial Development Bureau and Metal Industries Research & Development Centre on Dec.8, 2021. At this forum, TAYA shared the results of digital transformation to the industry.
The COVID-19 pandemic has accelerated the pace of digital transformation to the enterprise. Also, there has been a rise in the price of raw materials. Therefore, TAYA has been dedicated to using digital transformation to enhance operations since this year. TAYA established an AI platform to analyze the price volatility of raw materials. With this AI analysis, TAYA can well know the price volatility. The result of digital transformation turned out to be 2 to 5% decreases in the cost of stock preparation.
Otherwise, TAYA also optimized production planning with AI software, applied to monitor and control the production line. There has been a successful improvement in productivity, reaching 10% reductions in machine downtime.
TAYA will continuously enhance operations and uncover new opportunities for sustainability, efficiency, and productivity. In the near future, TAYA hopes to become the leader of digital transformation in the metal industry.