Revolutionizing entity extraction with artificial intelligence and deep learning: an innovation of futurism

Revolutionizing entity extraction with artificial intelligence and deep learning: an innovation of futurism

At the intersection of artificial intelligence and industries lies an unprecedented opportunity to push the boundaries of efficiency, precision, and productivity. Futurism is at the heart of this intersection helping companies revolutionize processes and prepare for the future by helping them take advantage of coming-of-age technologies, including AI or AI solutions, machine learning (ML) , Internet of Things (IoT), deep learning solutions. and more.

One such transformative journey is that of a leading electrical equipment company based in Switzerland and Sweden, with the goal of optimizing its electrical installation planning process.

Navigating traditional challenges

The electrical installation planning process has been laborious for a long time. Traditionally, civil architects manually create intricate drawings over an extended period of 2-4 weeks. Containing elaborate schematics of electrical components such as lights, fans, wiring, and more, these detailed drawings serve as the basis for bill of materials creation and cost estimation.

A leading Swedish-Swiss company, looking for a path to greater efficiency and speed in its design and tender processes, was hampered by this time-consuming and error-prone methodology.

Harness the power of deep learning

Enter Futurism Technologies, an innovative AI solutions provider dedicated to shaping the future of industries through innovative AI, Machine Learning and Deep Learning technologies. Futurism implemented a transformative solution powered by AI and deep learning: entity extraction powered by deep learning and machine vision. This state-of-the-art technique interprets electrical symbols on scanned and digital building designs, autonomously identifying and categorizing the various electrical components that appear on the plans.

Also read: How AIoT is reshaping the digital world?

Experience the benefits of AI

The implementation of Futurism’s deep learning solution has not only revolutionized the Swiss-Swedish company’s electronic manufacturing business (e-FAB), but has also provided a multitude of benefits:

  • Automation: The solution leverages advanced deep learning techniques to automate the extraction of electrical symbols and corresponding equipment from designs. This drastically reduces the potential for human error.
  • Efficiency: Previously, what took 2 weeks to complete now takes just 2 hours, which is a staggering 168x reduction in time and a 400% improvement in productivity.
  • Productivity: Capable of extracting entities from Piping and Instrumentation Diagrams (P&IDs), PDFs, images, and even videos, the solution significantly increases productivity, enabling faster, more accurate, and consistent responses to bids.

Illustrating the impact with data

The company used to spend 80-160 hours (2-4 weeks) per project just extracting and listing components. Given an average of 3 weeks per project and 30 projects per year, this equates to about 4,680 hours per year.

With Futurism’s AI solution, this time was reduced to just 2 hours per project, which translates to just 60 hours per year for 30 projects. The savings in time and resources allow the company to manage more projects in a given year and redeploy its resources more effectively.

Futurism AI Solution | kundaliniresearch
Futurism AI Solution

In addition, Futurism is leveraging GenAI or Generative AI solutions along with Deep Learning, a new frontier that is making waves across industries. This technology uses advanced algorithms to create content such as images, text or music and could further amplify the potential benefits of Futurism’s AI solution. For example, generative AI could automatically design optimal electrical layouts based on predefined parameters, working in conjunction with deep learning entity extraction to streamline the entire electrical installation planning process.

Emerging Applications of Generative AI in Electrical Planning

Generative AI, a subset of artificial intelligence that employs machine learning models to produce content, is poised to disrupt various industries, including electrical planning. An excellent example of the usefulness of generative AI is design optimization. This AI technology can be trained to generate optimal electrical layout layouts based on pre-defined parameters such as space utilization, energy efficiency, safety standards, and more.

Also read: How GenAI is transforming the future of business?

Imagine the integration of generative AI and Deep Learning based entity extraction solution. Once the AI ​​identifies and classifies all the electrical components in the existing design, the generative AI could generate an optimized design, incorporating the learned entities. Such a futuristic solution would not only ensure a more efficient electrical design, but would also minimize the need for modifications during the installation process.

Additionally, generative AI can support the creation of virtual 3D representations of electrical installations, providing a comprehensive visual understanding of the project. This allows stakeholders to interact with designs in a more intuitive way and allows for real-time modifications.

Expanding horizons with futurism

At Futurism, we believe in the power of Artificial Intelligence to shape industries and redefine operational efficiency. Our AI solutions, such as the deep learning-based entity extraction solution, are proof of this conviction. Futurism’s AI solutions go beyond short-term efficiency gains. They seek to redefine business processes at their core, laying the foundation for a future where AI and human expertise work hand in hand, driving unprecedented progress and innovation. Now is the time for businesses to embrace this revolutionary technology and unlock the untapped potential.

AI, machine learning, deep learning, computer vision, and generative AI: these are shaping the future, and futurism is at the forefront of this revolution.

Artificial intelligence is not just about technology, it is about reimagining the possibilities.

Join the AI ​​revolution with us. Contact us today.

The future is digital, the future is now!

the publication Revolutionizing entity extraction with artificial intelligence and deep learning: an innovation of futurism first appeared on Futurism Technologies.