This kind of chart is familiar to all materials and chemical companies who invest in new product development. It can take significant amounts of time for sunk costs to result in profit.
This paper will outline how an AI-enabled data infrastructure can:
- Reduce Initial Investment Cost
- Reduce Time To Break Even
- Decrease Production Costs
- Increase Product Value and Market Share
We will demonstrate how materials informatics can systematically improve return on investment (ROI) for new product development, with a platform that becomes more powerful with each new project.