The Maintenance, Repair, and Operations (MRO) sector is experiencing a profound transformation through AI-driven solutions that are significantly reducing lag times, ushering in a new era of efficiency. Toma Matutyte, CEO of Locatory.com, highlights the pivotal role of AI and AI Application Programming Interfaces (APIs) in streamlining operations, enhancing productivity, enabling real-time data synchronization, expanding reach, and allowing customization.
While MRO management has traditionally been a labour-intensive, manual process, today’s data-driven solutions can enable the MRO supply chain to be optimised as the sector expands. Despite COVID-19’s disruptive effects, the global MRO market is anticipated to grow from $686 billion in 2021 to $787 billion by 2026.