Published on 19 Aug 2024 on Insider Monkey · via Yahoo Finance
Nano-X Imaging Ltd. (NNOX): An Under The Radar AI Stock You Should Pay Attention...
We recently compiled a list of the 20 Under The Radar AI Stocks. In this article, we are going to take a look at where Nano-X Imaging Ltd. (NASDAQ:NNOX) stands against the other AI stocks that are under the radar.
Artificial Intelligence has become increasingly vital across various industries, including some under the radar sectors like utilities, mining, and media. AI tools are driving efficiency, safety, and innovation in these domains. In the utilities industry, AI is playing a critical role in enhancing the efficiency and reliability of power generation, distribution, and consumption. One significant application is in predictive maintenance, where AI algorithms analyze data from sensors embedded in infrastructure such as power grids and pipelines. This allows for early detection of potential failures, reducing downtime and maintenance costs. For example, a report by McKinsey & Company estimates that AI-driven predictive maintenance can reduce maintenance costs by up to 40%, extend the life of assets by 20%, and decrease unplanned outages by 50%.