Accelerating AI Transformation in Manufacturing
Many experts agree that AI will have the most significant impact on manufacturing. According to McKinsey Research, AI can create $1.2 Trillion to $2 Trillion of value in supply-chain and manufacturing. Manufacturing processes generate enormous amounts of data, involve repetitive tasks, and present multi-dimensional problems beyond the scope of many conventional tools. The industry is also projected to face a workforce shortage due to skilled employees’ looming retirement. AI and Automation are key technologies that can address this gap while increasing operational efficiency, improving quality, and boosting productivity. However, AI has yet to gain significant momentum and reshape manufacturing. Manufacturing executives and plant leaders must overcome several challenges before AI-led digital transformation transitions from a select few to a broad market at scale : Legacy Infrastructure - The production sites typically have a wide variety of machines, tools, and systems that use disparate and often competing technologies. For example, discrete…
