dark

AI promises new era in manufacturing sector, says WEF

AI in Car assembling

Artificial intelligence (AI) can enable a new era in the digital transformation journey for industry, offering new opportunities as well as challenges, according to a new white paper.

The white paper, published by the World Economic Forum (WEF) together with the Centre for the Fourth Industrial Revolution Türkiye, examines the opportunities and proposes a step-by-step approach to overcome the challenges.

Unlocking Value from Artificial Intelligence in Manufacturing, with input from industry, technology and academic experts, highlights over 20 case studies from organizations on the impact, feasibility and scalability of AI in manufacturing, the Forum said in a statement yesterday.  

It identifies several opportunities and lessons from the community on how to increase operational efficiency, sustainability and workforce engagement in manufacturing and value chains by using AI.

The white paper is an output of the on-going partnership between the Forum’s Platform for Shaping the Future of Advanced Manufacturing and Value Chains and the Platform for Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning, with the Centre for the Fourth Industrial Revolution (C4IR) Türkiye.

This is hosted by Turkish Employers’ Association of Metal Industries (MESS) and its Technology Centre MEXT.

“The complexity of current challenges impacting manufacturers calls for the need to go beyond the traditional means of driving productivity. Artificial intelligence can help companies unlock innovation, resilience and sustainability.

“We look forward to working with the Network of Centres for the Fourth Industrial Revolution and the global manufacturing community to support its deployment at scale,” said Francisco Betti, Head of Advanced Manufacturing and Production, Member of Executive Committee, WEF.

“This paper showcases the tremendous value potential of AI in manufacturing; not only in terms of efficiency but also in terms of sustainability and worker engagement.

“The insights were generated thanks to a collaborative effort by the Centre for the Fourth Industrial Revolution affiliate in Türkiye, the Forum’s Platform for Shaping the Future of Advanced Manufacturing and Value Chains and the Platform for Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning,” said Kay Firth-Butterfield, Head of Artificial Intelligence and Machine Learning at World Economic Forum.

Over 20 use cases were collected from more than 35 senior executives and technology experts from more than 10 industries, including automotive, electronics, energy, textiles, cement, steel, food and chemicals.

These cases demonstrate how leading manufacturers have successfully captured value from AI applications in manufacturing and cover six main areas: health and safety, quality, maintenance, production process, supply chains and energy management.

It identifies several opportunities and lessons from the community on how to increase operational efficiency, sustainability and workforce engagement in manufacturing and value chains by using AI.

Common framework

While opportunities enabled by AI in manufacturing are promising and attracting many leaders, organizations are looking for a common framework on how to implement AI solutions and ensure a successful return on investment.

Based on the consultations, this white paper summarizes the six main barriers to the deployment of AI in manufacturing and presents a step-by-step process to overcome barriers.

Head of C4IR Türkiye and Executive Director of MEXT Technology Centre, Efe Erdem, said: “With a granular understanding of the industry pain points in their digital transformation journey and the need for the deployment of the AI use cases, we took a leading role in led this initiative globally.

“For the next step, MEXT has been positioned as a global test-bed. We are looking forward to conducting pilot studies and developing solution-oriented and scalable applications with the public, private, academia and start-ups.”

MESS Chairman, Özgür Burak Akkol, said: “We completed more than 160 digital maturity assessments in over 10 industries, and we witnessed that industry leaders believe in creating value from AI but they do not know how to start.

“As we initiated the AI in manufacturing project together with the World Economic Forum and the network of Centres for the Fourth Industrial Revolution to accelerate the use of AI in manufacturing, we would like to increase the added value generated from AI as a continuation of digital transformation.

“We continue to work to keep our MEXT Digital Factory at the highest technology level by developing AI-oriented use case scenarios together with technology providers.”

The Forum’s C4IR global network is a platform for multi-stakeholder collaboration, bringing together the public and private sectors to maximize technological benefits to society while minimizing the risks associated with Fourth Industrial Revolution technologies.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

AfDB calls for open borders in Africa to encourage trade

Next Post

Economists say 20% excise on beverages, tobacco will cripple MSMEs’

Related Posts
Total
0
Share