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Manufacturing, Logistics, Supply Chain Keynotes
Patrick Dixon is a global keynote speaker on AI in manufacturing, author of 18 books
MANY OF MY CLIENTS are the world’s largest manufacturers, and I am often asked what next-generation digital will mean for their automation, factory design, maintenance and supply chain management, and how that will integrate with what is known as Industry 4.0.
This is all about tracking components (the Internet of Things), smart sensors, robotic automation, Big Data, cloud computing, predictive analytics, and now of course AI.
Manufacturers are already spending $6bn a year on AI, increasing 24% annually. And by 2030, it is likely that they will realise cost savings of $2bn or more every year as a direct result.
Over half of the UK’s larger manufacturers are investing in AI, machine learning and augmented reality, and 40% say that they will soon adopt generative AI. Three quarters have already invested in automation or are about to, and one quarter plan to automate up to 25% of all processes over the next twenty-four months.
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Read more: Manufacturing AI. How AI will transform factories and manufacturing, including AI logistics and AI-driven supply chain management. Extract from Chapter 18 - new book: How AI will Change Your Life - by Patrick Dixon, keynote speaker on AI in manufacturing