There is a global transformation effort underway to empower manufacturing with artificial intelligence (AI). In fact, more than nine out of ten manufacturing businesses think that AI will be a pivotal technology to drive future growth and innovation in the sector, according to a recent Deloitte survey on AI adoption in manufacturing.
AI refers to any type of computer software that engages in humanlike activities, such as learning, planning, and problem-solving. The most common way AI is used for business purposes today is through machine learning, whereby systems can appear to ‘learn’ over time, and complete tasks with increasing efficiency. This makes them ideal for analysing vast amounts of information, before converting them into contextual data that is more digestible for humans. In manufacturing AI has traditionally been used in business management, supply chain and smart production, for instance. Additionally, in 2022, many manufacturing businesses are starting to benefit from the application of AI and virtual worlds (or ‘metaverse’) technologies in providing streamlined training and onboarding for employees. Combining AI and metaverse technologies affords manufacturers an incredible new opportunity to train and equip people with the necessary skills to navigate the future of work. Indeed, the very nature of the future of work within the manufacturing sector itself will be hugely impacted by new AI and metaverse technologies. It’s estimated that over 23 million jobs will be impacted by virtual reality (VR) and augmented reality (AR) by 2030, and that these technologies have the potential to deliver a £1.4 trillion boost to the global economy over the next eight years, according to recent PwC forecasts. Full story here
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