Shaking Up the Factory Floor with Digital and AI

Update manufacturing processes with digital and AI tools, aligning lean practices and advanced analytics.

Despite the potential benefits of incorporating AI and digital technologies into factory settings, many manufacturers are failing to seize opportunities. According to a Boston Consulting Group survey of nearly 1,800 manufacturing executives worldwide, across seven industries, 89% of companies have plans to incorporate AI into their production networks, while 68% have already started doing so. But only 16% of companies have managed to reach AI related targets. In fact, nearly every executive reported facing challenges when it comes to scaling AI solutions.

There are numerous benefits to harnessing the power of digital and AI technologies on the factory floor. Workers can use data driven insights to boost productivity, communicate more effectively, and implement more effective solutions. AI can also improve the quality, safety, and reliability of production processes, using predictive analytics, while helping companies reduce waste. Companies hoping to leverage the vast potential of these technologies should embrace...