Artificial intelligence is an essential factor in the industrial sector when used wisely. Its adoption has brought many advantages to the manufacturing industry. It has made work easier. Let us embrace technology and optimize it in our day to day activities.
The manufacturing industry is facing a hiring crisis. According to Deloitte, by 2025, the manufacturing skills gap will result in a need for 3.4 million skilled workers, and 2 million of those roles will go unfulfilled.
IHS Markit recently published the "Manufacturing Technology Vertical Intelligence Service", including a manufacturer survey for the transformative technologies adoption in the semiconductor, display and electronics manufacturing sectors.
World Economic Forum: A.I. and robotics will create almost 60 million more jobs than they destroy by 2022
Saheli Roy Choudhury for CNBC: The outlook for job creation is more positive today because companies better understand what kind of opportunities are available to them due to developments in technology, according to WEF.
The Industrial Internet of Things (IIOT) is bringing us the factories of the future with the implementation of AI to help optimize and scale operations through predictive maintenance, improved safety amongst others.
Application of advanced AI (defined as deep learning models) in manufacturing and supply chain have the potential to create $1.2-2 Trillion in annual economic value.
VTT's proof of concept demo showed that a range of sensors or smart identifications can be added to 3D printed metal parts during manufacture, in order to track the performance and condition of machines or devices, or verify the authenticity of the parts.
Steel mills are rich in data, and learning algorithms only get better as they learn. Steel mill owners stand to improve their quality and margins dramatically from AI investment. AI can also reveal unexpected business opportunities as well as operational efficiencies.
Will Knight for MIT Technology Review: Perceiving dynamic actions could be a huge advance in how software makes sense of the world.
Modern systems are paving the way to allow our customers to make products people want in the way they want them, instead of making products and spending our time trying to make people want them.
Many businesses are already using continuous monitoring technologies - like Internet of Things (IoT) connected devices - which is a good start; but the key lies in not just simply monitoring the output of various data (which is how many companies use it today), but by taking the next step and employing advanced algorithms and machine learning to take action from real-time insights and anticipate future outcomes.
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Be sure to attend the latest of EXAIR's webinars. Get educated on pneumatic industrial vacuums so you can break the cycle of replacing electric shop vacuums. Industrial environments often present a continual battle to keep them clean and safe. Unavoidable by-products of manufacturing processes include liquid and solids which often present hazards to personnel, products and processes. Solids may be trim, dusts, or chips from a manufacturing line; liquids may be coolant spills, coating overspray, or even burst packages. Cleaning up these materials often falls on the operators of the equipment who need reliable, adaptable, safe and effective tools for cleanup. Supplying them with tools which fail frequently or do not meet the requirements of the safety team is a recipe for disaster. Attend this webinar to gain an understanding of how pneumatic vacuums can reduce the maintenance, increase reliability, and improve flexibility for your facility. Attend live on May 24th at 2 p.m.