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.
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.
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.
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.
With two product lines, FASTSUITE for V5, which is seamlessly integrated with CATIA/DELMIA V5, and FASTSUITE Edition 2, a standalone platform, the areas of OLP (offline programming), manufacturing simulation and virtual commissioning are the core of our business activities. Our applications and solutions are not only focused on real customer needs, but they are also designed to improve efficiency and quality of our customers' manufacturing processes. No matter if the process is just about offline programming of a single robot at a small job-shop company or about the validation of a complete production line at an Automotive or Aerospace OEM. We strive to ensure a constant quality of our services and to provide the best possible support to our worldwide customers. Therefore we have established three digital manufacturing hubs around the world. All our teams have a proven expertise on manufacturing process integration and profound IT implementation skills.