AI Can Enable a New Era in Manufacturing Sector: World Economic Forum
05 January 2023: Artificial intelligence (AI) can enable a new era in the digital transformation journey for industry, offering new opportunities as well as challenges. A new white paper, published by World Economic Forum together with the Centre for the Fourth Industrial Revolution Türkiye, examines the opportunities.
Unlocking Value from Artificial Intelligence in Manufacturing, with input from industry, technology and academic experts, highlights over 20 case studies from organizations on the impact, feasibility and scalability of AI in manufacturing. It identifies several opportunities and lessons from the community on how to increase operational efficiency, sustainability and workforce engagement in manufacturing and value chains by using AI.
“The complexity of current challenges impacting manufacturers calls for the need to go beyond the traditional means of driving productivity. Artificial intelligence can help companies unlock innovation, resilience and sustainability. We look forward to working with the Network of Centres for the Fourth Industrial Revolution and the global manufacturing community to support its deployment at scale,” said Francisco Betti, Head of Advanced Manufacturing and Production, Member of Executive Committee, World Economic Forum.
“This paper showcases the tremendous value potential of AI in manufacturing. Not only in terms of efficiency but also in terms of sustainability and worker engagement. The insights were generated thanks to a collaborative effort by the Centre for the Fourth Industrial Revolution affiliate in Türkiye, the Forum’s Platform for Shaping the Future of Advanced Manufacturing and Value Chains and the Platform for Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning,” said Kay Firth-Butterfield, Head of Artificial Intelligence and Machine Learning at World Economic Forum.
Efe Erdem, Head of C4IR Türkiye and Executive Director of MEXT Technology Centre, said “With a granular understanding of the industry pain points in their digital transformation journey and the need for the deployment of the AI use cases, we took a leading role in led this initiative globally. For the next step, MEXT has been positioned as a global testbed.”
The World Economic Forum’s Centre for the Fourth Industrial Revolution global network is a platform for multi-stakeholder collaboration, bringing together the public and private sectors to maximize technological benefits to society while minimizing the risks associated with Fourth Industrial Revolution technologies.
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