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Saturday, September 14, 2024

AI and ML: Driving Innovation in Manufacturing

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Discover how manufacturers leverage AI and ML to improve efficiency, product quality, and sustainability. Learn about the industry’s latest trends and challenges in this comprehensive report.

Universal Robots (UR), the Danish collaborative robot (cobot) company, recently surveyed 1,200 manufacturers across North America and Europe about how they use technology and plan to invest in the future. More than 50% responded that they had already harnessed artificial intelligence and machine learning in their production.

“AI isn’t just hype,” says Anders Billesø Beck, Vice President for Strategy & Innovation at Universal Robots. “Though it may only have become a common topic of conversation within the last two years, AI and machine learning are now critical drivers of innovation and efficiency in today’s manufacturing.”

Looking forward, 48% of manufacturers plan to further invest in AI and machine learning by 2025, indicating that these technologies will continue to play a pivotal role in the future of manufacturing.

“We’re experiencing a significant interest in physical AI. Our UR+ ecosystem keeps expanding, and a key driver for this is the rapid increase in AI applications and solutions coming from our partners, including our growing number of OEM partners, opening brand-new opportunities for customers,” says Anders Billesø Beck.

Also Read: The New AI Battleground: Why Your Fancy AI Models Won’t Save You

Other highlights

  • The survey shows the evolving importance of digitalization, with 47% of manufacturers currently using technologies like the Internet of Things, cloud computing, and digital twins. These tools help manufacturers to optimize operations, reduce downtime, and save costs through simulations and predictive maintenance. This enables manufacturers to shift towards more resilient, high-mix production models that better meet market demands.
  • Over 50% of respondents identify improving product quality, increasing productivity and enhancing accuracy as top reasons for embracing new technologies. Additionally, 30% of manufacturers use technology to improve working conditions; sustainability goals drive 26%.
  • While return on investment remains the primary concern for 32% of manufacturers, other factors such as usability, in-house expertise, safety, and potential disruptions are also significant (all around 20%).

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