PRODUCTION & OPERATIONS that status quo . At the same time stakeholders want to see innovation but , more often than not , are not willing to accept the risks and investments for the necessary experimentation to happen .” For AI deployment , Alison argues that there is a big difference between developing one AI use case and having the right foundational capabilities and culture for innovation to flourish .
“ If that foundational base is not prioritised and embraced , companies will struggle to compete against those who benefit from AI driven innovation ,” she adds .
How AI can unlock value , according to EY ’ s latest report EY ’ s latest paper ‘ How can AI unlock value for the industrials ’ details the challenges industrial companies face when deploying AI . Results showed that :
• 45 % of advanced manufacturing CEOs surveyed said that they believe AI is a force for good , which can have a good impact on business efficiency .
• 60 % of manufacturing leaders said that they are prioritising enhancing technology capabilities , sustainability integration and introducing new
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