FACTORY OF THE FUTURE
“ If we ’ re presenting a solution and talking about AI , it means we haven ’ t found the right business case ”
SAM WAES HEAD OF SMART INDUSTRIES EUROPE , ORANGE BUSINESS
Another major challenge is communicating digital transformation ’ s business value . From a business perspective there is a lot at stake when pursuing change , considering the costs of manufacturing downtime , which engenders a lot of scepticism about digital transformation projects .
This scepticism is fuelled by the tendency to embrace digital solutions in silo instead of as a holistic shift in operations . With this in mind , the language manufacturers use to propose digital solutions is of paramount importance .
A great example of this is AI .
Becoming articulate about AI The enthusiasm for AI in the manufacturing industry cannot be understated . According to Forbes ,
MANUFACTURING & AI
The enthusiasm for AI in the manufacturing industry right now cannot be understated . According to Forbes , the AI market is projected to reach a staggering US $ 407bn by 2027 , experiencing substantial growth from its estimated US $ 86.9bn revenue in 2022 .
According to Latest Industry Reports , The global Artificial Intelligence ( AI ) in Manufacturing market was valued at US $ 2.54bn in 2023 and is anticipated to reach US $ 3.2bn by 2030 , a compound annual growth rate of 3.3 % during the forecast period 2024-2030 .
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