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11 07, 2023

AI in Manufacturing: What Your Machines Can Teach… Your Other Machines

By |2023-07-11T16:40:52+00:00July 11th, 2023|Artificial Intelligence, Innovation, Next Generation Manufacturing|Comments Off on AI in Manufacturing: What Your Machines Can Teach… Your Other Machines

What’s the role of artificial intelligence (AI) in Industry 4.0? It’s not easy to answer. AI isn’t a single technology; it’s better described as a broad field of inquiry into the development of machines that solve problems normally solved by human intelligence (along with problems we can’t solve!). For Industry 4.0, the AI innovation with the most impact (so far) is machine learning (ML). What is ML? ML algorithms create models based on historic data that return accurate predictions when given new data. “Machine learning is not intelligence in the true sense,” says Scott Genzer, data scientist at RapidMiner, [...]

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17 10, 2022

The New Math of Manufacturing

By |2022-10-17T16:23:46+00:00October 17th, 2022|Innovation, Next Generation Manufacturing, Strategy|Comments Off on The New Math of Manufacturing

Come with me, for a moment, to the plant floor of the well-respected (albeit fictional) drill manufacturer, Grunnings. Plant Manager Vernon Dursley is evaluating his energy costs — and finds the recent increases to resemble nothing so much as bad witchcraft. As his complexion turns an unpleasant shade of purple, his Assistant Manager chimes in: “Look, it’s painful, but energy is overhead — we just have to bite the drill bit and write a check.” And so it was, for a couple hundred years (more or less). Energy costs were an unfathomable, seemingly unfixable drain on profits. It could [...]

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27 03, 2019

Disruptive Technologies Offer Major Opportunities — and Headaches — for Manufacturers

By |2019-04-01T15:06:17+00:00March 27th, 2019|Growth, Information Technology, Innovation, MPI Manufacturing Study, Next Generation Manufacturing|Comments Off on Disruptive Technologies Offer Major Opportunities — and Headaches — for Manufacturers

New study finds some manufacturers are ready to leverage cutting edge technologies — while others fall behind New research finds that manufacturing leaders are worried about disruptive technologies — robotics, artificial intelligence, additive manufacturing, and analytics — and yet few are doing much about it. The MPI Disruptive Technologies in Manufacturing Study surveyed more than 400 executives at manufacturing companies around the globe and found that: 88 percent report that their industries and markets are vulnerable to disruptive technologies (29 percent “extremely vulnerable” and 59 percent “somewhat vulnerable”). 86 percent report that their own companies are vulnerable to disruptive [...]

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