A study released by software developer IFS in August found the expectations for what AI can accomplish within manufacturing companies are not being met when the technology is actually put into practice. The survey, consisting of responses from over 1,700 C-suite executives at manufacturing companies, found that despite continued optimism associated with the positive aspects of AI, hurdles remain before they can see a tangible benefit with cost reductions and innovations.
According to Kevin Miller, the chief technology officer at IFS, a big component to the rapid adoption of AI is pressure from boards of companies. But he cautioned that companies are not always looking at which AI components can improve their supply chains in a tangible way.
“Companies are sometimes racing to a solution,” Miller said. “AI is still somewhat in its infancy, and it can be wrong in the results that it gives back to you.”
Over half (55%) of manufacturers surveyed believe a lack of a strategic approach toward the technology within their companies is hampering their abilities to find success with it. A limited set of expertise with the technology was cited as the most common issue companies are running into, with 43% of respondents to the IFS survey listing it as the main factor slowing progress. READ MORE
by Chris Casey
Source: manufacturingdive.com
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