Deliver Your News to the World

AI Can Enable a New Era in Manufacturing Sector, Says World Economic Forum White Paper

Istanbul, Turkey – WEBWIRE
  • New white paper provides decision-makers with a better understanding of how to unlock the potential of industrial artificial intelligence (AI)
  • Written in collaboration with the Centre for the Fourth Industrial Revolution Türkiye, paper sheds light on how scalable AI applications can be developed in manufacturing
  • Over 20 case studies from organizations illustrate the impact achieved from industrial AI applications
  • Read the full white paper here

Artificial intelligence can enable a new era in the digital transformation journey for industry, offering new opportunities as well as challenges. A new white paper, published by the World Economic Forum together with the Centre for the Fourth Industrial Revolution Türkiye, examines the opportunities and proposes a step-by-step approach to overcome the challenges.

Unlocking Value from Artificial Intelligence in Manufacturing, with input from industry, technology and academic experts, highlights over 20 case studies from organizations on the impact, feasibility and scalability of AI in manufacturing. It identifies several opportunities and lessons from the community on how to increase operational efficiency, sustainability and workforce engagement in manufacturing and value chains by using AI.

The white paper is an output of the ongoing partnership between the Forum’s Platform for Shaping the Future of Advanced Manufacturing and Value Chains and the Platform for Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning, with the Centre for the Fourth Industrial Revolution (C4IR) Türkiye, hosted by Turkish Employers’ Association of Metal Industries (MESS) and its Technology Centre MEXT.

“The complexity of current challenges impacting manufacturers calls for the need to go beyond the traditional means of driving productivity. Artificial intelligence can help companies unlock innovation, resilience and sustainability. We look forward to working with the Network of Centres for the Fourth Industrial Revolution and the global manufacturing community to support its deployment at scale,” said Francisco Betti, Head of Advanced Manufacturing and Production, Member of Executive Committee, World Economic Forum.

“This paper showcases the tremendous value potential of AI in manufacturing. Not only in terms of efficiency but also in terms of sustainability and worker engagement. The insights were generated thanks to a collaborative effort by the Centre for the Fourth Industrial Revolution affiliate in Türkiye, the Forum’s Platform for Shaping the Future of Advanced Manufacturing and Value Chains and the Platform for Shaping the Future of Technology Governance: Artificial Intelligence and Machine Learning,” said Kay Firth-Butterfield, Head of Artificial Intelligence and Machine Learning at World Economic Forum.

Over 20 use cases were collected from more than 35 senior executives and technology experts from more than 10 industries, including automotive, electronics, energy, textiles, cement, steel, food and chemicals. These cases demonstrate how leading manufacturers have successfully captured value from AI applications in manufacturing and cover six main areas: health and safety, quality, maintenance, production process, supply chains and energy management.

While opportunities enabled by AI in manufacturing are promising and attracting many leaders, organizations are looking for a common framework on how to implement AI solutions and ensure a successful return on investment. Based on the consultations, this white paper summarizes the six main barriers to the deployment of AI in manufacturing and presents a step-by-step process to overcome barriers.

Efe Erdem, Head of C4IR Türkiye and Executive Director of MEXT Technology Centre, said: “With a granular understanding of the industry pain points in their digital transformation journey and the need for the deployment of the AI use cases, we took a leading role in led this initiative globally. For the next step, MEXT has been positioned as a global testbed. We are looking forward to conducting pilot studies and developing solution-oriented and scalable applications with the public, private, academia and start-ups.”

Özgür Burak Akkol, MESS Chairman, said: “We completed more than 160 digital maturity assessments in over 10 industries, and we witnessed that industry leaders believe in creating value from AI but they do not know how to start. As we initiated the AI in Manufacturing project together with the World Economic Forum and the network of Centres for the Fourth Industrial Revolution to accelerate the use of AI in manufacturing, we would like to increase the added value generated from AI as a continuation of digital transformation. We continue to work to keep our MEXT Digital Factory at the highest technology level by developing AI-oriented use case scenarios together with technology providers.”

The World Economic Forum’s Centre for the Fourth Industrial Revolution global network is a platform for multi-stakeholder collaboration, bringing together the public and private sectors to maximize technological benefits to society while minimizing the risks associated with Fourth Industrial Revolution technologies.

Notes to editors

Read more about the Centre for the Fourth Industrial Revolution Network
View Forum photos
Read the Forum Agenda also in Mandarin | Japanese
Check out the Forum’s Strategic Intelligence Platform and Transformation Maps
Follow the Forum on Twitter via @wef@davos | Instagram | LinkedIn | TikTok | Weibo
Become a fan of the Forum on Facebook
Watch Forum videos
Learn about the Forum’s impact
Subscribe to Forum news releases and Podcast

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.