AI in the Factory of the Future: The Ghost in the Machine

Daniel Küpper    Jan Schlageter    Jonathan Van Wyck    Kristian Kuhlmann    Markus Lorenz    Olivier Bouffault    Sebastian Köcher    Yew Heng Lim   

Artificial intelligence (AI) is a hot topic in business technology, and industrial companies have taken notice. By deploying the right combination of AI technologies, producers can boost efficiency, improve flexibility, accelerate processes, and even enable self-optimizing operations. A BCG analysis found that use of AI can reduce producers’ conversion costs by up to 20%, with up to 70% of the cost reduction resulting from higher workforce productivity. Producers can generate additional sales by using AI to develop and produce innovative products tailored to specific customers and to deliver these with a much shorter lead-time. AI is thus integral to the factory of the future, in which technology will enhance the flexibility of plant structures and processes.

Published in 2018

Publisher: Boston Consulting Group

Date added: 05/10/2018

Artificial Intelligence    Fourth Industrial Revolution