AI in the manufacturing industry

Let's kick off with the first in our blog series on AI in the manufacturing industry. In this episode, the authors introduce the series by addressing the current context of AI in manufacturing and the importance of partnerships in this area. We also provide an overview of what’s to come in the next episodes and already reveal a first case study. Many more to come!

Note: this episode was made in collaboration with AI tools.

In the rapidly evolving landscape of the manufacturing industry, the integration of AI is emerging as a transformative force. Alongside other cutting-edge technologies such as the Internet of Things (IoT), robotics and advanced data analytics, AI is reshaping how manufacturers operate, enabling greater efficiency, personalisation and adaptability. Positioned at the forefront of the Industry 4.0 revolution, AI plays a crucial role in addressing the increasing demands for customised products, managing the complexities of modern supply chains and facilitating production at the level of single units. 

Manufacturers today face mounting expectations, including the need for rapid personalisation, handling complex production processes and managing smaller, more diverse lot sizes. These challenges are further compounded by globalisation trends and competitive pressures that have historically driven the offshoring of manufacturing activities to other continents. Since the late 20th century, this shift has led to significant dependencies on external regions for essential components and materials, particularly impacting Europe with concerns over supply chain resilience and the availability of critical resources. 

However, the rise of new technologies presents a unique opportunity for Europe to reestablish its manufacturing prowess and bring back key activities. By embracing innovative and competitive technologies, Europe can reduce its dependency on overseas suppliers and strengthen its position in both local and global markets. AI, as one of these pivotal technologies, offers the potential to enhance operational efficiency, as well as to drive innovation and competitiveness, enabling European manufacturers to lead in the global marketplace once again. 

Many sectors and companies are currently in the exploratory phase, seeking to identify the optimal applications of AI to avoid falling behind in this technological race. In this complex and dynamic environment, collaboration and the sharing of knowledge are essential to fully harness the value of promising technologies. Recognising this, OMC and PwC have partnered to conduct a pragmatic and comprehensive study on the current applications of AI in the manufacturing industry. This collaboration aims to provide valuable insights and guide manufacturers in effectively integrating AI into their operations, ensuring they remain competitive and innovative in an ever-changing industrial landscape. 

We had the opportunity to speak with both OMC and PwC to explore their key perspectives on the importance of partnerships in this critical discussion.

Getting to know the partnership: https://www.pwc.be/en/news-publications/2024/ai-in-manufacturing.html