The study’s goals include discovering the latest opportunities and barriers manufacturers face in evaluating and adopting technologies, and explores how global manufacturing companies can best capitalize on emerging technologies. The study defines exponential technologies as those that enable change at a rapidly accelerating, nonlinear pace facilitated by substantial progress and cost reduction in the areas of computing power, bandwidth, and data storage. Technologies that emanate from AI, called cognitive technologies, include machine learning; computer vision; natural language processing; speech recognition; robotics; optimization; rules-based systems; and planning & scheduling. Source: Deloitte, Council on Competitiveness & Singularity University Report Exponential Technologies in ManufacturingThe future competitive advantage in manufacturing will tilt back to advanced manufacturing nations with robust innovation ecosystems versus the cost competitive nations of the past. The Global Manufacturing Competitiveness Index (GMCI) study found that nations who invest in exponential manufacturing technologies and innovation ecosystems will emerge more competitive than those who choose to compete on price alone.
Source: Forbes April 16, 2018 02:37 UTC