AI In Production

Peggy and Jeff Winter talk about the challenges in production in the manufacturing industry. He talks about the difference between manufacturing and production, as the terms are often used interchangeably. 

They also discuss:

• The dire state of the manufacturing skills gap and production constraints.

• How automation and artificial intelligence can fill in the gap—and the need for cybersecurity.

• The changing state of the consumer and the rise of the digital consumer.

Questions Jeff answers in this episode:

1. What challenges do we currently face with production functions?

2. How would you describe the state of production?

3. What progress has been made with AI in production?

Link to Peggy Smedley’s original podcast page

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Sources Referenced:

• Manufacturing Leadership Council & Deloitte - Creating pathways for tomorrow’s workforce today: https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-diversity.html

• Bureau of Labor Statistics - https://www.bls.gov/iag/tgs/iag31-33.htm#workforce

• Rockwell Automation’s 8th Annual State of Smart Manufacturing Report 2023: Rockwell-PLEX_8th_SOSM_Report_2023_ENGUS.pdf (automateit.net)

• World Economic Forum - The Future of Jobs Report 2023: The Future of Jobs Report 2023 | World Economic Forum (weforum.org)

• Pitney Bowes - Digital transformation has become critical in improving customer experience: digital-transformation-and-customer-experience-infographic.pdf (pitneybowes.com)

• Statista - Distribution of cyberattacks across worldwide industries in 2023: https://www.statista.com/statistics/1315805/cyber-attacks-top-industries-worldwide/

• Microsoft Digital Defense Report 2022: https://www.microsoft.com/en-us/security/security-insider/intelligence-reports/microsoft-digital-defense-report-2022

• World Economic Forum - The Global Smart Industry Readiness Index Initiative: Manufacturing Transformation Insights Report 2022: https://www.weforum.org/whitepapers/the-global-smart-industry-readiness-index-initiative-manufacturing-transformation-insights-report-2022/

• Boston Consulting Group - Generative AI’s Role in the Factory of the Future: https://www.bcg.com/publications/2023/gen-ai-role-in-factory-of-future

• McKinsey & Company - The state of AI in 2023: Generative AI’s breakout year: https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai-in-2023-generative-ais-breakout-year

• Manufacturing Leadership Council 2023 The Future of Industrial AI in Manufacturing: https://bit.ly/IndustrialAI2023