Why McKinsey thinks AI is a game-changer for manufacturers - Tech Wire Asia

WHEN manufacturers think of artificial intelligence (AI), they think of its ability to produce insights from data. Most manufacturers are keen on using AI to analyze demand and factor in lags in the supply chain to optimize operations, but forget the heavy equipment they're using. According to a new whitepaper, McKinsey argues that companies with heavy assets can reap great dividends if their operators start using AI to review their workflows and make necessary alterations. "AI can deliver improvements without capital-intensive equipment upgrades and thus produce attractive returns quickly," it says. The consulting giant finds that despite the advances in technology, operators of heavy machinery still rely on judgment and intuition to manually monitor signals and adjust settings, troubleshoot and run tests, and perform other tasks that strain the limits of their human capacity.