Industrial companies see the massive value of AI in the coming decade HPE Newsroom

The fourth industrial revolution is firmly upon us and it is one that will provide customers with a greater range of customized products and a better service experience, while allowing manufacturers to transition towards predictive and adaptive processes and machinery. Artificial intelligence (AI) is not a peripheral component of this industry change; it is at the heart of the fourth industrial revolution, a key enabler to take the step from automation to autonomy, creating growth and competitive advantage. Together with Industry of Things World, Europe's leading Industrial IoT conference, HPE surveyed 858 predominantly European professionals and executives from various industrial verticals to find out what effect AI has in the industrial sector today and is expected to have by 2030.[1] Their responses show that the European industrial sector has clearly understood and embraced the strategic power of AI--but it also reveals that there are some key challenges that have to be overcome to fully unleash its potential. Let's start with the really good news.