Artificial Intelligence

Six Ways to Help The Manufacturing Sector Embrace AI

World Economic Forum
January 19, 2023
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Photo by Shane Rounce on Unsplash

Photo by Shane Rounce on Unsplash


Artificial Intelligence (AI) is an underutilized resource for manufacturers to overcome supply chain disruptions and economic downturns. Check out this step-by-step approach to AI adoption in manufacturing.

The global manufacturing industry continues to be buffeted by the shockwaves from the pandemic and other disruptive global events. Supply chains for components such as semiconductors have still not recovered and the war in Ukraine is impacting a range of other value chains, particularly energy prices, which is having a knock-on effect on manufacturers.

These additional pressures are creating a need for manufacturers to “go beyond the traditional means of driving productivity to uncover the next wave of value for businesses, the workforce and the environment.” That’s a key finding from a December 2022 report by the Türkiye Centre for the Fourth Industrial Revolution in partnership with the World Economic Forum’s Network for Global Technology Governance.

The report, Unlocking Value from Artificial Intelligence in Manufacturing, finds that: “In principle, AI could unlock more than $13 trillion in the global economy and boost GDP by 2% per year. However, companies struggle to tap into the value that AI applications can create.”

And that’s not because manufacturers can’t see the value-creation potential of AI. In a global survey of 3,000 companies, 70% understood how AI can generate business value, 59% have an AI strategy in place and 57% of respondents said their organization was already piloting AI. Despite these findings, only 1 in 10 said AI was generating significant financial benefits.

Read more here.

World Economic Forum
World Economic Forum

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.

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