Automation

The Real Price of Automation

Unattended Tool Grinding

Time for artificial intelligence to take over manufacturing?

Accenture believes that investment in artificial intelligence has the potential to double the annual economic growth rates of major developed economies, such as Germany, and triple Japan’s economic rate by 2035. In the manufacturing industry, Accenture believes that the power of AI technologies will increase profitability by 39 percent, boosting gross value added by almost $4 trillion in 2035.

Is automation really to blame for lost manufacturing jobs?

Although automation is occurring in manufacturing, as it is in other sectors of the economy, the evidence does not support the idea that automation was the main cause of the sudden decline in manufacturing employment after 2000. It’s difficult to precisely pin down what was to blame, but a large body of research suggests that economists and pundits are wrong to so quickly dismiss trade and to blame machines.

Dull, dirty and dangerous is for the bots

For its new “Manufacturing Perception Report,” Thomas surveyed more than 1,000 participants from across the U.S. to examine their awareness and views about the manufacturing industry. When respondents were asked about which industries automation will have the biggest impact on, the New York-headquartered information, data and analysis provider reported that manufacturing took the lead at 34 percent, followed by transportation (15 percent), retail (11 percent) and fast food (10 percent).