Business growth, addressing the skills gap, and the need for greater efficiency are driving plans for AI, machine learning, cloud computing and other digital technology adoption.
Censuswide conducted the research, which surveyed over 600 senior decision-makers and maintenance professionals in the
The results offer a clear, almost unanimous picture of the manufacturing landscape. AI will be a high business priority for companies over the next 12 months according to 93% of survey respondents. This sentiment is echoed at an organizational level, with 9 in 10 senior decision makers agreeing AI is the priority and over 4 in 5 maintenance managers saying the same.
Regarding the role of AI in predictive maintenance, only 8% of those surveyed are currently operating a predictive maintenance strategy. However, a massive 77% want to shift to predictive/proactive maintenance in the future, and AI implementation is viewed as a tool to achieve that goal.
Manufacturers are already turning their intentions into action; on average, respondents said they intend to invest 44% of their technology budgets on AI in 2024 alone. In fact, (30%) of those surveyed plan to invest 51-75% of their technology budget on AI this year.
While only 9% of manufacturers agree that they have completed their Industry 5.0 goals to date, the majority (61%) expect to achieve their AI goals in just 11 months.
“Predictive maintenance is becoming a need, not a want - especially as skilled labor is hard to come by and retain,” says
Of those looking to invest in the next 12 months, the need for adoption was largely driven by the benefits of AI implementation including:
- the ability to develop new products and services (35%)
- provide a new way to address data processing and analysis requirements (35%)
- a means to address the call for improvements to customer service (35%)
- the demand for improved efficiency and productivity (34%)
- ways to compensate for the skilled labour shortage (31%).
“It’s no surprise that manufacturers are bullish in their adoption of AI,” said
To view the full results of the survey, visit https://info.fluke.com/frs-0624-download-value-of-ai-lp-1-a
-ENDS
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Attachments
- AI Adoption: The race to implementation
- Time to implement digital technologies in Manufacturing
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