Implementing AI on the road to Fourth Industrial Revolution (4IR)-readiness offers unprecedented opportunities for manufacturers. Manufacturing lighthouses are the trailblazing businesses adopting 4IR technologies at scale in their plants.
These industries are already sustainably capitalizing on AI’s ability to enable manufacturing lighthouses to make predictions and decisions, realizing many competitive, financial and operational advantages and efficiencies.
Predictive maintenance, for example, already makes possible increases in asset productivity of up to 20%. With AI offering so much scope for growth in manufacturing, what is holding businesses back from adopting the Industrial Internet of Things (IIoT)?
While AI technology is driving the revolution in manufacturing, human intelligence is the biggest decider between success and failure. Increasingly, companies realize they’re going to need more advanced technical, cognitive, social and emotional skills. You’ll get further faster if you have greater understanding, buy-in and collaboration from your people
The measure includes $52 billion for domestic manufacturing of chips and boosts the U.S.’s ability to compete with China.
The U.S. House of Representatives Thursday passed a bipartisan bill that includes $52 billion in grants and incentives for domestic semiconductor manufacturing, boosting the country’s ability to compete with China. The bill now goes to President Joe Biden for his signature.
The bill passed 243–187 with all Democrats voting in support of the bill, along with 24 Republicans, even with a last-minute push by GOP leaders to oppose it. The measure delivers a win for the Biden administration more than a year after legislation was first introduced in Congress.
Formally known as the CHIPS and Science Act, the bill includes more than $52 billion for U.S. companies producing computer chips as well as billions more in tax credits to incentivize them to