93% Ind Leaders Say Full AI Integration Key To Mfg Edge
About 96% have experienced operational and efficiency improvements and 62 per cent experiencing an ROI of greater than 10%: Report
93% Ind Leaders Say Full AI Integration Key To Mfg Edge
About 93 per cent industry leaders across eight countries, including in India, believe that manufacturing organisations that fully integrate AI will gain a significant competitive edge, a report showed on Monday.
About 96 per cent have experienced operational and efficiency improvements and 62 per cent experiencing an ROI of greater than 10 per cent, while 80 per cent of organisations have invested in AI knowledge and skills training, said the KPMG International report. About 74 per cent are using machine learning, 72 per cent predictive analytics and 67 per cent are using agentic AI. For production and supply chains, AI enables real-time decision-making, predictive analytics and self-optimising workflows.
According to the ‘Intelligent Manufacturing Report,’ AI can combine external and internal data points, such as client consumption patterns and global indices, to provide a meaningful decision support system around cost optimisation and intelligent commodity forecasting.
