IIC Journal of Innovation 6th Edition - Page 6

How Democratized Artificial Intelligence Can Move Manufacturing to a New Evolution Pace services 2 (from consulting to installation, maintenance, and analytics), innovation, finance, supply chain, supplier’s management, etc. I NTRODUCTION The convergence of manufacturing business disruption and digital technology disruption is making artificial intelligence move the manufacturing world to a new evolution pace! The manufacturing revolution is a set of transformational trends impacting production capabilities and making the industrial live ecosystem more efficient and able to create more value. When we are mentioning Industry of the Future or Industry 4.0, it covers also the smart connected products; service monetization business (impacting business customers and original equipment manufacturers (OEMs)); new inbound and outbound supply chain for serving the factories and customers at the right time, with the right product, at the right place; changing financial and transactional practices to having more simplified, “real- time” and trustable relationship; reducing and making agile the innovation lifecycle by a continuous learning and improvement; producing products and services on demand and highly customizable; changing the sales and marketing practices to better understand and anticipate customers’ needs. All of that, using real life data as source of truth to generate new revenue opportunities, with faster and proactive business decisions. The manufacturing world is originally a complex ecosystem built to industrialize and optimize the production of goods for a mass or large production at a best cost and the highest quality possible. Today, we can say that a new generation of manufacturing practices and capabilities are still following this statement of producing more and better with less resources and tentatively less negative impacts. With this unique statement, we can already identify that the goal is to be smarter to produce goods and services, addressing customer demands while optimizing resources and reducing harmful impacts (environmental, social…). This is also called the Ideality indicator 1 or Ideal Final Result in industry innovation practices. T HE M ANUFACTURING W ORLD IS D RASTICALLY C HANGING The manufacturing business is not only a production business, but a part of a global value chain, surrounded by the many other activities and new revenue streams such as demand creation (sales & marketing), 1 Ideality: Innovation (perceived) benefits divided by the sum of cost and harm. (Darrell Mann – Hands on systematic innovation for business and management - ISBN 1_898546-73-8, pages 6-13 2 Siemens Building Technologies leverages the Internet of Things to provide innovative analytics-based services (Capgemini - https://www.capgemini.com/consulting/industries/siemens-building-technologies-leverages-the-iot/) IIC Journal of Innovation - 5 -