Artificial intelligence Is Doubling Competitiveness for Manufacturers
Microsoft Asia and IDC Asia/Pacific today released findings specific to the manufacturing sector for the study, Future Ready Business: Assessing Asia Pacific’s Growth with Artificial Intelligence The manufacturing sector, which contributes to a significant proportion of Asia Pacific’s GDP, continues to face rising competitive pressure due to growing costs and lower margins. Manufacturers are increasingly turning to emerging technologies to stay ahead of the competition. Those organizations that have started to adopt Artificial Intelligence (AI) believe it will nearly double their competitiveness (1.8 times) in the next three years. “Manufacturers in Asia Pacific are slowly, but surely, seeing the importance of adopting a digital strategy and latest technologies. The Study found that 76% of manufacturing business leaders agree that AI is instrumental to their organization’s competitiveness in the next three years,” said Scott Hunter, Regional Business Le...