Insight

Thriving in an AI World: Industrial Manufacturing insights

Industrial manufacturers are among the fastest adopters of artificial intelligence, but they may need to consider changing their approach to realize expected benefits.

David Neely

David Neely

Managing Director, Digital Enablement, KPMG US

+1 914-552-3137

Roy Mathews

Roy Mathews

Managing Director, Data and Analytics, KPMG US

+1 615-248-5686

The industrial manufacturing industry has been extraordinarily active in experimenting with artificial intelligence (AI), according to the 2021 KPMG Thriving in an AI World report. In fact, 93% of survey respondents say AI is at least moderately functional at their organization, and nearly all say they would like their organization to more aggressively adopt AI technology.

The vast majority of industrial manufacturing executives say AI has the potential to make their organization more efficient. They expect AI to have the biggest impact on their industry over the next two years within these areas: product design, development and engineering; maintenance operations; and production/assembly operations.

Industrial manufacturers have made a good start on the road to AI value by embracing IoT technology and collecting massive amounts of data about how their products are used and when they break down. Now, the challenge is to wring insights and value from that data. In this report, discover four steps to make this a reality.

Thriving in an AI World: Industrial Manufacturing insights
Industrial manufacturers are among the fastest adopters of artificial intelligence, but they may need to consider changing their approach to realize expected benefits.

 

93%

of industrial manufacturing executives say their organization should more aggressively adopt AI.

72%

of the industry executives say their organization sped up its adoption of AI in the wake of COVID-19.

62%

of the industry executives say AI has added more value than expected for their organization.