Key performance indicators of these technologies include reduced market launch times, optimized R&D costs, decreased downtime, and a significant reduction in CO2 emissions. The article emphasizes that businesses adopting these technologies will lead the future, as they align with changing market expectations and regulatory requirements. The ongoing AI revolution, supported by digitalization, is expected to continue shaping market dynamics and societal well-being for years to come.
Key takeaways:
- AI and digital technologies like Digital PLM and Digital Thread are transforming industries by reducing product development cycles, cutting costs, and enhancing operational efficiency.
- Generative AI is revolutionizing product design through rapid ideation, prototyping, and scenario exploration, significantly impacting sectors like pharmaceuticals and healthcare.
- AI-powered recalibration algorithms in industries such as manufacturing and mining lead to massive productivity gains and reduced downtime.
- The implementation of AI and digital technologies contributes to environmental benefits, such as reduced CO2 emissions, and optimizes supply chain operations by reducing lead times and inventory costs.