As AI continues to revolutionise industries, the manufacturing sector is at a pivotal point of transformation. A newly released report by TeamViewer provides valuable insights into how AI is reshaping manufacturing operations, offering both opportunities and challenges that businesses must address to fully harness its potential.
Singapore’s Leadership in AI: Given Singapore’s strong push to be a leader in AI, the report’s findings on the transformative potential of AI in manufacturing align perfectly with the nation’s agenda. For instance, the report highlights that 71% of manufacturing decision-makers believe AI will provide the biggest productivity boom in a century. This resonates with Singapore’s emphasis on innovation to drive economic growth.
Addressing the Skills Gap: The report identifies the lack of education on how to use AI as a significant barrier to adoption (42% of manufacturing respondents). This is highly relevant in Singapore, where upskilling and reskilling the workforce for the future of manufacturing is a key priority. The emphasis on training and development to bridge the AI skills gap is crucial for Singapore to fully capitalize on AI’s potential.
Focus on High-Value Manufacturing: Singapore is increasingly focused on high-value, high-precision manufacturing. In this context, the report’s finding that 33% of manufacturing respondents see improved product quality and reduced defects as a top benefit of AI is particularly salient. AI’s ability to enhance precision and consistency is critical for Singapore’s manufacturing ambitions.
(Adapted from press release).
