Publication: AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities
Date
2020-07
ISSN
Published
2020-07
Author(s)
Manchanda, Sumit
Kaleem, Hassan
Schlorke, Sabine
Abstract
As advances in machine learning,
computer vision, and robotics help manufacturers around the
world improve their processes and produce new and more
complex products, artificial intelligence (AI) is becoming
an integral tool of modern manufacturing, and one that is
increasingly important to the industry’s future. By
combining large volumes of data with the computing power to
simulate human thinking, AI is increasing the efficiency,
capacity, and complexity of factory floors, and is
introducing robotics, the Internet of Things, and other
cutting-edge innovations to manufacturing value chains
across the globe. Artificial intelligence is a critical
enabler of manufacturing complexity that is essential for
companies to produce an expansive range of sophisticated
products and dynamically engage with regional and global
value chains. Firms and economies can increase both their
manufacturing complexity and their market competitiveness by
developing the foundational capabilities and know-how needed
to adopt AI and other advanced technologies.
Citation
“Manchanda, Sumit; Kaleem, Hassan; Schlorke, Sabine. 2020. AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities. EMCompass;Note 87. © International Finance Corporation, Washington, DC. http://hdl.handle.net/10986/34851 License: CC BY-NC-ND 3.0 IGO.”
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