Tag: artificial intelligence

Artificial intelligence (AI) has enjoyed a steady rise in popularity across almost every industry since its formal inception in the mid-twentieth century. 

The Department of Defence has signed contracts worth a total of $1.75 million with the University of South Australia and Deakin University for two research projects that will employ artificial intelligence to transform noisy and dynamic data into knowledge that will give military decision-makers an advantage.

Over the past few decades, the world has witnessed the rise of Asia Pacific through its manufacturing capability, fueled by labor, economic and regulatory advantages. However, the world’s manufacturing powerhouse is now at a critical inflection point.

The New South Wales Government announced that the “best and brightest” defence and aerospace companies will showcase their capabilities to key global decision-makers at the 2023 Australian International Airshow & Aerospace and Defence Exposition (AVALON 2023).

ASX-listed DroneShield has released its 2022 annual report, with another record year of revenue up by 60 per cent to $16.9 million.

The 2023 Modern Manufacturing Expo is slated to once again convene industry players and exhibit the latest advancements and innovations in the manufacturing sector in September. 

The Australian fabricated metal manufacturing industry has experienced subdued revenue growth over the past five years, despite a contraction of product sales to key building markets following the pandemic, according to this July 2022 report from IBIS World.

CSIRO and the US National Science Foundation (NSF) have established a multi-million-dollar partnership to accelerate research initiatives aimed at tackling global challenges, such as climate change, building low-emissions technologies, and developing ethical artificial intelligence. 

Minister for Industry and Science Ed Husic has met with the United States Secretary of Commerce Gina Raimondo in Washington to discuss ways to promote trade relations, cooperation, and Australia's economic integration with the US.

Now more than ever, manufacturers all around the world are being pushed to test the limits of their current capabilities as they weather multiple disruptive global events, like the COVID-19 pandemic and the war in Ukraine.