Tag: data

Over the past year, manufacturers worldwide have made significant strides in adopting artificial intelligence technologies, moving beyond the initial hype to tangible implementations that deliver real business value. 

The global manufacturing sector ended 2024 on a sombre note, with output and new orders declining in December after brief improvements in the preceding months. 

The Royal Swedish Academy of Sciences announced that the 2024 Nobel Prize in Physics will be awarded to John J. Hopfield from Princeton University, NJ, USA, and Geoffrey E. Hinton from the University of Toronto, Canada. 

In the wake of the COVID-19 pandemic, Australia saw an increase in the sales of recreational vehicles following the implementation of travel bans. This surge put a significant strain on the manufacturing, sales and customer service processes of Jayco Corporation, the largest manufacturer of RVs in Australia.

As global industries dive deeper into Industry 4.0, it is becoming increasingly clear that understanding and utilizing data and artificial intelligence is not just a technological advancement. It is a fundamental prerequisite for maintaining market competence and securing long-term success. 

In April, the global manufacturing sector maintained its upward trajectory, driven by increased output and new orders, signalling sustained recovery, according to the latest data from the JP Morgan Global Manufacturing PMI.

Data is the backbone of modern manufacturing processes, encompassing everything including customer preferences, production quantity, supply chain logistics, and product quality metrics. 

February witnessed a resurgence in global manufacturing activity, with production marking its second consecutive month of expansion, fueled by a return to growth in new order intakes.

Victoria continues to spearhead Australia's economic recovery, showcasing robust job creation and sustained growth, according to recent data released by the Australian Bureau of Statistics (ABS).

Judo Bank's Australia Manufacturing Purchasing Manager’s Index (PMI) for January indicated a stabilisation in the country's manufacturing sector conditions at the beginning of 2024.