Tag: oc

Despite the transformative potential of artificial intelligence, many small to medium manufacturing businesses in Australia find themselves grappling with substantial challenges that hinder widespread implementation. 

At the recent HUAWEI CONNECT 2024, Zhang Ping'an, executive director of the Board of Huawei and CEO of Huawei Cloud, emphasised the importance of adopting an "AI-native" mindset for enterprises worldwide.

Over the past decade, more than 1,850 workers have lost their lives to traumatic injuries in Australian workplaces. Even more alarming, over 1.1 million workers have filed serious compensation claims for injuries resulting in more than a week of lost work time. That is approximately one in every 12 workers facing significant workplace injuries.

Artificial intelligence has become more than just a buzzword as it promises to revolutionise every other industry in the world, including manufacturing. In Australia, in particular, the hype surrounding AI and automation has reached a fever pitch, with many business leaders leveraging their resources to race towards adoption and implementation.

For business leaders in the Australian manufacturing industry, digital transformation is not just a buzzword—it is a necessity to stay ahead and maintain a competitive edge in operational efficiency. 

The Australian manufacturing sector is at a crossroads between keeping up with automation and technological evolution and the pressing issue of attracting and retaining a skilled workforce. 

The arrival of technological advancements in manufacturing has ushered in a new era of innovations and challenges for smart factories. For businesses in the era of Industry 4.0, data analytics serves as the driving force for revolutionising manufacturing processes and addressing new challenges that come with it. 

Sustainability has become a significant driving force in the global food supply chain as the demand for alternative products increasingly pressures manufacturers and distributors into abandoning single-use non-biodegradable plastic packaging.

Sponsored content by KPMG The manufacturing sector faces a wide array of challenges today, from increasing regulatory pressures to rising consumer expectations for sustainable practices....