This audio is auto-generated. Please let us know if you have feedback.
As manufacturers increasingly invest in digitization, automation and artificial intelligence, they’re also learning how to manage an exponential increase in data.
Speakers at multiple panels during a May 6 event hosted by the Massachusetts Institute of Technology’s Initiative for New Manufacturing discussed how they’re thinking about data standardization and analytics. They’re also trying to be strategic about how best to approach this evolution in technical capabilities.
“Automation, AI, analytics ... by themselves, do not create value. I believe they actually increase the flexibility or the domain of what's possible, and they'll only create value when they're applied to a well-defined problem,” said Swamy Kotagiri, CEO of automotive supplier Magna International. “Otherwise, I like to say you're experimenting and you're not transforming."
Magna International CEO Swamy Kotagiri
