1 week ago

Industrial AI Moves From Factory Pilots to Boardrooms

Industrial AI Moves From Factory Pilots to Boardrooms
From factory-floor pilots to boardrooms, industrial AI finds a bigger role · livemint.com

Industrial companies in India are trying to use AI for more than running machines on factory floors.

They want it to help design products, manage supplies, predict demand and reduce costs.

Business leaders at a summit in Pune said AI projects should solve clear business problems.

They also said company leaders and boards must be involved in deciding how AI is used.

Some AI systems can now make recommendations or take actions within set limits.

This creates a question about who is responsible if an AI decision causes a problem.

Experts said companies need records, reliable data and rules built into AI systems from the beginning.

They also said connected computer systems and steady government policies can help AI projects grow.

Key facts

Event
Industrial Leadership Summit
Host
Mint CIO Circle and Dassault Systèmes
Location
Pune, India
Current automation level
18% of industrial leaders currently expect highly automated processes.
2030 automation expectation
50% of industrial leaders expect highly automated processes by 2030.
Advanced technology use
The share expecting heavy reliance on advanced technology is projected to rise from 26% currently to 68%.
Governance needs
Speakers highlighted audit trails, data lineage and clear decision ownership for AI-driven decisions.

Quotes

Manpreet Singh Ahuja

Chief clients and industries officer at PwC India

“AI fundamentally is transforming intelligence. And if you don't rewire your factory around that intelligence, you're missing the opportunity.”
livemint.com
“Governance will not be a bolt-on. Governance will not be an add-on. It has to be in the core design.”
livemint.com

Sources

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