White Paper: 2024 Industrial AI Survey

In the ever-evolving world of manufacturing, 2024 presents a landscape fraught with challenges and opportunities shaped by myriad global and economic factors. From supply chain disruptions to technological advancements, manufacturers are facing a multitude of influences that require change management, innovation and strategic agility to navigate effectively.

Despite AI technology’s reported benefits and proven successes, only 18% of the industrial sector are currently using AI or ML software to get the most out of their productivity and production, and only 11% are using a digital twin solution to adapt, innovate and solve problems faster. Why is industrial AI adoption slower than expected?

Fero Labs surveyed managers and executives in the industrial sector to identify their primary goals and which barriers are inhibiting their ability to adapt, thrive and survive in 2024.