Read The Times Australia

Daily Bulletin

Manufacturers are embracing AI, reveals survey from Universal Robots

  • Written by: PR Newswire Asia - Daily Bulletin Au RSS

ODENSE, Denmark, Aug. 27, 2024 /PRNewswire/ -- Universal Robots (UR), the Danish collaborative robot (cobot) company, recently asked 1,200 manufacturers across North America and Europe how they use technology and how they plan to invest for the future. In the survey more than 50% responded that they already harness artificial intelligence and machine learning in their production.

"AI isn't just hype," says Anders Billesø Beck, Vice President for Strategy & Innovation at Universal Robots. "Though it may only have become a common topic of conversation within the last two years, AI and machine learning are now critical drivers of innovation and efficiency in today's manufacturing."

Looking forward, 48% of manufacturers plan to further invest in AI and machine learning by 2025, indicating that these technologies will continue to play a pivotal role in the future of manufacturing.

"We're experiencing a significant interest in physical AI. Our UR+ ecosystem keeps expanding and a key driver for this is the rapid increase in AI-applications and solutions coming from our partners, including our growing number of OEM partners, opening brand-new opportunities for customers," says Anders Billesø Beck.

Other highlights

  • The survey shows the evolving importance of digitalization, with 47% of manufacturers currently using technologies like the Internet of Things, cloud computing and digital twins. These tools help manufacturers to optimize operations, reduce downtime, and save costs through simulations and predictive maintenance. This enables manufacturers to shift towards more resilient, high-mix production models that better meet market demands.
  • Over 50% of respondents identify improving product quality, increasing productivity and enhancing accuracy as top reasons for embracing new technologies. Additionally, 30% of manufacturers are using technology to improve working conditions, and 26% are driven by sustainability goals.
  • While return on investment remains the primary concern for 32% of manufacturers, other factors such as usability, in-house expertise, safety, and potential disruptions are also significant (all around 20%). 

Get the full insights from the survey here.

About the survey

With a confidence rate of 99%, the survey gathered responses from 1,195 participants from seven different countries in Europe and North America. The participants represented 569 large enterprises and 278 small and medium-sized companies. They come from various industries, primarily manufacturing, healthcare, food and beverage, and automotive.

Learn more about Universal Robots here.Download pictures here.

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/4492118_AE92118_0

Business News

How Australian Businesses Can Measure SEO ROI

SEO can feel vague when you are staring at a dashboard full of numbers that do not clearly connect to revenue. The key is to measure the right signals in the right order, then tie them back to outcome...

Daily Bulletin - avatar Daily Bulletin

How Commercial Roller Shutters Improve Site Security Without Slowing Operations

Security upgrades can be frustrating when they make everyday work harder. A door that takes too long to open, creates bottlenecks at shift change, or fails at the worst time can turn “better protectio...

Daily Bulletin - avatar Daily Bulletin

Why a Document Destruction Service Still Matters for Modern Businesses

Businesses generate large volumes of information every day, from staff records and contracts to invoices, reports and customer files. While attention often focuses on how documents are stored, the way...

Daily Bulletin - avatar Daily Bulletin

Bicycle Rack Safety and Space-Smart Storage

Bike storage problems usually show up as small annoyances first: tangled handlebars, scratched frames, and bikes that topple when you pull one out. Over time, those issues become safety risks, especia...

Daily Bulletin - avatar Daily Bulletin

How to Tell if a Childcare Centre Is a Good Fit for Your Child

Choosing childcare can feel like you’re making a huge decision with limited information. Tours are short, centres are often on their best behaviour, and your child might act differently in a new space...

Daily Bulletin - avatar Daily Bulletin

Car Import Timeline: What Usually Happens at Each Stage

Importing a car into Australia can feel confusing because multiple agencies and checkpoints are involved, and the timeline is shaped as much by paperwork quality as it is by shipping speed. The most u...

Daily Bulletin - avatar Daily Bulletin

Portable Toilet Hygiene Standards Explained: Clean vs Sanitised vs Disinfected

In portable toilet servicing, the words clean, sanitised, and disinfected often get used as if they mean the same thing. They don’t. And that difference matters because a unit can look tidy and still ...

Daily Bulletin - avatar Daily Bulletin

Options Available When a Company Faces Financial Distress

Financial distress can develop gradually or arrive suddenly, and when it does, the decisions made in the early stages often determine what options remain available later. Directors who act promptly ...

Daily Bulletin - avatar Daily Bulletin

What Healthcare Teams Look for When Choosing Specialist Surgical Supplies

In clinical environments, small details rarely stay small. A delayed instrument, a poorly matched device or inconsistent supply quality can affect theatre flow, staff confidence and patient outcomes. ...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How to Choose the Right Football for Every Level

Choosing a football may seem straightforward, but the right option depends on who will be using it a...

What to Ask a Wedding Photographer Before You Book

Booking a wedding photographer can feel deceptively simple: you like the photos, you like the vibe...

Why Stress Relief For Dogs Is Essential For Emotional Balance And Long-Term Wellbeing

Managing emotional health is just as important as physical care when it comes to pets, which is why ...

Australia’s Best Walking Trails and the Shoes You Need to Tackle Them

Australia is not short on spectacular walks. You can follow ocean cliffs in Victoria, cross ancien...

Why Pre-Purchase Building Inspections Are Essential Before Buying a Home in Australia

source Have you ever walked through an open home and started picturing your furniture, family d...

5 Signs Your Car Needs Immediate Attention Before It Breaks Down

Car problems rarely appear without warning. In most cases, your vehicle gives clear signals before...

Ensuring Safety and Efficiency with Professional Electrical Solutions

For businesses in Newcastle, a safe and fully functioning workplace remains a key part of day-to-d...

Choosing The Right Bin Hire Solution For Hassle-Free Waste Management

When it comes to managing waste efficiently, finding the right solution can save both time and eff...

Why Cleanliness Is Critical In Childcare Environments

Children explore the world with curiosity, often touching surfaces, sharing toys, and interacting ...