NEW YORK, May 16, 2024 /PRNewswire/ -- Generative
Artificial Intelligence (AI) was a key theme of Hannover Messe
2024, with industrial software providers demonstrating how new
copilots and AI assistants will enable faster and more streamlined
operations. Global technology intelligence firm ABI Research
found that although many companies showcased Gen AI solutions, most
were not taking a truly innovative approach. The overall sentiment
toward deploying Gen AI solutions in manufacturing is to take a
slow and steady approach with known use cases that derive
time-saving value. To achieve this goal of steady progression, Gen
AI suppliers are listening to the day-to-day problems faced by
manufacturers and are working backward on how Gen AI can be a
solution.
"Pragmatic Gen AI use cases for manufacturing that do not
overstep the lines of near-term tangible returns for end users is
the current go-to-market strategy for vendors. The dominant use
cases shown at Hannover Messe 2024 leverage core strengths of Large
Language Models (LLMs) for Programmable Logic Controller (PLC)
programming, code generation, step-by-step work instructions, and
data enrichment and consolidation," states James Iversen, Industrial and Manufacturing
Industry Analyst at ABI Research.
According to a recent report from ABI Research, the added
revenue from Gen AI use cases in manufacturing will be US$10.5 billion by 2034 and will come in three
distinct phases (near, medium, and long-term). Exhibits at Hannover
Messe 2024 showcased that the market has not transitioned out of
the near-term deployment of Gen AI in manufacturing and is instead
opting to build out use cases that have quick time to value for
manufacturers.
Notable Gen AI solutions shown at the Hannover Messe event were
Siemens Industrial Copilot for document retrieval and optimization
of product lifecycles, Retrocausal Kaizen Copilot for workstation
design and process optimization, Blue Yonder Orchestrator for
supply chain optimization and performance insights, Beckhoff with
Gen AI-infused TwinCAT 3 for code generation and document
retrieval, Tulip Frontline Copilot for data enrichment and multiple
language coding, and SoftServe Industrial Copilot for real-time
work instructions and document generation.
The build-out and display of pragmatic use cases of Gen AI in
manufacturing seen at Hannover Messe can be attributed to the
immaturity of the Gen AI market. "The current focus of vendors is
to make Gen AI available and useful to as many employees as
possible, regardless of job title or function. This holistic
approach is supported by the industry trend of free or freemium Gen
AI models. Vendors are more focused on garnering users than
profitability at this moment. When the hype of deploying Gen AI
slows, and vendors look for profitability, manufacturers will have
sticker shock as the free service will demand a hefty fee due to
intensive cloud and compute requirements," Iversen
concludes.
These findings are from ABI Research's Generative AI Use Cases
from Hannover Messe 2024 report. This report is part of the
company's Industrial and Manufacturing Technologies research
service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm uniquely
positioned at the intersection of technology solution providers and
end-market companies. We serve as the bridge that seamlessly
connects these two segments by providing exclusive research and
expert guidance to drive successful technology implementations and
deliver strategies proven to attract and retain customers.
ABI
Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research's services, contact us
at +1.516.624.2500 in the Americas, +44.203.326.0140 in
Europe, +65.6592.0290 in
Asia-Pacific, or
visit www.abiresearch.com.
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