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One policy that remains, however, is a permanent increase of the Annual Investment Allowance (AIA) to £1 million from April 2023 onwards. For UK manufacturers, it’s a bit of positive news at a challenging time. In particular, it brings a little more certainty to their 2023 investment and innovation plans.
Since its launch in 2023, the LDT programme has supported 54 participants in developing the skills to adopt and implement cutting-edge technologies within their operations. This builds on the success of Made Smarters earlier leadership initiative, which equipped 62 business leaders with essential digital capabilities between 2019 and 2023.
billion in 2023 to $12.5 billion in 2024, with significant growth in manufacturing and clean energy sectors. A partnership between World Business Chicago and the Illinois Manufacturing Excellence Center (IMEC) aims to equip small and mid-sized manufacturers with the tools to navigate evolving global dynamics and technological shifts.
The Journey of AI in Manufacturing The journey of AI in manufacturing began with modest steps. Robotic Process Automation (RPA) was the industry’s early foray into automation, carrying out repetitive tasks with precision but lacking in adaptability. A 2023 McKinsey report highlights the widespread adoption of AI tools.
Despite ongoing issues such as finding qualified and skilled workers, and with an improving though still challenging supplychain situation, the manufacturing sector continues to perform well, prepared to overcome hiccups. Areas of collaboration include automation, robotics and digitalization of processes.
Like tech companies, banks also offer cutting-edge digital solutions to enhance the customer experience and trust. The incorporation of conversational AI-powered chatbots and virtual assistants has been gaining immense traction in the year gone by, and 2023 onwards will witness significant innovations in this area.
Dental laboratories are realizing a more than 50% boost in production efficiencies as the Oqton AI capability optimizes all critical additive manufacturing elements into a single workflow in the production environment. Global manufacturers use Oqton software to automate robotic welding to increase productivity. 3dsystems.com.
IMTS has always been an evolving show,” says Peter Eelman, Chief Experience Officer for AMT – The Association of Manufacturing Technology, and the longtime organizer of IMTS. ” Apollo is an AI-powered robot introduced by Apptronik in August 2023 and designed to addresses labor challenges in manufacturing.
And don’t forget to look for some of these items in our upcoming January 2023 print and digital issues! Mold in a Day Technology Slashes Tool Production, Eliminates SupplyChain Headache. Photo Credit: Next Chapter Manufacturing. Mold Maintenance, Repair and Surface Treatment. Cutting Tools. " x 20.1"
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