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Accenture Pov Manufacturing Digital Final
Accenture Pov Manufacturing Digital Final
Accenture Pov Manufacturing Digital Final
THE FUTURE
Artificial intelligence will fuel
the next wave of growth for
industrial equipment companies
ABOUT THE
RESEARCH
This report is based on recent • Desktop/Secondary research – spanning
in-depth analysis from Accenture Factiva, Gartner, IDC, Forrester, IE
Research. It combined a number of companies’ annual reports and websites,
competitor publications and other press
different elements to build up a research
detailed picture of the global
industrial equipment sector, the • Expert interviews via 10EQS
challenges it faces and the ways in
which artificial intelligence can be • Internal interviews with Accenture
adopted and deployed to industry/technology subject matter
experts
overcome these challenges,
support innovation and drive • Industrial Equipment Technology Vision
future growth. Summarized below, 2017 research, drawing on a survey of
these different research elements 560+ industry executives
provide a unique, detailed and
fresh picture of an industry on the • Face-to-face interviews at the Hannover
Messe Fair April 2017
cusp of massive change and
reinvention: • Text analytics, leveraging QUID, an
innovative tool that draws connections
between different news articles and
creates networks of stories
Q. What degree of disruption is your Q. Please indicate your agreement with the
industry currently facing? following statement: My organization must
innovate at an increasingly rapid pace just
5% to keep a competitive edge.
55% 44%
Agree
44%
19%
Neither agree 14%
nor disagree
11%
Industrial Equipment
Complete Disruption 2%
Disagree Cross-Industry
Moderate Disruption 2%
Slight Disruption
No Change
Slight Change
No Change 57%
LEADERS
ADVANCED
EXPERIMENTAL
EMERGING
LAGGARDS
Information,
Healthcare & Financial Communication
Life Sciences Retail Services & Technology
Automotive
Industrial Equipment
Chemicals
Oil & Gas
Food & Beverages
Metals & Mining
Agriculture
39%
Using in select business areas
36%
24%
Piloting/Experimenting
24%
7% Industrial Equipment
Not using
8% Cross-Industry
Q. How important will it be to the future success of your organization to offer your
products/services through centralized platforms or assistants (i.e., Google Now, Apple’s Siri,
or Amazon Echo) or messaging bots (Viv, Facebook Messenger, WeChat, Kakao, etc.)?
22%
Extremely important
24%
59%
Very important
59%
15%
Moderately important
14%
2.5%
Slightly important
2%
LEARNING
construction equipment manufacturer
based in Japan, now provides its
COLLABORATION customers with drones to monitor
MAKES MULTI- construction sites.8 The data these drones
collect is processed by the company’s AI
MILLION DOLLAR algorithms to create three-dimensional
SAVINGS maps and extract construction blueprints.
The benefits? With a 20-minute flight and
a few hours’ cloud processing, customers
A collaboration between Fanuc, a leading
receive a globally geo-referenced map
industrial robotics manufacturer and
where every point is accurate to within
General Motors, the global automotive
5cm. Instead of it taking hundreds of
manufacturer, represents the most
hours a month to survey a construction
successful large-scale implementation of
site, it can now be handled to a far higher
AI in the industrial equipment sector to
degree of exactitude in just a few
date.7 The project connected sensors in
minutes.
thousands of assembly line robots,
together with other external devices, to a
cloud network set up by a third party.
Vast amounts of data about temperature,
operation cycles, human operator
activities and other metrics are
processed by an analytics engine,
leveraging an open deep learning
framework from another supplier, to
capture out-of-range exceptions and
predict maintenance needs. A cloud app
alerts engineers from both companies
when a piece of machinery needs to be
serviced. What’s more, any replacement
parts needed are automatically shipped
in time for the next scheduled
maintenance. The goal is nearly zero
equipment downtime – and for a global
manufacturer for whom every minute of
unplanned downtime costs thousands of
dollars, that represents a potential saving
of up to US$40 million.
REGULATORS/
Sets the protocol for “Responsible AI”
GOVERNMENT*
S
R
YE
CONNECTIVITY
Telematics; end-customer connectivity
LA
PROVIDERS
A L EQ U I P M E N T P
CUSTOMER
UNIVERSITIES/
research on AI and bringing some ground
DU
ACADEMICS
breaking innovations
IN
DIGITAL/
Helps in AI transformation journey
CONSULTING
Executives within the industrial opportunities AI will create for new roles
equipment sector also cite a series of within the workforce. Data-driven
specific challenges.14 These relate to processes need human workers who can
issues arising from the larger, more act rapidly on the opportunities that
complex ecosystem in which companies machines discover in real time, whether a
that adopt AI will be operating. Shown in sales lead, maintenance alert or an
Figure 7, they range from ensuring opportunity to cut costs. They also
compatibility between AI and existing require people to assess them
infrastructure and concerns about the continuously and input improvements to
maturity of AI technology, to a lack of safety, fairness and auditability. These are
expertise within the industry, insufficient just two of the many ways in which
data quality and getting users to share humans and machines will work together
their data. in an AI-enabled future: new categories of
jobs will be created (such as chatbot
Of course, concerns about job losses engineers and drone handlers) in which
cannot be dismissed. AI will inevitably be humans help machines and machines
used to handle some of the repetitive help humans, requiring companies to
tasks, in manufacturing, as well as in redesign jobs and training.
back-office and customer-facing
operations. However, these concerns,
we believe, will be outweighed by the
Q. Which of the following are challenges for your organization in embedding artificial
intelligence into user interfaces?
36%
Integration/compatibility issues between AI
and current IT infrastructure 34%
34%
Users prefer interactions with humans
34%
34%
Technology not mature enough
33%
34%
Lack of expertise to use the technologies
32%
32%
Cost is prohibitive
33%
Industrial Equipment
Cross-Industry 32%
Data quality
36%
30%
Concerns or fears over use of AI technologies
31%
29%
Privacy issues
33%
27%
Getting users to share their data
30%
25%
Insufficient useable data
26%
24%
Lack of C-level commitment
21%
20%
Data exist in silos
22%
AFTER-SALES SERVICE
Dealers and after-sales service shops will need to have technology engineers
readily available to solve maintenance problems in embedded systems.
CORE AUGMENTED
ORIGINATION
All this undoubtedly brings complexities. Data security becomes ever more paramount.
The use of customer and partner data must be made transparent. A balance must be
struck between using human employees and AI-enabled machines, including a full
consideration of the ethics of AI development. And companies must be ready to work
with their suppliers and dealers to share the data that drives AI applications.
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