Website: | http://www.imr.ie |
Organisation: | IRISH MANUFACTURING RESEARCH COMPANY LIMITED BY GUARANTEE (IMR) |
Contact: | Contact this portal member |
Europe (in general) is a higher cost economic region. In a time of turbulence and global rising inflationary pressures, our historic growth strategy is growing through exports. We cannot survive in a race to the bottom (based solely on price), but need to support our manufactured product proposition, via an increase in the innovation built into that manufactured product. When people talk about the need to digitize, they are generally referring to either the production process or the resultant product. The only reason you would wish to digitize a product (make it smarter) is to add value for the customer and/or sell an additional service. These are by definition ‘high value added products’. Its imperative to the future of manufacturing sector on this continent that we focus in that sector of the manufactured goods.
The use of trusted AI will transform many sectors and sections of our society. Of no less importance in this journey is the experience of the manufacturing sector. Technical and business decision systems will be transformed by this type of technology. It is important to protect the worker in this transformation as well as using the power of this potential to the betterment of the manufacturing product and service within the wider community. Much is made of the potential dangers of this technology but we should remain positive on the opportunities that it represents, particularly in a sector in such flux, as manufacturing is at this moment in time.
Europe (in general) is a higher cost economic region. In a time of turbulence and global rising inflationary pressures, our historic growth strategy is growing through exports. We cannot survive in a race to the bottom (based solely on price), but need to support our manufactured product proposition, via an increase in the innovation built into that manufactured product. When people talk about the need to digitize, they are generally referring to either the production process or the resultant product. The only reason you would wish to digitize a product (make it smarter) is to add value for the customer and/or sell an additional service. These are by definition ‘high value added products’. Its imperative to the future of manufacturing sector on this continent that we focus in that sector of the manufactured goods.
Network resilience is more than just a singular supply chain, but an evolution in thinking within the value chain concept. It matters greatly that EU systems are integrated and built for the wider value proposition on a societal level, creating new and improved commercial opportunities for the manufacturing sector. This is particularly important in the current economic and political environment