Manufacturing

Manufacturers' transition to digital and cloud has, however, accelerated the importance of effective cybersecurity measures in a growing battle against operational threats and data privacy vulnerabilities.

Playing the roles of eyes and ears in the manufacturing process, Artificial Intelligence/Machine Learning (AI/ML) is contributing to addressing the growing challenges of product quality control. According to the corporate insurance carrier, AGCS, “defective products not only pose a serious safety risk to the public but can also cause significant financial and reputational damage to the companies concerned. Defective product incidents have caused insured losses in excess of $2B over the past five years, making them the largest generator of liability losses.”

Manufacturers have called out the Industrial Internet of Things (IIoT) as critical in their digital transformation initiatives, but only a handful has successfully integrated IIoT into their current systems. Let's explore why it is the case and what can be done about it.