Three Steps to Prepare for Generative AI in Wire and Cable Manufacturing
While there’s been a lot of hype, generative AI is proving its worth in manufacturing. A recent survey shows that 65% of manufacturers are investing in or exploring generative AI use cases. Meanwhile, McKinsey reports that many organizations have seen revenue increases of more than 5% in supply chain and inventory management. There’s no question that wire and cable manufacturers will use AI; it’s a matter of when and who does it first. But What Exactly is Generative AI and How are Manufacturers Using it? In essence, generative AI systems can answer questions and generate new, original content to fulfill specific tasks. For example, summarizing meetings, editing content and troubleshooting problems. Users can build generative AI solutions themselves or obtain them off the shelf.