Big Data is quickly taking a strong hold and manufacturing. In the future, Larry Fast of Lean Leadership thinks that hold will strengthen. He also thinks AI will take a larger role in manufacturing. "In some forms of AI, on the other hand, machines can actually teach themselves how to optimize their performance as they can run through various scenarios at lightning speeds, identify the best processes and train themselves to achieve a desired outcome. Talk about a brain stretch!" That may still be years away, but as we are experiencing right now with Industry 4.0, the future will be the present before you know it!
Ask the Expert: Lean Leadership's Larry Fast says manufacturing is on the cusp of a new age. "We’ll all be wise to sign up and help make it happen." Larry Fast | Oct 31, 2017 Question: What role do you view big data analytics and AI playing in the future of lean manufacturing? Answer: Wow, this question came out of the sky. Not in my wheelhouse. My initial reaction was, “How in the world would I know? I have enough trouble keeping up with the lingo, e.g., IoT, big data analytics, AI (artificial intelligence) and a partridge in a pear tree!” But then I reached out to a good friend in Chicago, John Shelby, who recently completed his master's degree in analytics at Notre Dame. I asked if he could educate me in plain English on the question posed. He shot me a link to a McKinsey study in which they are tracking their 2011 forecast of how these evolving technologies would impact retail, supply chains, healthcare and, yes, manufacturing. Read More