The aerospace industry is increasingly relying on artificial intelligence (AI) technology help improve and automate decision making for its manufacturing and supply chain activities.
Artificial intelligence (AI) is at the heart of new manufacturing innovations across markets. The technology also has an increasing presence in the aerospace industry. According to a new study from Accenture, more than 80% of leading executives in aerospace and defense companies expect to see AI systems working alongside their human employees in the next few years.
This topic is particularly important as the industry prepares for the American Aerospace & Defense Summit, taking place Dec. 12-13, 2018, in Glendale, Arizona. That event draws executives from leading aerospace manufacturers, suppliers, and the U.S. Department of Defense, and speakers this year include representatives from Lockheed Martin, Raytheon Missile Systems, Honeywell Aerospace, Crane Aerospace, GKN Aerospace, and United Technology Corp., among others. As the leading technology innovator in Industrial Internet of Things, Xerafy is honored to be invited by the organizer to sponsor the Summit.
Supply chain management issues will be front and center, including improved visibility, counterfeit parts management, quality management, and advanced manufacturing solutions – all areas where both RFID and artificial intelligence play an increasingly important role.
According to Accenture, its top-tier aerospace clients are already using AI for forecasting and decision making. “This is a big change from last year,” said Jeff Wheless, Accenture’s global research leader for aerospace and defense (A&D). “Four out of five [executives polled] say AI will be there next to humans in the next two years—that’s pretty fast.” The data generated by these systems is more and more important, as four out of five respondents reported using data to drive critical and automated decision making.
The report also found that 70 percent of aerospace/defense leaders expect it to take two years or fewer for new and emerging technology adoption, and half of them report having invested in new tech like AI, the Internet of Things (IoT), robotics, and autonomous machines.
Xerafy has been at the forefront of introducing intelligent systems to aerospace companies for supply chain and maintenance, repair and operations (MRO) applications. Hong Kong Aircraft Engineering Company (HAECO) recently deployed Xerafy’s rugged RFID tags for tool tracking in an MRO application, and Sichuan Airlines is using Xerafy’s tags to track more than 60,000 items in its warehouse and onboard its aircraft.
Join the conversation: How do you think AI can benefit manufacturing and R&D in aerospace & MRO industry? Do you see your company/organization adopting AI in the next 1-3 years?