AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities
As advances in machine learning, computer vision, and robotics help manufacturers around the world improve their processes and produce new and more complex products, artificial intelligence (AI) is becoming an integral tool of modern manufacturing,...
| Main Authors: | , , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/860911606369085118/AI-Investments-Allow-Emerging-Markets-to-Develop-and-Expand-Sophisticated-Manufacturing-Capabilities http://hdl.handle.net/10986/34851 |
| id |
okr-10986-34851 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-348512021-04-23T14:02:10Z AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities Manchanda, Sumit Kaleem, Hassan Schlorke, Sabine MANUFACTURING ARTIFICIAL INTELLIGENCE VALUE CHAIN INVESTMENT INDUSTRIAL ROBOT EMERGING MARKET ECONOMIES MACHINE LEARNING As advances in machine learning, computer vision, and robotics help manufacturers around the world improve their processes and produce new and more complex products, artificial intelligence (AI) is becoming an integral tool of modern manufacturing, and one that is increasingly important to the industry’s future. By combining large volumes of data with the computing power to simulate human thinking, AI is increasing the efficiency, capacity, and complexity of factory floors, and is introducing robotics, the Internet of Things, and other cutting-edge innovations to manufacturing value chains across the globe. Artificial intelligence is a critical enabler of manufacturing complexity that is essential for companies to produce an expansive range of sophisticated products and dynamically engage with regional and global value chains. Firms and economies can increase both their manufacturing complexity and their market competitiveness by developing the foundational capabilities and know-how needed to adopt AI and other advanced technologies. 2020-12-02T14:46:15Z 2020-12-02T14:46:15Z 2020-07 Brief http://documents.worldbank.org/curated/en/860911606369085118/AI-Investments-Allow-Emerging-Markets-to-Develop-and-Expand-Sophisticated-Manufacturing-Capabilities http://hdl.handle.net/10986/34851 English EMCompass;Note 87 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MANUFACTURING ARTIFICIAL INTELLIGENCE VALUE CHAIN INVESTMENT INDUSTRIAL ROBOT EMERGING MARKET ECONOMIES MACHINE LEARNING |
| spellingShingle |
MANUFACTURING ARTIFICIAL INTELLIGENCE VALUE CHAIN INVESTMENT INDUSTRIAL ROBOT EMERGING MARKET ECONOMIES MACHINE LEARNING Manchanda, Sumit Kaleem, Hassan Schlorke, Sabine AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities |
| relation |
EMCompass;Note 87 |
| description |
As advances in machine learning,
computer vision, and robotics help manufacturers around the
world improve their processes and produce new and more
complex products, artificial intelligence (AI) is becoming
an integral tool of modern manufacturing, and one that is
increasingly important to the industry’s future. By
combining large volumes of data with the computing power to
simulate human thinking, AI is increasing the efficiency,
capacity, and complexity of factory floors, and is
introducing robotics, the Internet of Things, and other
cutting-edge innovations to manufacturing value chains
across the globe. Artificial intelligence is a critical
enabler of manufacturing complexity that is essential for
companies to produce an expansive range of sophisticated
products and dynamically engage with regional and global
value chains. Firms and economies can increase both their
manufacturing complexity and their market competitiveness by
developing the foundational capabilities and know-how needed
to adopt AI and other advanced technologies. |
| format |
Brief |
| author |
Manchanda, Sumit Kaleem, Hassan Schlorke, Sabine |
| author_facet |
Manchanda, Sumit Kaleem, Hassan Schlorke, Sabine |
| author_sort |
Manchanda, Sumit |
| title |
AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities |
| title_short |
AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities |
| title_full |
AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities |
| title_fullStr |
AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities |
| title_full_unstemmed |
AI Investments Allow Emerging Markets to Develop and Expand Sophisticated Manufacturing Capabilities |
| title_sort |
ai investments allow emerging markets to develop and expand sophisticated manufacturing capabilities |
| publisher |
International Finance Corporation, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/860911606369085118/AI-Investments-Allow-Emerging-Markets-to-Develop-and-Expand-Sophisticated-Manufacturing-Capabilities http://hdl.handle.net/10986/34851 |
| _version_ |
1764481790043488256 |