Leading Artificially Intelligent Engineering (AIE) software company Monolith AI and Imperial College London will use a £500,000 Innovate UK grant to launch a project to build a new type of artificial intelligence solution that will be able to assess if metal components are manufacturable and even explain why they might not be manufacturable.
While CAE simulations have dramatically improved how the manufacturability of industrial products like for example the door of a car is assessed, the final decision on whether this door is actually manufacturable is still limited to the assessment of a small number of domain experts who need to assess the simulation results.
Bullet-proofing supply chains is a top priority for manufacturing bosses in 2022
- Two thirds of manufacturing leaders said they will focus on making their organisations’ supply chains more resilient in 2022
- Supply crises listed as main reason for manufacturers to innovate business models this year
- Cloud, predictive analytics and Internet of Things are top tech investment priorities for manufacturers in next 12 months
Strengthening supply chains is a priority for nearly two thirds (64%) of manufacturing pros, according to research from Digital Catapult.
Manufacturers also set out their digital ambitions for the new year, as advanced digital technology quickly emerges as an answer to supply chain afflictions – including businesses grappling with parts and materials shortages, sudden factory shutdowns and unfinished products, and consumers facing long queues, late deliveries and even empty shelves.
UK manufacturers feel the pay pressure from rising inflation
LONDON (Reuters) – British manufacturers have offered higher pay deals to staff but many others are holding off on settlements as they monitor fast-rising inflation and get ready for higher minimum wages and a tax hike, industry group MakeUK said on Monday.
Only 2% of the companies which took part in a MakeUK survey have frozen pay this year, way down from around a third of them a year ago.