Sikich has released its latest Industry Pulse report, which explores how manufacturers are utilizing AI technologies as well as other trends in the industry. To get their data, Sikich surveyed over 100 executives from manufacturing and distribution companies. According to the report, 20% of executives in the manufacturing sector have no plans to incorporate AI into their operations. Many manufacturers are unsure if AI will benefit their companies in any way, leading to less than 20% of companies implementing AI tech.
Workforce issues remain a top concern for manufacturing executives, as are rising labor costs. Despite this, only 7% of manufacturing companies are filling open positions with AI technology, but 24% are interested in AI to supplement their workers.
In a recent quote, Jerry Murphy, partner-in-charge of manufacturing and distribution services at Sikich, said, "Faced with recruitment and retention challenges, manufacturers have a unique opportunity to improve efficiencies and automate back-office functions with technologies like AI. AI is a lot more than ChatGPT, and when deployed properly, AI tools can help manufacturers reduce costs, generate demand, improve customer relations and more quickly bring products to market. It's important that manufacturers proceed thoughtfully though, assessing the risks and challenges associated with AI alongside its exciting potential."