1、 _ 2024/SOM2/AD/023 Agenda Item:4.4 Artificial Intelligence and Internet of Things in Manufacturing-Industry 4.0,Digital Twins,Market Failures,and the Perennial$11 Trillion Promise Purpose:Information Submitted by:Purdue University 39th Automotive Dialogue Arequipa,Peru 9-10 May 2024 AI&IOT IN MANUF
2、ACTURINGIndustry 4.0,Digital Twins,Market Failures,&the perennial$11 Trillion Promise1Stephan BillerHarold T.Amrine Distinguished ProfessorDauch Center for Management of Manufacturing Enterprises DirectorSchool of Industrial Engineering&Mitchell E.Daniels,Jr.School of Business2Annual impact of IoT a
3、cross all industries2$4-11 Trillion in 2025(now 2030)Source:The Internet of Things:Mapping the Value beyond the hype,June 2015(updated Nov 2021)3Annual impact of IoT across all industries3$4-11 Trillion in 2025(now 2030)Source:The Internet of Things:Mapping the Value beyond the hype,June 2015(update
4、d Nov 2021)30%of this growth is in operations4ProductDevelopmentFactory&Supply ChainUsage&ServiceThe Overall Asset LifecycleIBM Watson/2019 IBM Corporation45GE Brilliant FactoryVirtual Product DesignSupply Chain NetworkVirtual ManufacturingService/Repair RemanufacturingDigital Twins&Brilliant Factor
5、ies6Anomaly detection system for rotating equipmentSuccessful Smart Manufacturing Technology in ComponentsOptimal operation condition of cement grinding processTrain with 250 images to detect defects at 98%accuracy10%improvement in energy efficiency-$1.5M/yr savings7Simple Inexpensive IoT Platforms
6、ScaleMarket Failure8Legislation for funding is in place 9Roadmaps are defined Overall strategy is releasedNovember 7,2023 National AcademieseXcellence in Manufacturing and Operations National Launch in Washington D.C.Innovations in Manufacturing and Operations are critical to improving the nations r