Wizata - Industry Report 2023

The Wizata 2023 Industry Survey provides valuable insights into how industrial manufacturers are preparing for the upcoming year. The majority of respondents are from the American and EU markets, with a focus on process optimization and quality control. The survey highlights that there is room for growth in yield improvement, predictive maintenance, and energy efficiency. As process optimization is heavily used by businesses, it represents the top area for AI project investment in 2023. Businesses are expecting AI to add value in energy efficiency, predictive maintenance, and process automation. However, the survey also highlights that lack of knowledge, internal culture, and data issues are the key challenges businesses face when implementing a new AI project. Misleading AI image/benefits and budget issues are also challenges that face businesses when implementing a new AI project. High expectations from AI is also mentioned as a challenge, with customers being very choosy in their benefits, especially in terms of how much they are saving or how much it's going to improve their profitability. Overall, the survey provides valuable insights into the current state of the industry and the challenges that businesses face when implementing AI projects. The report suggests that businesses need to focus on building internal knowledge and culture around AI, as well as ensuring that they have the right data sets and skills to implement AI projects successfully.