Industrial Revamp: Future of Manufacturing
By: Brian Wei, BMW i Ventures
The manufacturing sector is at an inflection point where it is adopting novel technologies to speed up product development and streamline processes, such as adopting IoT platforms, robotics, AI/ML, big data applications, wearable devices and exoskeletons, AR/VR applications, and extensible, modernized software relating to the manufacturing space (e.g., ERP and MES).
This is an exciting time for newer entrants as there exists a labor gap for the manufacturing industry, geopolitical tailwinds, and breakthroughs in underlying technologies. Innovation comes in a variety of flavors across the development, logistics, and execution processes in manufacturing:
Key opportunities I’m following fall within the following areas:
- Software for hardware engineers that speeds up innovation cycles
- Vertical SaaS that creates a more resilient supply chain
- Horizontal software to enable streamlined workflows in robotics
- Enabling workplace safety through computer vision offers operational efficiency gains
Learn more about the Future of Manufacturing in a companion presentation, which you can find here.
Contact Us
Responsible, sustainable, and lawful conduct is an integral part of the values of the BMW Group. The BMW Group's reporting system is open to all employees, business partners, customers, or other third parties for reporting specific or potential legal violations. In this way, risks can be identified and addressed at an early stage and, if necessary, appropriate remedies can be provided. Confidentiality and the protection of informants are paramount here. On request, information can also be provided anonymously.
For further information on the reporting channels and the respective process, please visit: BMW Group Compliance
