Tech at the edge -Trends that need to reshape NZ -*Doug Marsh, JP

Efficiency, productivity, and profitability via Wright’s and Moore’s scale Law has been the quintessential mantras for global manufacturing industries. There is a lot of haze around the benefits of AI in digital manufacturing in NZ and how it has been key in driving transformation from conventional manufacturing to digital.

Entrepreneurship Innovative AI Technology is the creator of insane economic growth from the early 2020’s.

But NZ was slow, even complacent, to the onslaught of new technologies hitting world markets.

But reflective thought of some of the more relevant tech AI trends lays out a convincing, even exciting, state that something significant is happening.

It is the magnitude of these changes that is opening the door to new innovations - business growth transition, business model productivity gain and PEG Many AI-based solutions give agility responsiveness to changing conditions in real-time for greater confidence safety, profitability, and sustainability. The use of AI is to increase throughput and yield and to reduce conversion costs.

One of the biggest hurdles for many manufacturers is to scale effectively. This is the fundamental purpose to fully benefit from the impact of AI. Difficulties arise from a lack of AI capabilities/ it is a major contributor to South East Asia’s economic superiority through semi conductor innovation.

The “Fish Rots From the Head” and NZ manufacturing, it is said, is “cast” in the lower quartile of global competitiveness productivity and advanced technology take upa clarion call for NZ to do better. Exploring realistic scenarios, implications, and opportunities to forge competitive advantages increase exponentially in terms of profitability scaling and innovative Tech at the edge Research reveals innovation develops faster by virtual connectivity with global peers making it cheaper easier to test, launch, and scale innovations. 90’s strategic thinking cannot hope to keep pace on it’s own.

Companies need to be much more involved in global digital networking outside their organisation’s day to day routines to tap opportunities and acquire innovative and execution know how.

They will also benefit from government monetary incentives.

South Korea business through Government collaboration resulted in incentivising and manufacturing for:

* Technology take up

* Productivity growth

* Innovations and competitiveness globally commercialised delivering export incremental growth

*Doug Marsh

Life Fellow IMNZ, Fellow IoDNZ (Rtd)

40 year Chair Director

Manufacturing Entrepreneur

Consul South Korea (Rtd)

Founding President Business NZ

NZ Past President Inst. Management