target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Note - Doc Document number: # EUR152432624
Building an Industrial-Grade AI Practice: Lessons from Siemens' AI with Purpose Summit 2024
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Abstract
This IDC Market Note reflects on the main lessons from Siemens' "AI with Purpose Summit 2024" that was held in Munich on June 10 and 11, 2024. The main themes were the future of AI, trust and regulation, data challenges, and scaling up. The conference was a valuable platform for examining the main drivers and challenges emerging from the real-life experience of hundreds of Siemens customers and partners.
"The integration of advanced AI technologies — such as industrial copilots, physics-based AI, and multimodal LLMs — is driving a transformative shift in industrial operations, and particularly significant is the concept of industrial copilots. These AI-driven systems assist in various industrial processes, enhancing efficiency, decision-making, and performance," said Lorenzo Veronesi, associate research director, IDC Manufacturing Insights.