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The Festo AI strategy on products and processes

Industrial AI Podcast

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Is There a Business Model for AI Process Models?

I think the most promising at the moment is in engineering tools, because we don't have this whole chain yet. We cannot build a whole machine or a whole component from scratch by AI unless it doesn't have movable parts and you very much make it simpler. Jan: Until five years ago, when we talked about automation, it always had a negative social aspect. I mean, that was always a big thing and that has been changing in the last half a year. It's that people are looking towards because we're not going to have the humans to do all the things that we want to do - there's a huge potential.

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