Argo Engineering Solutions Ltd - new innovative high tech sail system 'FastRig'

The global defence industry has always been characterised by long-standing alliances and cost-driven procurement strategies. However, change is afoot. In fact, every minute, $4.03 million is being invested into emerging technologies, signalling a radical shift from traditional procurement practices to a bold embrace of innovation. Here, Simon Farnfield, event director at Advanced Engineering, explores this new trend and explains how it’s a strategic necessity in an era where technological advancements are rapidly defining the battlefield.

According to the 2024 PwC Global CEO Survey, 70 per cent of business leaders believe that generative AI will significantly change the way their business creates, delivers and captures value. However, many are concerned about the variety of risks associated with generative AI, including cybersecurity risk and the need for strict regulations over its use in the manufacturing industry. Here, Ian Gardner for Advanced Engineering, explains the great potential of generative AI, while also highlighting the significant risk it poses to manufacturers.