Admix, trading under the name AI-NC, has developed state-of-the-art manufacturability feedback software called Computer Aided Pricing (CAP). The new platform provides design optimisation tools to engineers and manufacturers early in the product design to optimise the design, control the cost, and increase productivity whilst using the same technology to improve the quote generation and job management for the advanced manufacturing sector.
Productivity and applications of AI/Machine Learning in manufacturing
The Australian manufacturing industry accounts for around 6% of the national GDP, steadily declining over the last decades. Various factors affecting this decline include rising input costs and wages, which make manufacturing in Australia less competitive. In, A Fair Share for Australian Manufacturing: Manufacturing Renewal for the Post-COVID Economy, report Dr Stanford argues about the importance of improving productivity and quality standards by adopting applications of AI and Industry 4.0 systems in manufacturing. According to Dr Jim Stanford, the advanced manufacturing sector is a key component of our economy. Higher productivity can lay a foundation for sustainable economic growth and help create more high-paying jobs.
A powerful tool for everyone
Admix has built a unique AI/ML-powered SaaS platform for the advanced manufacturing sector. The new platform provides users with a wide variety of features to optimise the design for manufacturability. It contains a price optimisation engine that allows them to visualise and analyse the cost drivers and also has in-built communication tools to streamline the operations among different departments and engineering disciplines. The company has gained the support of some well-known Australian advanced manufacturing companies and could demonstrate compelling evidence of market demand for their solution. The subsequent trials will further validate the value proposition and reliability of the CAP platform in different enterprise environments.
Under the Australian Government’s Entrepreneurs’ Programme, the Accelerating Commercialisation service will provide $234,306 of the $468,613 project. Accelerating Commercialisation will support the development and commercialisation of their Engineering (CAP-E) and Manufacturer (CAP-M) product to ensure the software’s full potential is realised and to empower the Australian Advanced Manufacturing industry. This will result in a significant export opportunity for Australia that will create STEM jobs while helping Australia boost its advanced manufacturing productivity.