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Sunday, October 12, 2025

New Technologies and Industrial Engineering


Industrial Engineers have to lead their organizations in understanding and adopting new technologies. - Narayana Rao. 26.7.2025



Latest New Technology - Agentic AI


"Achieving such impact, however, requires more than implementing new technology." - I agree with the statement. The company may initiate use of technology on pay per use basis or ownership basis. Spread of usage requires application in different processes or workflows. Industrial engineers are specialists in incremental process improvement for productivity gains. Hence using new technology in an existing process comes under their job role. - Narayana Rao, 12.10.2025.  Comment by Narayana Rao on Stephan Bloehdornta's LinkedIn post.


Stephan Bloehdornta, Partner, IBM Consulting | Scaling Data & AI for Industrial Applications


AI - Powering the Transformation of the Industrial Sector


An increasing number of organizations across discrete and process manufacturing, life sciences, and energy & utilities are starting to adopt Agentic AI to boost productivity, to change customer interaction, and to create new products & services. Early outcomes point to the broader potential of agentic AI to drive significant operational and market gains. Achieving such impact, however, requires more than implementing new technology - it calls for clear direction, effective cross-functional alignment, and thoughtful redesign of workflows, talent structures, and governance models. 

https://www.linkedin.com/posts/narayana-rao-kvss-b608007_ai-agenticai-industrial-activity-7383170112729726976-az0I

https://www.linkedin.com/posts/stephan-bloehdorn_ai-agenticai-industrial-activity-7382418349592428544-1UdT

Agentic AI in banking. - EY


Olexander Tokunov

  

Senior Manager @ EY | Technology Consulting | Financial Services | Transforming Challenges into Opportunities: Visionary Leadership & Boundless InnovationSenior Manager @ EY | Technology Consulting | Financial Services | Transforming Challenges into Opportunities: Visionary Leadership & Boundless Innovation

2 weeks ago 


𝐀𝐠𝐞𝐧𝐭𝐢𝐜 𝐀𝐈 𝐢𝐬 𝐦𝐨𝐯𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐝𝐞𝐦𝐨𝐬 𝐭𝐨 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬 𝐢𝐧 𝐛𝐚𝐧𝐤𝐢𝐧𝐠. 


The latest MIT Technology Review x EY study makes one thing clear: the next wave of value won’t come from bigger models - it will come from better operating models.


𝐖𝐡𝐚𝐭 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲 𝐬𝐚𝐲𝐬:

🔹𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐢𝐬 𝐫𝐞𝐚𝐥: 70% of banking leaders say they’re already using Agentic AI to some degree (16% deployed, 52% piloting).

🔹𝐂𝐥𝐞𝐚𝐫 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐬 𝐭𝐨𝐝𝐚𝐲: highly capable at fraud detection (56%) and IT/security risk management (51%), with material gains in customer experience and efficiency (41% each).

🔹𝐓𝐡𝐞 𝐟𝐫𝐢𝐜𝐭𝐢𝐨𝐧 𝐩𝐨𝐢𝐧𝐭𝐬: governance, risk and compliance is the top barrier (63%), followed by skills gaps (58%) and data quality/integration (54%).

🔹𝐓𝐫𝐮𝐬𝐭 𝐡𝐞𝐚𝐝𝐰𝐢𝐧𝐝𝐬: only 42% trust financial services firms to manage AI in their best interests; 30% actively distrust; just 14% expect “trust” as an outcome from Agentic AI.


𝐒𝐨, 𝐰𝐡𝐚𝐭’𝐬 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐭𝐞𝐬𝐭 𝐟𝐨𝐫 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐥𝐞𝐚𝐝𝐞𝐫𝐬?

It’s not how fast you pilot new AI tools.


It’s whether you’re willing to:

✅Rethink your processes from first principles.

✅Invest in data as a strategic asset, not just a compliance checkbox.

✅Build governance that’s proactive, not just protective.

✅Reskill your teams to challenge and supervise AI, not just operate it.

✅Enable governed citizen development with approved toolkits, role-based data access, and audit trails.


Start assistive. Earn autonomy as your operating model matures.


https://www.linkedin.com/posts/olexander-tokunov_reimagining-the-future-of-banking-with-agentic-activity-7376148446250184704-9Hbj




 2025 - A to Z Industrial Engineering - Blogging Theme - Industrial Engineering Benefits the Society and Organizations




Industrial Engineering - Systems/Processes/Methods Improvement Using Engineering solutions creatively.

Industrial Engineering - Prime focus - Productivity Improvement.

Productivity improvement gives National Prosperity and Organization Prosperity.



Source: https://www.linkedin.com/posts/national-productivity-council-gandhinagar_cartoonseriesabr10-productivity-economicgrowth-activity-7301162658278379520-eyyl


Industrial Engineering - Cost Reduction through Productivity Improvement.


Productivity Improvement Using  Productivity Science - Productivity Engineering - Productivity Management.


Industrial Engineers  have to be pioneers in New Technology Adoption.

Principles of Industrial Engineering -Taylor, Gilbreth, Emerson, Mogensen, Barnes, Maynard. IISE Conference Presentation Video - 9905+ views.



Technology Monitoring - Applied Industrial Engineering

EIRMA (1999) working group report.

Technology monitoring is:  “the identification and assessment of technological advances critical to the company’s competitive position and of detecting changes and discontinuities in existing technology; new emerging technologies with potentially significant impact on the company’s products and market and its production and business processes.”

Industrial engineers have to specifically note, "the identification of   new emerging technologies with potentially significant impact on the company’s products and market and its production and business processes.”

Industrial engineers have to do product industrial engineering, facility industrial engineering and process industrial engineering.

To identify new technologies as they are ready for commercialization, industrial engineering, a discipline and profession connected to engineering processes and activities of the organization has to do technology monitoring to protect the productivity advantage of the organization.

New Technology -  Understanding, Analysis and Improvement by Industrial Engineers


Understanding the New Technology - Engineering Economic Analysis - Productivity Assessment and Improvement


"Industrial engineers design, improve, and install integrated systems of people, materials, information, equipment, and energy." Key among these things we do are improvement and integration. "Industrial engineers are involved in products, processes, and services, from "hard-core" manufacturing to health care and insurance"

Source: "Technology's Impact on the Future of Industrial Engineering"
C. Patrick Koelling, Mario G. Beruvides, and Kriengkrai Tankoonsombut,
Computers ind. Engng VoL 31, No. 1/'2, pp. 5 - 8,1996
19th International Conference on Computers and Industrial Engineering

Industrial engineering improves productivity of production and other engineering systems through redesigning products, processes and optimizing using mathematical and statistical methods. It also uses economic analysis to identify and reject non economic engineering ideas or designs. It measures work, cost and productivity to understand the current performance of engineering systems. It redesign human work to improve productivity. It examines the productivity impact of  management methods and redesigns them also. It also takes responsibility for productivity management of the organization. So whenever a new technology emerges in an organization or a potentially useful technology emerges in the environment industrial engineers have the responsibility to understand it, analyze it and improve it.

Understanding the New Technology


The is the starting point. Because industrial engineers are responsible for productivity measurement and improvement of the use of new technology in the organization, they have to begin understanding it the moment they become aware of it. They have to start reading the articles, the brochures distributed by the sellers of the technology or developers of the technology, attend seminars on technology, and utilise the opportunities to observe the technology in use etc.  

Using the New Technology on Trial Basis

Engineering Economic Analysis


The next step after adequate understanding is the engineering economic analysis. Whenever a new technology appears, industrial engineers have to identify the defender technology in the organization and see whether in the economic analysis the new technology wins or the defender technology wins. If the new technology wins, they have to recommend its adoption. To do engineering economic analysis, industrial engineers have to estimate the costs and benefits of the new technology and defender technology. This forces them to go into more details of the new technology and as they complete the engineering economic analysis, they will have much better grasp of the new technology. 

In case the defender technology wins, the adoption of the new technology is postponed. But industrial engineers have to monitor developments in new technology that are going to improve cost parameters of the new technology. So, industrial engineers have redo engineering economic analysis of new technology versus defender technology periodically to check and find time at which the new technology becomes economically the appropriate choice. In this exercise, industrial engineers become more and more conversant with the technology.

Productivity Assessment and Improvement


Engineering economic analysis is a strategical level analysis in the problem of technology adoption. As the technology is being implemented in the organization various problems crop up and technology implementors come out with various adhoc solutions to solve the teething problems that are more location specific. When  the production bugs are sorted out and commercial production starts, the project of technology implementation is declared success and closed. Now the responsibility of running the facilities with the new technology is transferred to the operations function. Industrial engineers now have the responsibility of recording the actual processes being used by the operations people and evaluate the productivity implications of them. This particular studies can be categorised as "operations industrial engineering analysis." Operation analysis is the term used by H.B. Maynard to study the production process of a component or product. It involves the study of every resource used in the production process to identify waste, come out with an engineering idea to eliminate the waste and do the required design or arrange for the required development and design so that low cost alternatives that eliminate the waste are implemented in the process. This is the productivity improvement contribution by industrial engineers. Productivity improvement studies of a process are to be conducted periodically and also whenever IEs feel that there is a technological development that has the potential to improve productivity of a process. This makes the industrial engineering department responsible for monitoring technology developments that have productivity benefits for the organization.

Generative AI.

One of the new technologies of the current day is Generative AI.


What are the top 100 #GenAI use cases? This updated Harvard Business School report refreshes the 2024 inventory.


Top 5:

1. Therapy / companionship (2024 - 2) 

2. Organize my life (2024 - N/A) 

3. Find purpose (2024 - N/A)

4. Enhance learning (2024 - 8)

5. Generate code (pros) (2024 - 47)

https://www.linkedin.com/posts/ctkraft_top-100-ai-use-cases-ugcPost-7316276856884723712-bCOl


The shift in use cases in the last year, particularly in the movement in the personal space. 


https://www.linkedin.com/posts/anthea-roberts-a8596b142_this-is-really-interesting-amazing-to-activity-7316587563589279744-UC2c


McKinsey Technology Trends Outlook 2025

July 22, 2025

Report

Fifth edition

https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-top-trends-in-tech


3D Printing - Additive Manufacturing Industrial Engineering - Productivity Science and Engineering


3D Printing - Additive Manufacturing Industrial Engineering - Productivity Science and Engineering


Design for 3D Printing - Additive Manufacturing - Product Industrial Engineering

3D Printing Materials

3D Printing - Production Applications

Additive Manufacturing - 3D Printing - Human Effort Industrial Engineering


2024
McKinsey Technology Trends Outlook 2024
July 16, 2024  Report


Industrial Engineering - Introduction

Industrial engineering Principles, Methods Tools and Techniques

Liked Some Aspects of the Job Description that Emphasize Learning About New Technology and Products as well as Accessories.

Tafadzwa Nyemba 
Production Engineer | Agricultural Mechanisation Expert | Agri Tech Enthusiast |

Department of Agricultural Engineering Mechanisation and Farm Infrastructure Development.
Marondera, Mashonaland East Province, Zimbabwe


Mechanisation Engineer
Department of Agricultural Engineering Mechanisation and Farm Infrastructure Development · 
Jul 2022 - Present 
Marondera, Mashonaland East, Zimbabwe · 


o Responsible for 32,230km2 of agricultural land by facilitating availability of farm machinery and latest technologies to farmers (small scale - large scale) in 9 districts within Mashonaland East Province, appraiser of 6 technical staff and senior management reporting.

o Conducting research and development of agricultural machinery and accessories to ensure incorporation of best practices , latest trends and technologies to enable decision making.

o Planning for the establishment , maintenance and supervision of an effective and viable tillage program for the Agricultural sector. 

o Testing farm power tools , implements and machinery related technologies and promoting their transfer to uptake pathway for adoption and scaling up.

o My comprehensive end-to-end responsibility encompass every facet of farm power and machinery within the province, disseminating latest information on farm machinery and staying updated on emerging AgTech trends , research and innovations.




An Interesting Job Description Portion.

o Conducting research and development of agricultural machinery and accessories to ensure incorporation of best practices and latest trends and technologies in farm processes. 

o Staying updated on emerging AgTech trends, research and innovations.

o Testing farm power tools, implements and machinery related technologies and promoting their transfer to processes. 

o Disseminating latest information on farm machinery.


I asked this question in LinkedIn Groups on 5.12.2024

As an Industrial Engineer Do you scan and become aware of new products and technologies to improve processes?










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New Technologies and  Industrial Engineering


Earlier Articles


https://nraoiekc.blogspot.com/2025/04/advances-in-engineering-and-industrial.html


https://nraoiekc.blogspot.com/2017/05/new-technology-understanding-analysis.html


https://nraoiekc.blogspot.com/2020/09/new-machine-tools-productivity.html




An approach to boosting US labor productivity

McKinsey Global Institute

May 25, 2023 | Interview

https://www.mckinsey.com/mgi/our-research/an-approach-to-boosting-us-labor-productivity


What we have to do is use the right technology tools to actually change business processes in a way that improves productivity. - Beth Cobert

The above responsibility is with industrial engineers.



What we have to do is use the right technology tools to actually change business processes in a way that improves productivity.


You can modify the above statement by using new technology in place of the right technology.


What we have to do is use the new technology tools to actually change business processes in a way that improves productivity. The responsibility is with industrial engineers.





Post Included In

Modern Industrial Engineering - LinkedIn News Letter - May 2025 Issue. 

Topic of Focus - Current Issues of Interest in Industrial Engineering to Make it Effective.

https://www.linkedin.com/pulse/current-issues-interest-industrial-engineering-may-2025-kvss-1hekc


A to Z of Industrial Engineering - Blogging Challenge April 2025 -  Posts

https://nraoiekc.blogspot.com/2025/02/a-to-z-of-industrial-engineering.html


Existing Collection of Articles

A to Z of Industrial Engineering - Principles, Methods, Techniques, Tools and Applications

https://nraoiekc.blogspot.com/2018/06/a-to-z-of-industrial-engineering.html

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Ud.  12.10.2025, 26.7.2025

Pub. 16.4.2025


at

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