The IMS Center at the University of Cincinnati successfully held it's first virtual, members-only Industry Advisory Board Meeting and Global Workshop on Industrial AI on March 19, 2021. The Industry Advisory Board Meeting included presentations from Center Director Professor Jay Lee and eight of the Center's researchers on topics ranging from ball screw health monitoring, to deep learning for fault diagnosis and prognosis. The Global Workshop on Industrial AI featured invited speakers from NIST (USA), Thapar Institute of Engineering & Technology (India), Siemens (USA), Politecnico di Milano (Italy), Predictronics (USA), Abbott (USA), and Luleå University of Technology (Sweden).