When it comes to leveraging Artificial Intelligence (AI) and Machine Learning (ML) technologies, the manufacturing sector can be considered as one of the biggest beneficiaries. This sector could bring automation while deploying this technology on a larger scale as compared to other sectors. Globally, AI has emerged as a vital component of digital transformation solutions designed for the manufacturing industry.
Be it monitoring remote assets or predicting maintenance of equipment, managing supply chain, or offering personalized customer experience, AI always lends a helping hand. It facilitates manufacturers to address many internal challenges efficiently. Let’s understand the future of AI in the manufacturing sector and how it is going to bring radical changes in core processes over the period in this post.
Scope of AI in Manufacturing Industry
Drones and robots are being used in the manufacturing sector since 1960’s. They are useful in managing recurring activities and designing various models while ensuring superior levels of quality.
AI-powered robots promote mass production by bringing automation. They can assist manufacturers to increase competence and eliminate the chances of human errors without affecting the performance of core processes.
Employee safety is one of the key priorities of the manufacturing industry. Every year, several fatal errors and accidents take place on the manufacturing plants globally that claim many lives.
AI technology, on one hand, requires less human resources for carrying out potentially dangerous work, and on the other hand, it can automate overly laborious work. An AI app development company can make apps ready to manage risky tasks with AI-based features.
Facilitates 24/7 Production
Robots can continuously work for 24 hours in the production line. There is no need to arrange their shifts and manage tasks for available resources. As a result, manufacturing companies can expand their production capabilities without hiring new resources. AI-powered robots assist them to meet the customer’s increasing demands effectively over the period.
Reduces Operational Costs
Though implementation of digital transformation solutions with built-in features of AI and IoT requires high investment, the ROI also remains high in the long run. When intelligent machines start taking care of daily activities, the manufacturing industry can reduce the operating cost significantly. Unlike humans, these machines do not ask for flexible hours or more salary, and as a result, manufacturers can get a considerable reduction in operating costs.
Brings New Opportunities
AI technology has taken the manufacturing industry by storm and started automating repetitive and mundane human tasks. As a result, workers get more time to focus on complex and productive tasks. A reputed AI app development company can take care of unskilled labor, entrepreneurs can start thinking of innovative ideas to drive their company to an advanced level.
Development in machine learning techniques and advancements in AI technology can make machines more intelligent than ever. Machines can collect and extract valuable data, analyze patterns, and get adapted to new things in your manufacturing plant. NLP (Natural Language Processing) and speech recognition also facilitate manufacturers to enhance efficiency.
Simply put, the implementation of AI can manage the supply chain and inventory while reducing operational costs. Still, the potential of AI is not yet utilized completely. It is fair to mention that AI can impact the manufacturing industry in ways we have not expected yet. Here is what lies ahead for AI in the future.
Future Trends of Artificial Intelligence for Manufacturing Sector
The quality assurance department has been using advanced computerized visualization to detect product defects or operational issues in real-time.
These days, the manufacturing industry generates more information than ever and AI can analyze the information accurately while integrating with computer vision. It makes it possible to automate various processes related to supply chain and inventory management.
A factory worker can get raw materials from the shelf and the camera-based system will record the process and ensure complete safety at the warehouse.
Another major scope of AI technology lies in its combination with IoT (Internet of Things). This combination is known as AIoT (AI+IoT) and gives the best of both worlds.
On one hand, IoT can provide an advanced way to deliver products and services to customers, and on the other hand, AI can analyze the data fetched by connected devices to evolve services.
Together, the AIoT facilitates augmented generative design processes where manufacturers can re-imagine their products in ways for facilitate evolution.
As per an official forecast, AI technologies will bring a rise in production by 40% or more by 2035. What’s more, AI will increase the economic growth an average of 1.7% across top industries including finance and insurance, manufacturing, transportation & logistics, and the like. With this, we can also expect that AI will add Great Value to the manufacturing sector.
Talking about the benefits of AI for the manufacturing sector, we can consider the following ones-
- Manufacturers can make rapid and data-focused decisions
- It is possible to come up with enhanced production outcomes
- AI can minimize operational costs significantly
- It offers better scalability and enhanced product development process
Also, AI can improve collaboration and communication among employees and with customers. In a way, the manufacturing industry can expect a better ROI and revenue in the long run in AI-included digital transformation solutions.
An AI app development company can assist you to take the manufacturing industry to a new level by integrating advancements in AI technology. It is interesting to see how AI will bring revolutionary changes in the manufacturing sector in the coming years.