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Artificial Intelligence I in Manufacturing - Era of Digital Transformation
As a result of previous three industrial revolutions, manufacturing industries were benefitted through mechanization,
automation, and mass production. After the implementation of Industry 4.0, Artificial Intelligence along with machine
learning is gaining heavy traction in the manufacturing sector. Industry 4.0 has resulted in making manufacturing
“smarter” with the use of advanced technologies such as IoT thus, enabling companies to modernize their production
process and supply chain management.
The digital transformation of manufacturing as well as supply chain helps in directly analyzing data from factories using
advanced technologies including, Artificial Intelligence and machine learning. This results in gaining efficiency. The
customers can choose from a wide variety of goods, to the point of mass customization enabling them to design their own
product. With the rising competition and advancements in technologies, customers are turning to be more demanding
and choosy, looking for unique and personalized products over standardized products. Thus, manufacturing industry
worldwide is utilizing machine learning, automation, computer vision, and other AI fields to fulfil the increasing demands
by transforming their manufacturing processes.
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Companies are implementing these technologies to lower their manufacturing costs apart from catering choosy
customers. Even affordable countries such as China and Mexico are also witnessing increased cost of production owing to
downfall in the oil & gas industry, resulting in need for further cost reduction and efficiencies. Generally, in most of the
factories, unexpected equipment downtimes and failures, poor demand forecasting, unsafe and inefficient workplace
processes as well as bottlenecks in supply chain may lead to longer production cycles, wastage of resources, and low yields
thereby, resulting in revenue loss. Thus, adoption of Artificial Intelligence is emerging to eradicate these issues. Also,
shortage of skilled labor faced by major industries can be tackled with the help of implementing Artificial Intelligence.
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research in the form of report which is beneficial for various organizations and also to the manufacturing companies in
taking the best decisions for quality production.
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