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The adoption of digital technologies such as artificial intelligence (AI) allows the manufacturers to meet the changing demands of the customers. AI provides the edge to the manufacturers to help them grow and adapt to the fast-changing demands. In fact, AI has greatly affected the manufacturing sector than any other sector. The demand for AI in manufacturing has increased due to several benefits such as human-robot collaboration, better products with innovative designs, and smart maintenance of products. Therefore, the increase in the use of machine and computer vision is bound to boost the growth of AI in the manufacturing sector.According to Allied Market Research, the global AI in manufacturing market is predicted to reach $15.27 billion by 2025, growing at a CAGR of 55.2% from 2018 to 2025.
AI in manufacturing: A solution against COVID-19 -
The COVID-19 pandemic has shaken all the industries severely in an unprecedented and unexpected way and has affected the demand, supply, and workforce across the globe. The manufacturing industry plays an important role in the economic development of a country as it provides jobs. However, the lockdown and social distancing regulations have hampered the market growth. What’s more, more than millions of daily-wage workers had to leave the metro cities and moved back to their native places, which has created the labor shortage.
On the contrary, the adoption of AI in manufacturing could be a novel solution to fight against all odds. AI-based machines can add value to the manufacturing process as they reduce the manual handling of equipment at each manufacturing step. Moreover, the adoption of AI enhances production efficiency due to machine-human interaction. Manufacturers should start adopting AI and other digital technologies such as the Internet of Things (IoT) and robotics to deal with the shortage of the workforce and increase the business performance.
The evolution of AI in manufacturing -
For a developing countries such as India, there is a dire need to focus on technology-driven systems to make the country’s future a better one and the citizens, self-reliant. During the pandemic, the adoption of digital technologies such as AI would help the manufacturing industry to bring down labor costs, product defects, unplanned downtimes, and increase the production speed. AI helps in manufacturing operations from design to delivery. The manufacturing industry has been using automation and robotics for years, and to experience a real-shift in competitiveness, the manufacturing units should start exploring more cost-effective customizations.
AI in digital manufacturing -
To succeed in the digital manufacturing sector, it requires extreme efficiency. Every step in the manufacturing process must be in a precise order to eliminates potential errors and maximize productivity. Digital manufacturing allows an end-to-end evaluation of all the workflow before production as well as during the manufacturing process. AI can be revolutionary for the digital manufacturing sectors as it uses programs to assess huge streams of data and help to maximize the decision-making speed and quality.
The use of AI ensures reliability and helps the operational teams to simplify decision-making. The COVID-19 pandemic has brought forward the importance of the manufacturing processes that are digital end-to-end. The biggest relief is to the e-commerce companies where there is a limited need for human contact from the ordering processes where all the communications are handled via online mediums.
There is no doubt that the field workers are essential but in the case of digital manufacturing, fewer operators are needed. Moreover, driven by AI, digital manufacturing allows resolving the critical manufacturing issues earlier in the design process instead of resolving at the time of manufacturing. Moreover, the use of AI in digital manufacturing ensures successful manufacturing and improved quality of the product along with a reduction in the cost and time required for production.
Several leading companies such as Volvo and General Motors have used AI in the manufacturing process leveraging its intelligent features. AI in manufacturing is a game-changer owing to its potential to transform the performance and manufacturing process completely. Due to the rising standard of living and developments in emerging economies, the AI in the manufacturing unit would face an increase in demand and soon all the companies would use AI in manufacturing rather than the traditional manufacturing methods.
Contact Info:
Name: David Correa
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Organization: Allied Market Research
Address: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 1-800-792-5285
Website: https://www.alliedmarketresearch.com/
Release ID: 89029265
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