Manufacturing has always been a labor-intensive industry. Before the industrial revolution, people needed to pick up the material, transport it, make the product, sell it, and so much more. Then came the time of machines. They did make it possible for businesses to reduce their reliance on labor while creating brand-new industries to redirect the efforts of the people. Now, machines picked up the heavy things, and people operated them. Now, we have artificial intelligence, a technology that has the potential to remove the need for humans from all repetitive tasks.
Moreover, the use cases of artificial intelligence services in manufacturing industry, ranging from predictive maintenance to demand forecasting, and so much more.
In this post, we will discuss the impact of artificial intelligence on manufacturing, its various use cases, and everything businesses need to know before incorporating this new technology into their operations.
The Role of Artificial Intelligence in Manufacturing
In the utopian world, manufacturing will benefit from artificial intelligence in a variety of ways. To begin with, it will optimize the production processes, minimize waste, and maximize efficiency. Moreover, it will enable personalized production, sustainable manufacturing, enhance safety, and ensure ethical and responsible development.
Best of all, it will allow collaboration between humans and AI in manufacturing, allowing the human workforce to focus on creative and strategic roles while AI manages routine tasks.
AI for manufacturing will turn the places of production into genius factories, making things better and faster using real-time information.
It is predicted that by 2028, the AI in the manufacturing market will grow to $20.8 billion. While the dream of having machines that can think, learn, and make decisions, fully automating the manufacturing process is still far away, we have already started experiencing the impacts of AI in manufacturing.
Artificial Intelligence Manufacturing – The Various Use Cases & Examples
The use of AI for manufacturing has led to innovations in the industry. It has propelled businesses forward and made it possible for them to get to new levels of profits. Here are some of the most common uses of artificial intelligence in manufacturing that are already being used by businesses:
1. Predictive Maintenance
The use of IoT technology along with artificial intelligence can predict the future. Detecting the early signs of failure, it can tell when the machine is likely to stop working, so that you can make the repairs before you have to bear the losses of factory not working.
2. Quality Control
Artificial intelligence in manufacturing quality control can assist the checking process. AI with Internet of Things, like cameras assess the final product thoroughly to pinpoint even the tiniest of mistakes. Tesla uses the AI technology to get more accurate car quality checks.
3. Supply Chain Optimization
Over or understocking of material leads to waste. AI's power to process huge amounts of data simultaneously allows it to accurately predict the need for materials and cut down on expenses. Toyota is one company that is currently using AI in supply chain for reducing their overall cost of production.
4. Demand Forecasting
Companies save and sell a lot more when they can forecast the overall change in demand. Examples of artificial intelligence in manufacturing include Siemens AG in Germany. It is a company focused on creating machines and energy that uses AI to forecast demand for efficient resource allocation and cost-effectiveness.
5. Production Line Optimization
Optimizing production lines for maximum productivity is the ultimate goal of all manufacturing firms globally. AI assists with this goal by analyzing lots of information and creating suggestions on how to improve the results.
6. Robotic Process Automation
Robotic Process Automation, or RPA, is the perfect tool to automate repetitive tasks. Generally, it includes entering data and managing supplies.
7. Inventory Management
Managing your inventory well can be the difference between repeat customers and lost business. With AI, it is possible for businesses to forecast the demands of customers and the needs of the business to keep their inventory at optimum levels at all times.
8. Order Management
AI can allow for dynamic pricing while changing the inventory and processing orders automatically. AI allows for better order management, makes the decision-making process faster, and ensures a customer-centric approach.
9. Cobots
Today, big brands like Amazon are using Cobots or collaborative robots to increase productivity. They collaborate with human operators, especially at the fulfillment centers for picking and packing. These robots use AI systems to identify objects and navigate complex areas.
10. New Product Development
The introduction of AI has also changed the ways in which new product development is conducted. Businesses are now using the technology to analyze huge datasets. They are extracting insights from market trends, running a complete analysis on competitors, and understanding customer preferences using the technology. In turn, they can leverage the data to make better decisions and ultimately, the better results.
11. Streamlined Paperwork
AI solutions for manufacturing also include the use of artificial intelligence to automate the process of bookkeeping. From managing paperwork to streamlining decision making, the technology does it all.
12. Connected Factories
Artificial intelligence in manufacturing allows businesses to link their factories, facilitates machine-to-machine communication, and facilitates quick modifications.
What is the Impact of AI in Manufacturing?
The utilization of AI in manufacturing is allowing businesses to reap a range of benefits, including but not limited to:
- Increase efficiency: It can optimize the production process, minimize downtime, and even increase overall efficiency.
- Better quality control: AI can detect defects and inconsistencies early enough in the production process.
- Predictive maintenance: The technology predicts equipment failure in advance to minimize overtime and, hence, maintenance costs.
- Personalized Manufacturing: AI mass customization allows manufacturers to create manufacture-to-order for an individual customer's demands.
- Enhanced Safety: The AI can identify and report dangers at work and minimize accidents and injuries.
- Low Cost: The advancements of AI can save costs in that it can standardize all processes, resource use, and waste.
- Innovation: AI can establish novel goods and processes and introduce innovation in manufacturing processes.
The Future of Manufacturing with the Advancement of AI
The manufacturing industry is going to go through drastic changes with the advancement of AI. It will revolutionize production processes because AI will be able to analyze huge data sets, learn from experience, and make decisions based on intelligent probabilities. Predictive maintenance minimizes downtime with highly customized products made through AI, which will create never-before-seen levels of efficiency and innovation. AI can also assist manufacturers to better manage their use of resources and minimize waste. Maintaining a manufacturer in better control of the use of resources is where a future with smart, advanced AI will take us.
Artificial Intelligence Solutions – The Perfect Companion for Businesses with Aspirations for Greatness
Manufacturing is an industry that will always require a lot of productivity. It is also one of the most labor-intensive departments; therefore, it is possible for businesses to lower the overall cost of their operations and improve their revenue.
The fact remains that the potential of AI is only limited by the imagination of humans. So, these are only a few of the several use cases the technology is capable of, currently. Moreover, as technology improves, it will only go forward from here.
If you have a pain point that you would like to address using AI technology, get in touch with MoogleLabs. Our team of consultants can guide you on your journey to create a revolutionary technology that helps you reach new heights.