AI, along with machine learning, has the potential to anticipate data to refine processes and to track incongruities all along the supply chain from source to finished product.
FREMONT, CA: The potential of Artificial Intelligence (AI) is far beyond human capacity when it comes to things like miniaturization and precision measurements, and also they deliver superior quality assurance. So, what are the advantages one can expect to see as the manufacturing business moves forward into the world of robots and AI?
Lower Operational Costs
Most businesses are viewing the introduction of AI into the industry with concern, as it needs huge capital investment. Return on investment, on the other hand, is essential and increases as time passes by. Upon taking over the daily activities by the intelligent machines, firms will benefit through significantly reduced operating expenses with predictive maintenance, assisting in helping additional reduction in machine downtime.
Nowadays, consumers are increasing their demand for exclusive, personalized products while continuing to expect the best value. With advances such as IIoT connected devices and 3D printing, it is becoming simple and cheap to meet these requirements. Additionally, using augmented or virtual reality design techniques indicates that the whole production process will be more cost-effective. Incorporating machine learning and CAD implies that systems can be designed and tested in a virtual representation before putting them into production, therefore reducing the expenditure of trial and error machine testing.
IIoT allows the collection of a vast amount of data and advanced analytics that can be employed to gain insights into customer behavior. Furthermore, trends can be anticipated, patterns recognized, and market enhancements forecast across time, geographic markets, and socioeconomic sectors. Besides, macroeconomic cycles, political developments, and even weather patterns are taken into account.
AI, along with machine learning, has the potential to anticipate data to refine processes and to track incongruities all along the supply chain from source to finished product. The instance is particularly aided by technologies such as RFID tracking that enable materials to be tracked without the need to go through a physical process like a bar code reader.