Future of Artificial Intelligence in Manufacturing Sector

Webtunix Blog

A good manufacturing unit is the main building block of any industry. The industrial revolution led to speed up the manufacturing process to many times. Now, it is the time for the fourth industrial revolution and it is said that artificial intelligence is going to play a major role in this revolution. Artificial intelligence applications have given more power and intelligence to the machines. 

Today’s consumers have a lot of options to choose from. They demand the best and customized product over generalized products. Local manufacturers have to match the quality and standard with that of global manufacturers. These factories, manufacturing, and power plants have to take the help of artificial intelligence automation in order to improve the quality of the product and cope with the rising competition.

Manufacturing units also have to face challenges like reducing the cost of production. Due to huge competition in the market, manufacturers have to reduce their cost of production of every unit to gain the profit margin. Machine learning applications automate the tasks and this helps in reducing the human task force. The efficiency is also improved as machines have a less margin of error.

Manufacturing units can’t just keep on manufacturing the products without forecasting the demand for the product. This is because in future if due to any factor the demand of the product gets reduced, the organization has to incur a huge loss. For better optimization of the resources, it is necessary to forecast the future demand for the product. Artificial intelligence services are helping in better forecasting the demand for the product.

Let us now discuss how artificial intelligence is helping the manufacturing sector.

  1. Automation

Automation is helping the manufacturing industry to function with a high level of accuracy and improve productivity. Artificial intelligence robots are performing at a level that is beyond the level of human capability. These machines can work in an environment that is dangerous and life-risking for the humans. The speed of operations has also improved with the automation in the manufacturing industry. Machine learning algorithms can perform the repetitive and boring tasks for the humans. This helps in engaging the human task force in more complex and challenging task.

  1. Demand forecasting

Overproduction or underproduction of goods can impact the profits of the organization. Artificial intelligence and machine learning applications can forecast the consumer demand. By manufacturing in accordance with the consumer demand, manufacturers can prevent the risk of loss from underproduction or overproduction. Artificial intelligence is also helping in the supply chain optimization. This is helping in avoiding the bottleneck situation between the manufacturers and the retailers.

  1. Quality Control

Artificial intelligence applications have also led to improving the quality of the products. Artificial intelligence robots have the high precision of accuracy. They can be calibrated to the accuracy of millimeters. Artificial intelligence applications help in maintaining the similarity between the products. Take an example of laptop manufacturing where thousands are parts are manufactured at different places and they need to be integrated perfectly in one place. AI robots help in making the better quality product. They also perform the quality check of the products. Computer vision and machine learning technology have made it possible to check the quality of the end products. AI machines have the capability of checking hundred of units per second.

  1. Safer Workplace

Artificial intelligence applications are able to make the workplace safer for humans to work. Humans tend to ignore minute details that are invisible through human eyesight. Artificial intelligence and machine learning help in finding out the minute defects in the manufacturing units. These robots have the capability to detect any potential risk in the manufacturing unit. This can avoid an accident at the workplace and hence makes the workplace safer to work.

  1. Improved monitoring

Artificial intelligence applications in manufacturing have enabled better monitoring in the production process. There are a lot of parameters that affect the performance of the machines. Artificial intelligence helps in keeping an eye on the operating parameters of the machines. This can include the working temperature of the machine, oil and gas pressure, air pressure and many more parameters. Artificial intelligence helps in keeping an eye on these parameters. This helps in reducing the failure of the machines.

  1. AI in Supply Chain

AI applications have a huge impact on the supply chain of the manufacturing unit. In the supply chain, machine learning algorithms are able to predict the demand based on various parameters like market trends, customer response, competition in the market etc. Based on the prediction, manufacturing units can take decisions like human staffing, buying raw material etc. Artificial intelligence companies are building software solutions for the manufacturing units that are tailored and customized according to their needs.

Conclusion

Artificial intelligence has revolutionized the manufacturing sector by automating the tasks in the manufacturing units. No doubt artificial intelligence is going to play a major role in the fourth industrial revolution. Artificial intelligence as a service may be an efficient, cost-effective and speedy solution for carrying out the operations. But it is nowhere close to replacing the human's intelligence and thinking ability. In the upcoming future also, there is a little chance that AI machines can overtake humans in terms of intelligence and creativity. Webtunix AI is an artificial intelligence company that is helping manufacturers to automate their processes and improving the performance to manifolds.