There are a lot of remarkable benefits of artificial intelligence technology. Countless industries are taking advantage of it.
One of the industries that is leveraging artificial intelligence the most is manufacturing. What are the main applications of AI? How will it change the industry?
AI Disrupts the Manufacturing Sector
Task automation, process optimization and increased productivity are the main advantages offered by the use of AI technology in production plants. The use of artificial intelligence in industry will double the annual growth rate of this sector by 2035.
One of the keys that defines Industry 4.0 or the fourth industrial revolution is artificial intelligence. A technology that extends human capabilities and is responsible, among other things, for analyzing the information that is extracted through IoT solutions. This is, in the case of the factory, the huge amount of data obtained from sensors installed on machines and other assets, leading to their digitization.
Analyst firm Accenture estimates that the use of AI in industry will double the annual growth rate by 2035, changing the nature of work and establishing a new relationship between humans and machines. The impact of AI on business is predicted to increase work productivity by up to 40% and enable people to make more efficient use of their time.
Benefits of AI on the factory floor
The digitization of production processes is far-reaching. It changes a company’s operations, but it also affects the relationships it maintains with customers and with the workforce, which will require new capabilities. The benefits of this transformation are:
Task automation: sensorization of machines facilitates better control of operations. Unlike traditional automation solutions, AI-based innovation automates complex physical tasks that require adaptability and agility, and enables self-learning.
Process optimization: by avoiding manual management, errors are reduced to a minimum, improving the efficiency of operations and facilitating real-time decision making.
Increased productivity: the systematization of certain processes allows workers to dedicate themselves to tasks in which AI has little added value and which are generally more creative. In this sense, artificial intelligence helps organizations to identify the potential of human capital to improve their performance and rate of return.
AI enables the design, development and implementation of new methods and systems for data management and analysis, moving from a reactive to a proactive or predictive approach. The Smart Factory by aggity platform integrates the use of artificial intelligence, deep learning and intelligent neural networks (ANN) techniques that, when applied to the industry sector, facilitate its digital transformation.
Thanks to analysis based on algorithms that adapt to every need, this solution converts large volumes of data from industrial processes into easily interpretable information. This makes it possible to monitor and evaluate performance at all times, as well as help prevent problems in the factory, manage product quality and work with the best possible operations.
According to data collected by aggity, the deployment of the solution translates into an average productivity increase of 35% and the elimination of 95% of paper use. It also reduces delivery times by 27%, work in progress by 24% and non-conformities by 21%, in addition to shortening data collection time by 72%.