The Transformative Power of
Artificial Intelligence (AI) in Manufacturing
WRITTEN BY: JOHN CLARY AND LIV CLARY
In recent years, Artificial Intelligence (AI) has emerged as a game-changer in various industries, and manufacturing is no exception. With AI’s ability to analyze vast amounts of data, automate processes, enhance productivity, and improve decision-making, AI is revolutionizing the manufacturing world.
Meet Your New Colleague, Co-Bot
Using real-time sensor data and historical maintenance records, AI robotics offer predictive service systems, identifying potential equipment failures before they occur.
AI-powered robotics and automation systems are now active participants on manufacturing floors. Known as collaborative robots (co-bots) work alongside human employees, adapt to changing environments, learn new tasks, and make autonomous decisions. According to the International Federation of Robotics, global robot installations in the manufacturing sector increased by 12% in 2020, making 2020 the 3rd highest sales of industrial robotics ever.
Leveraging machine learning algorithms, manufacturers can use AI to optimize maintenance schedules, reduce unplanned downtime, and save on costs. According to a report by McKinsey & Company, predictive maintenance can increase machine time by 10%-20% and significantly reduce maintenance costs (2021).
Being the new overachiever of the workplace, AI can also spot product defects. By comparing product images against pre-defined quality standards, AI algorithms can identify imperfections that may be missed by human inspectors. This not only improves product quality but also reduces the likelihood of faulty products reaching customers. By predicting demand fluctuations, overseeing inventory levels, and identifying bottlenecks, companies like IBM and Amazon are maximizing AI for their supply chain and inventory processes.
AI is revolutionizing the manufacturing industry, unlocking new possibilities for increased efficiency and cost savings. By harnessing the power of AI, manufacturers like Tri-State Media and BarcodeLabels.com are embracing a new era of manufacturing excellence.
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