Artificial Intelligence systems can not only simplify operations in manufacturing but also give early warnings, contribute towards quality management and quality control. They can also predict machinery breakdowns and apparent use cases such as automation and robotics. Many companies implement different AI algorithms for decision-making in real-time for their industrial IoT (IIoT) applications... In AI-based applications, it's important to realise that this data is the ruler. The main feature of using AI to optimise organisation and derivative insights is collecting, cleaning and preparing data.
The manufacturing industries are under pressure from industry 4.0 to digitise and grow their supply chain operations via the Internet of Things (IoT). Moreover, by integrating greater visibility, stability and organisational competence in the supply chain network, the manufacturing industries have transformed using AI and ML techniques. Solid market forecasts and better decisions by systematic scenario analysis are also included. It also utilises mathematical modelling techniques for the inventory optimisation process. The stock amount and the missed revenue scenario study are performed.The manufacturing units adopting AI optimise their operations by improved monitoring and process correction, resulting in obsolete machines being detected and adjusting parameters to achieve better results in the process. All of these contribute to reducing the cost of production in the manufacturing industry by quantifying tacit and concrete labour costs and finished product costs. AI and robotics in the production and supply chain industries depend upon the government and the intervention of the private sector.
Glass bottle manufacturing in progress at AGI glaspac.
This story is from the June 2021 edition of SME World.
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This story is from the June 2021 edition of SME World.
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