Convergence of Artificial Intelligence and Manufacturing

Major companies are actively introducing digital technologies such as artificial intelligence into manufacturing. These technologies are a key factor in the realization of Industry 4.0 and will help the manufacturing sector maintain its position as a pillar of the global economy.

Globally, artificial intelligence is booming. Some organizations have predicted that new investments in AI will exceed $200 billion over the next five years. By 2025, the global AI market will reach $6 trillion, growing at a CAGR of 30%.

Challenges for Manufacturers

Today’s electronics market is characterized by increasing customer demands for design, materials, packaging, and production volumes, which can put a strain on resources and affect product quality and profitability. Manufacturers face a range of industry-wide challenges in balancing production speed with product value and quality.

For example, modernizing quality inspection techniques is necessary to meet the demands of disposable production lines. Manufacturers need to overcome multiple challenges, including shortfalls in production speed and product customization capabilities, fluctuating revenues, multi-client, multi-product production, tight production deadlines, maximizing production efficiencies, balancing capacity and supply chain demands, upgrading legacy inspection technologies, and adapting manufacturing floors to new technologies.

Toward a World of Artificial Intelligence

Introducing digital technologies such as artificial intelligence can help manufacturers meet the changing needs of customers and grow their business. Artificial intelligence can provide flexible, learning, and growing solutions to overcome manufacturing challenges and support businesses and customers. At the same time, with AI, we can also help employees utilize their knowledge more efficiently, be more productive, increase job satisfaction, and work in the most innovative and creative ways.

Artificial intelligence leads to more interchangeable systems that enable us to increase yields and scale up production more quickly and efficiently, as well as giving us more flexibility to deliver multiple products on a single production line, supporting the production of smaller, more cost-effective batches. This enables us to instantly customize products and improve the operational efficiency of our supply chain to meet market demand.

Artificial Intelligence and the Future of Manufacturing

Looking ahead, the outlook for artificial intelligence is very positive. The latest tech trends report shows that AI is once again at the top of the list of cutting-edge technologies. Technology can drive industrial transformation, and the role of AI in manufacturing is gaining prominence, with experts predicting that it will have a significant impact on the industry as a whole. According to a survey by the Boston Consulting Group and MIT Sloan Management Review, 84 percent of executives believe that AI will enable them to gain or maintain a competitive advantage.