Artificial intelligence is finding its place in manufacturing. "The benefits of AI can include performance enhancement, cost control, optimization of processes, shortened product cycle development times, and improved efficiency." Though it sounds expensive, it can be relatively inexpensive to utilize and it could save you money. "Regardless of the application, when entertaining AI, industrial stakeholders should first focus on the main business problem they are choosing to address."
The influence of Artificial Intelligence (AI) in smart manufacturing is growing rapidly. Artificial Intelligence, according to the ARC Advisory Group, applies to any device that perceives its environment and takes actions that maximize its chance of success toward some goal. This includes a vast range of technologies, such as traditional logic and rules-based systems, that enable computers to solve problems in ways that at least superficially resemble thinking. According to a recent Accenture Artificial intelligence (AI) research report, corporate profits will increase by an average of 38% by 2035 in large part thanks to a more advanced deployment of Artificial Intelligence into financial, IT and manufacturing applications. But at this early stage of AI implementation, is it still not clear how it will be deployed across many possible use cases. Assessments of risk/reward scenarios are being evaluated and many organizations are unsure of how and when to dip their toes into the AI pool. Read More