What is the goal of every asset-based manufacturing company? Finding ways to decrease production cost and increase production efficiency, leading to bigger profit. However, that means that not just manpower, but also machinery, equipment, supply chain and the warehouse need to function flawlessly and at their optimum. In reality, one of the main challenges that manufacturers face is unplanned downtime caused by failure of machinery. Using Artificial Intelligence (AI) can help overcome these and many other obstacles relating to the manufacturing business, improve operational efficiency, launch new products, customise product design and plan future financial actions.
Here are top 10 applications of AI in manufacturing:
Source: Global Trade
May 08, 2021