AI & Manufacturing
92% Senior Manufacturing Executives believe that AI will empower them.
By 2035, 32% of incremental production will be solely due to AI.
3000 CIOs from 89 Countries are looking to reskill the current team.
Artificial Intelligence is the next big disruption for the manufacturing industry to enhance engineering design, productivity, speed up shop floor operations and reduce production costs. Several manufacturing units are now bringing in AI to simplify the complex machine to machine interactions. This trend of current automation with AI is given the name – Industry 4.0. Development in machine learning techniques, advances in sensors therefore has led to compounding of computing power; leading to production of brand-new generation of industrial robots.
Smart Manufacturing is all about Artificial Intelligence in confluence with Robots and Industrial Internet of Things. The global smart manufacturing market will be over $200 billion in 2019 and increase to $320 billion by 2020.Operational industrial robot's factory installation will be 2.6 million units in 2019 as compare to 1.6 million units in 2015.
“Siemens latest gas turbines use 500 sensors that continuously monitor temperature, pressure, stress and more. Neural network-based AI then adjust the fuel valves to create optimal condition for combustion and makes it more efficient.”
In India there are approximately 40,000 AI professionals and the average AI experience is merely 3 years. Manufacturing is big in India and the industry has to relook at its current talent pool, shop floor process managers. They have to be reskilled in order to make the best of Industry 4.0 revolution.
Is your current workforce AI ready?