Manufacturing is a particularly promising area for applying artificial intelligence for a number of reasons, especially in core manufacturing operations such as production lines, where AI can automate tasks, optimize capacity, reduce the number of defects and ensure machines are working.
With predictive maintenance, AI can help companies avoid machine failure and the massive costs associated with that. Real-time monitoring leads to cost savings over scheduled maintenance and occasional sample checking. AI applied to materials optimization can reduce waste and further improve quality. Inventory forecasting is another area of AI that allows manufacturing companies to lock up less capital in materials and stock at a time.
The biggest benefit by far of implementing AI in manufacturing can be found in the quality improvements since AI can pinpoint anomalies in production and use robotics and automation to make all kinds of processes quicker and better.