Everything that surrounds us today is the product of a mass production cycle on a production line. The explosion of consumer culture has caught the biggest of manufacturers off guard.
Organizations must be prepared to not just address growing consumer demands but also make sure that it is achieved in a cost-effective and profitable manner.
Manufacturers can achieve this through automation of the manufacturing process. But how will they ensure that customer demands are met without compromising on the bottom line? The answer lies in Artificial Intelligence.
Let’s have a look at the five ways Artificial Intelligence is revolutionizing manufacturing.
1. Process Optimization
Organizations can optimize processes by collecting data and applying data analytics to power machine learning algorithms. For instance, timely and accurate delivery to a customer is critical in the manufacturing industry. However, if the company has multiple production facilities in different regions, building a consistent delivery system is difficult. Manufacturers can prefer AI-powered process mining tools to identify and eliminate bottlenecks in the organization’s processes. Using an ML-driven data mining tool can simplify this process.
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2. Quality Control
Balancing mass production with quality control is a challenging task. The faster a manufacturer pushes a process, the more likely they’re prone to hit errors and reduce output quality. With Artificial Intelligence, brands can leverage cameras powered by computer vision algorithms to identify defects and detect root causes of failure immediately. This allows manufacturers to identify and resolve production failures by swiftly performing anomaly detection on hundreds of units in a few seconds.
Industrial robots have always played an important role on assembly lines. However, they have traditionally been limited to repetitive tasks involving heavy lifting and tedious work. Artificial Intelligence allows robots to learn a multitude of skills and work alongside their human counterparts for maximum effectiveness. For companies that can’t afford to spend hundreds of thousands of dollars on an industrial robot, this would not only be cost-effective but also an easy way to improve efficiency.
4. Prognostic Maintenance
Service and maintenance have traditionally been a pain point for the manufacturing sector. Since industrial equipment is typically serviced on a fixed schedule irrespective of operating condition, it results in wasted labor and raises the risk of undiagnosed equipment failures. With Artificial Intelligence, manufacturers can carry out predictive maintenance to ensure they can detect and diagnose potential equipment failures beforehand. This is made possible by creating virtual models of large-scale machinery and using big data analytics for constantly monitoring and forecasting performance issues.
5. Inventory Management
Estimating consumer demand inaccurately is a risk that can result in massive losses for manufacturers. With Artificial Intelligence, manufacturers can combine businesses processes such as order management, procurement, and inventory management in a single convenient platform to optimize supply chains and ensure calculated production. Not only would this result in improved production efficiency but also help brands avoid the risk of stagnant inventory or lost sales.
About TA Digital
TA Digital is the only global boutique agency that delivers the “best of both worlds” to clients seeking to achieve organizational success through digital transformation. Unlike smaller, regional agencies that lack the ability to scale or large organizations that succumb to a quantity-over-quality approach, we offer resource diversity while also providing meticulous attention to the details that enable strategic success.
Over the past 20 years, TA Digital has positioned clients to achieve digital maturity by focusing on data, customer-centricity, and exponential return on investment; by melding exceptional user experience and data-driven methodologies with artificial intelligence and machine learning, we enable digital transformations that intelligently build upon the strategies we set into motion. We are known as a global leader that assists marketing and technology executives in understanding the digital ecosystem while identifying cultural and operational gaps within their business – ultimately ushering organizations toward a more mature model and profitable digital landscape.
Recognized in 2013, 2014, 2015, 2019, and 2020 Inc. 5000 list as one of the most successful technology companies in the United States, TA Digital is pleased also to share high-level strategic partnerships with world class digital experience platform companies like Adobe, SAP, and Salesforce and possess global partnerships with industry leaders such as commercetools, Sitecore, Episerver, Elastic Path, BigCommerce, AWS, Azure and Coveo.