Harnessing the Power of Industrial Artificial Intelligence for Optimization of Manufacturing

Industrial AI primarily focusses on the application of AI technologies rather than development of human or human-like systems. Manufacturing is the largest sector in the global economy with a major share in Gross Domestic Product (GDP). Therefore, Industrial AI in manufacturing can have a significant impact on improving the productivity, thereby increasing the overall efficiency of this sector. This paper brings out the applications, pros and cons of integration of AI in manufacturing industry functions such as design, material management, production planning, quality assurance, supply chain management, etc. The challenges and opportunities in adopting Industrial AI in small scale industries is also showcased. Overall, integration of Industrial AI into manufacturing leverages industries to be competitive in global markets.