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Tech Innovations

Latest Trends In Smart Manufacturing

Artificial Intelligence In Manufacturing

Artificial Intelligence (AI) is by no means an alien concept. It has been around for a while now. With the potential to enhance human capabilities, AI can streamline the somewhat anarchic business arena. Recent developments made in the technology horizon like big data, cloud computing and improved machine learning algorithms has thrust AI into the mainstream. Insights in real time and AI driven reasoning have assisted businesses with revenue growth and surge in market shares faster than their contemporaries in diverse sectors like finance, healthcare, e-commerce, and utilities. According to a survey in a reputed magazine, 92% of senior executives believe that AI can help in increasing productivity and can enable the employees to work smarter.

These days, manufacturers are banking heavily on IoT to create new products and services that can significantly lower down production costs in the long run. However, IoT deliverance is just one step towards manufacturing excellence. The full potential of IoT can only be realized when AI is combined with data collected from connected devices, to enable smart manufacturing.

AI’s existence strives to make our lives better and easier. There are numerous benefits of artificial intelligence offered to a manufacturing organization.

• Informed decisions at every step

Given the right inputs, AI can make several informed decisions at different stages of production in real time

• Spotting defects in the production line

Any defect in the production line can be identified immediately by sensors. The data collected by the sensors is fed to the cloud which verifies the defect and the defective part is removed from the line

• Cost-effective solution

As the issues would be resolved as and when they occur, it would save millions of dollars that could have resulted from repairs, recalls and lost businesses

• Future rewards

With the evolution of use cases, AI would be the driving factor in all areas of a company. This can increase productivity, reduce time and costs for the customers.

The aforementioned intelligent insights would transform into long term tangible outcomes. Smart Manufacturing has come a long way and requires the assistance of AI to survive. As technology rises to an all time high, manufacturers would need to invest in AI for successful business sustainability.

Powering Smart Manufacturing With ERP

Enterprise Resource Planning (ERP) has transformed the way how businesses were organized, arranged, outlined and designed their functional layout and allocated workforce to perform tasks. Technologies such as IoT, AI, cognitive computing, ML and others, the impact of automation has substantially been driving the processes of the smart manufacturing industries. Digitalizing almost all the operational paradigms of the manufacturing industry, integrated conceptualizations of IoT and ERP marks the onset of more intelligent manufacturing with value-added advancements. The following are some of the benefits, future proofing smart manufacturing.

• Accelerating business automation

Enterprise resource planning offers flexible and realistic ways to streamline all the processes related to business. Further automating the workflow systems, ERP automation enables the workforce to focus on supervising and monitoring the automated methods, which adds to increased productivity and operational accuracy. Business automation reduces human dependency and fast processing.

• Enhancing customer experience

Helping the business organizations achieve customer satisfaction ERP solutions allows the business professionals to auto-schedule product delivery systems and check the inventory proceedings. ERP maintains accurate periodic-based customer follow-ups, provides a practical insight into service capabilities and involves customer-focus ideas.

• Enabling deeper visibility and insightful decision-making

Backing the intelligent manufacturing industry with smart decision-making analytics, ERP offers useful insights about initiating critical business-level proceedings. Also, with high-tech visibility options, ERP enables the workforce and the managers to monitor and manage processes from remote locations.

With advanced ERP features, smart factories are optimizing almost all their daily performance routines, ensuring smooth and conflict-free internal departmental interactions, and gaining high returns on investment. Integrating various innovative technologies, ERP has made a positive mark and sought the attention of the business owners. Smart industries are now adopting and using ERP concepts at a rapid pace.

Source — Manufacturing Technology Insights

CIOReview Client’s: PROFITECT, Flagship, PCMI, Beqom

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