Digital Transformation in Manufacturing: The Growing Landscape of AI Integration
Artificial intelligence in manufacturing market size is estimated to be valued at USD 3.2 billion in 2023 and is anticipated to reach USD 20.8 billion by 2028 , at a CAGR of 45.6% during the forecast period. The market growth is ascribed to emerging industrial IoT and automation technology. Manufacturers are leveraging AI to streamline various processes, from production and quality control to supply chain management and predictive maintenance. One key aspect of AI in manufacturing is its ability to process and analyze vast amounts of data in real-time, enabling quick decision-making and optimizing overall operational performance. Machine learning algorithms play a crucial role in this, learning from data patterns and making predictions or suggesting improvements. Predictive maintenance is a notable application of AI in manufacturing, helping organizations anticipate equipment failures and reduce downtime. By analyzing historical data and sensor inputs, AI algorithms can predict when...