Industry 4.0: Unleashing the power of AI in manufacturing

Largely driven by Industry 4.0 and smart manufacturing initiatives, AI is creating self-adaptive and automatically reconfigurable production capabilities for manufacturers in India. Smarter robots, more connected and precise processes and more responsive supply chains are transforming the industry. As the long-term benefits associated with AI adoption are realised, we’re starting to see broader factory of the future initiatives, or if you prefer to call it, Industrial Internet of Things (IIoT), Connected Factory, or Smart Factory. The new initiatives and production lines being created are focusing on efficiency, flexibility and speed. The good news is that organisations in India believe that AI will have a growing impact on their future relevance, with 90% having already implemented AI, and nearly all of them planning to implement more AI solutions in the next 12 months according to Seagate’s study, Data Pulse: Maximising the Potential of AI. It is no wonder that a recent Boston Consulting Group (BCG) study ranked India third (after the USA and China) in terms of AI implementation.