54% of Indian manufacturing firms are using AI to improve efficiency and productivity
A new report by PwC India found that 54% of manufacturing firms in the country are using artificial intelligence (AI) and analytics to improve their operations. The report, titled “Reimagining Digital Factories of Tomorrow,” surveyed CXOs of domestic organizations, including multinational companies (MNCs), to understand the current digital landscape and outline the future roadmap.
The report found that Indian manufacturing firms are increasingly adopting AI to automate tasks, improve decision-making, and optimize supply chains. This can free up human workers to focus on more strategic tasks.
AI is also used to analyze large amounts of data to identify patterns and trends. This information can then be used to make better decisions about things like product design, marketing, and supply chain management. This can help to reduce downtime and improve efficiency.
The report’s findings suggest that the manufacturing sector in India is embracing AI and analytics. This is a positive development, as AI has the potential to significantly improve the efficiency and productivity of manufacturing operations.
Here are some specific examples of how AI is being used in the manufacturing sector:
- Automating tasks: AI can be used to automate tasks such as quality inspection, machine scheduling, and inventory management. This can free up human workers to focus on more strategic tasks.
- Improving decision-making: AI can be used to analyze large amounts of data to identify patterns and trends. This information can then be used to make better decisions about things like product design, marketing, and supply chain management.
- Optimizing supply chains:Â AI can be used to optimize supply chains by identifying inefficiencies and bottlenecks. This can help to reduce costs and improve delivery times.
The Dangers of Artificial Intelligence: A Cautionary Perspective
The adoption of AI in the manufacturing sector is still in its early stages, but it has the potential to revolutionize the way that products are made. As AI technology continues to develop, we can expect to see even more innovative applications of AI in the manufacturing sector in the years to come.
