Revolutionizing the Manufacturing Sector a Comprehensive Analysis of AI's Impact on Industry 4.0

Revolutionizing the Manufacturing Sector a Comprehensive Analysis of AI's Impact on Industry 4.0

Atharva Paymode, Janhvi Shukla, D. Lakshmi
Copyright: © 2024 |Pages: 31
DOI: 10.4018/979-8-3693-2615-2.ch008
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Abstract

The impact of AI on Industry 4.0 is discussed in this chapter, with a focus on how it works best with IoT to create autonomous factories. It is emphasized how important AI is for predictive maintenance, downtime reduction, and utilizing ML and deep learning for increased productivity. This study looks at how NLP and machine vision may revolutionize document processing and work in tandem with intelligent document processing to remove administrative bottlenecks. In addition to technical details, the chapter explores wider ramifications, including proactive field service and customized solutions. Supply chain optimization, cost reduction, and value extraction from datasets all depend on the integration of AI and data analytics. Designed with experts and policymakers in mind, this succinct story offers insightful information about AI's contribution to the evolution of manufacturing to a global audience ready to understand the rapid changes taking place.
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Introduction

Artificial Intelligence (AI) integration has become a transformational force in the industrial industry, changing the traditional boundaries of day-to-day operations. This chapter sets out to explore the deep effects of AI on the industrial industry, following the technology's development from its initial stages of integration to the present, when Industry 4.0 was introduced.

Examining the history of AI integration in manufacturing makes it clear that, in this rapid sector, advancement and survival through technology have come to be associated with technical advancement. AI has been shown to be a driver of productivity, creativity, and competitiveness from the early days of automation to the current era of data-driven decision-making (Alenizi et al., 2023).

The subject matter then turns to Industry 4.0, an innovation that indicates the combination of digital and conventional industrial processes. This revolutionary stage introduces intelligent systems that are able to make decisions on their own, going beyond simple automation. Industry 4.0 is a break from traditional manufacturing methods, a new era of linked gadgets, data analytics, and AI that alters production as an entire process (Plathottam et al.,2023).

The symbiotic interaction between the IoT and AI in everyday life is a crucial component of this transition. The foundation of intelligent factories is this convergence, where networked devices exchange data in a smooth manner, creating massive data streams. AI then analyses this data to produce insightful insights and lead production processes to previously unattainable levels of responsiveness, efficiency, and adaptability (Stadnicka et al.,2022).

This chapter attempts to provide an extensive understanding of the technical fabric that shapes manufacturing's present and future as we traverse through the layers of Industry 4.0, AI integration, and the symbiosis of IoT and AI.

Background of AI Integration in Manufacturing

Recent years have seen a major advancement in the application of AI in manufacturing, with the idea of Industry 4.0 serving as a major catalyst for the development of technologies such as the IIoT. AI has a long history in manufacturing because of its capacity to facilitate human-machine collaboration, which increases productivity, safety, and efficiency. (Stadnicka et al.,2022)(Plathottam et al.,2023).

The capacity of AI to swiftly and effectively analyse large amounts of data is one of the technology's main advantages in manufacturing. Manufacturers may obtain insights from competitor analysis, industry trends, and consumer preferences by utilising ML algorithms. This allows them to make better decisions and run their businesses more efficiently. Synthetic intelligence technologies can now be used by industrial facilities to help optimise workflows and cut waste.

AI has been implemented in a number of manufacturing use cases, including product creation, warehouse management, and supply chain management. AI, for example, can be used to evaluate sensor data and forecast equipment failures, resulting in more effective maintenance plans and decreased downtime. Other than that, by automating monotonous jobs and enhancing safety in high-risk areas, AI can be utilised in conjunction with robots to free up human workers' attention for more productive aspects of the business (Javaid et al.,2022).

There is scepticism as well as enthusiasm over the use of AI in manufacturing. AI raises worries about job displacement and the possibility for increased complexity in manufacturing processes, even while it offers many benefits including better efficiency, improved safety, and lower prices. However, as more manufacturers become aware of the potential advantages and opportunities that AI offers, the technology's adoption in manufacturing is expanding, which bodes well for the technology's future in the sector.

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