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Artificial Intelligence in Industry: Intelligent Production

Suprakash
Suprakash Chaudhuri , Vice President & Managing Director for Siemens Industry Software India

Industry is becoming increasingly digitalized, the digital enterprise is already a reality as Data is continuously generated, processed, and analyzed. The volumes of data in production environments are the basis on which digital representations of entire plants and systems are generated. These digital twins have been used for some time to structure the planning and design of products and machinery – and production operations themselves – and do so more flexibly and more efficiently while manufacturing high-quality, customized products faster and at an affordable price. But what would happen if the machines and processes could gather insights from these high volumes of data by themselves and optimize their processes during live operation? The potential would be enormous. The good news is that this can already be achieved, step-by-step, using artificial intelligence (AI).

Creating new opportunities

AI has been the focus of research for more than 30 years. During this time, major advances have been made in this area of technology: for example, more powerful hardware and software and improved computing power and data transmission are now being leveraged using artificial intelligence. This has created new opportunities for flexible, efficient production, even when it comes to complex and increasingly customized products in small batch runs. The potential is significant, a study by Accenture shows: AI has the potential to add US$957 billion to India’s economy in 2035 and more than 88 percent of respondents in India anticipate making moderate-to extensive investments in one or more AI-related technologies over the next three years.

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Nitisha Dubey

A diligent writer, who has been working from last five years in the same field. She has covered lots of event and expo for travel & judiciary, now covering technology. Book reading, exploring different destinations and varieties of cuisine are some hobbies. Love to watch biographies and historical movies.

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