According to a new report by PMMI Business Intelligence, artificial intelligence (AI) and machine learning is the area of automation technology with the greatest capacity for expansion. This technology can optimize individual processes and functions of the operation; manage production and maintenance schedules; and, expand and improve the functionality of existing technology such as vision inspection.
While AI is typically aimed at improving operation-wide efficiency, machine learning is directed more toward the actions of individual machines; “learning” during operation, identifying inefficiencies in areas such as rotation and movement, and then adjusting processes to correct for inefficiencies.
The advantages to be gained through the use of AI and machine learning are significant. One study released by Accenture and Frontier Economics found that by 2035, AI-empowered technology could increase labor productivity by up to 40%, creating an additional $3.8 trillion in direct value added (DVA) to the manufacturing sector.
See it Live