If you make a list of the most cited tech buzzwords in the media, Artificial Intelligence (AI) and Industry 4.0 will certainly be right at the top.
The growing popularity of both concepts is not in vain. Indeed, the Over the past decade, AI has brought smart technologies to the center of various industries , such as automotive, healthcare, retail, finance, and manufacturing. Currently, tagging, clustering, categorization, hypothesis generation, alerting, filtering, navigation, and visualization remain the industry 4.0 market leaders. Meanwhile, cloud-based computing platforms and on-premises hardware equipment play a decisive role in facilitating the further development of smart industrial solutions on a long-term basis.
4 Major Applications of AI in the Industry sector
It should come as no surprise that AI has given the industrial sector a huge boost. Thus, 9 out of 10 EU-based industrial companies currently invest in creating smart and digitalized factories and interconnected environments where machinery and equipment improve industrial processes. But how does AI disrupt today's industry? The 4 most significant applications of AI in the industry sector are the following:
- Production.- AI algorithms provide different production optimization opportunities. In particular, they improve quality control and enable the prediction of machine incidents and breakdowns, thus optimizing industrial equipment maintenance.
- Supply Chain Management. - AI solutions forecast customer demands, optimize transport costs, and forecast delivery times.
- Sales & Marketing. - AI tools carry out hyper-personalized marketing campaigns and the automatic and massive analysis of customer reviews.
- Research & Development.- AI helps analyze technical trials, carry out targeted laboratory experiments, and adapt the product portfolio to customer expectations.