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Artificial intelligence is looked upon as the propellant of fourth Industrial Revolution enabling Knowledge based Manufacturing a reality

How AI is going to impact manufacturing industries?

Manufacturing Industries are one of the prime beneficiaries of Digital, capturing nearly $8 trillion growth delivering new customer experiences, driving new efficiencies & vastly improving asset utilization.

Embedded Intelligence is the future of Manufacturing, enabling:

Innovation in operations- Operating Model Transformation:

AI Enables self-healing automation in factories, supply chains, and other processes through:

  • Automation - AI enabled/Robotic Process Optimization, Digitization of Manual Processes
  • Higher Levels of Autonomy & Automated Decision Making

Generate New Revenue Streams - New Business Models:

  • Autonomous Driving & ADAS features,
  • Personalized offer based on Unique ID
  • Next generation navigation, Maintenance scheduling
  • Advanced fleet management for shared vehicles

Data Enabled Services- New Customer experience/Selling Products Smarter:

  • Enhanced Flight experience
  • Enhanced Service –First time right through AI enabled service knowledge Management
  • Virtual Assistants answering customer queries
  • Navigating assistants supporting search, buy & support of products on websites

Digital Technologies such as AI, IoT & Blockchain are enabling Fourth Industrial Revolution, but they are working in siloes & hence their capacity isn’t completed utilized. In terms of adoption IOT is the highest with about 50-60-% across manufacturing & helps in condition based monitoring, generating data from vehicles for performing Vehicle diagnostics/driver behavior. AI is used for generating insights & act on them autonomously based on data collated from IOT devices. Blockchain adoption is also good in the industry with rate of about 6-8%.

Tech Mahindra has made investments in Top IoT Platform providers & also Niche startups for delivering IIOT solutions. Similarly, it has made investments in AI Space, be it AI Lifecycle Management Platform GAIA or partnerships with AI Product vendors & Niche startups across the globe. TechM’s POV is to leverage convergence of these technologies & Enable smart Function processes in Manufacturing Value chain.

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