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AI in Manufacturing Industry and its uses

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Ever wondered how we have evolved from the old stone age to the present day with many innovations, inventions, and discoveries? We have even seen an evolution in technology, be it from stone tools which were discovered 2 million years ago by Homo habilis then to the present fourth Industrial Revolution that is ruling more than 90% of the globe with technologies like Artificial Intelligence and Machine learning, quantum computing, 5G, Edge Computing, Virtual Reality and Augmented Reality and more.

Let us understand more about the use of new age technology - Artificial Intelligence to be specific, in manufacturing. The market size of Artificial Intelligence in Manufacturing was estimated to be USD 2.3 Billion in 2022 and is anticipated to be USD 16.3 Billion by 2027; growing at a CAGR of 47.9% from 2022 to 2027 as published in markets and markets