Artificial Intelligence devices in manufacturing to hit 15 million by 2024 - The Manufacturer

The total installed base of AI-enabled devices in industrial manufacturing is forecast to reach 15.4 million within five years, with a CAGR of 64.8% from 2019 to 2024. It's claimed that Artificial Intelligence (AI) will revolutionise the industrial manufacturing space, and in many respects that transformation has already begun. AI is already delivering generative design in product development, production forecasting in inventory management, and machine vision, defect inspection, production optimisation, and predictive maintenance in the production phase. "AI in industrial manufacturing is a story of edge implementation," says Lian Jye Su, principal analyst at global tech market advisory firm, ABI Research. "Since manufacturers are not comfortable having their data transferred to a public cloud, nearly all industrial AI training and inference workloads happen at the edge, namely on device, gateways and on-premise servers."