AI is the Dominant Factor Causing the Growth of Manufacturing

Ever since the ingression of AI in the manufacturing industry, it has only been habitual to growth. Analytics Insight predicts that Artificial Intelligence in the manufacturing industry is estimated to reach US$11.7 Billion by 2025, growing at a CAGR of 54.6% from US$2.6 Billion in 2021 The manufacturing industry that has been following the traditional methods and techniques is now undergoing a massive transformation with AI integrations. According to a PwC report, AI integration in manufacturing rose from 62% to 72% as companies started adopting AI as a golden opportunity to streamline the traditional methods and eliminate complexities. One relevant instance in this context can be FANUC, a Japanese group of companies that realized the importance of AI integration in the manufacturing systems long back. FANUC implemented artificial intelligence in its infrastructure to explore the possibilities of business progress.