MarketsandMarkets Research Pvt. Ltd. Chicago, March 20, 2023 (GLOBE NEWSWIRE) — Digital Technologies have advanced more rapidly than any innovation. Digital transformation is all about using technology to achieve goals, and technologies such as AI/ML, IoT, 5G, Blockchain, Digital Twin, Additive Manufacturing, Robotics, Connected Systems etc. are at the core of accelerating this shift. The shift towards digitalization across industries is accelerating the adoption of the above enabling technologies, with AI at the forefront of the digital transformation. Let’s evaluate the application of AI across the manufacturing value chain, how companies should implement AI technologies during their digital transformation journey, and the impact of AI on business stakeholders (employees, vendors, and customers). The figure below depicts the implementation of AI across the manufacturing industry value chain, including R&D phase, Designing and Engineering, Procurement, Production and Planning, Manufacturing, Logistics and Distribution, and Customer Services. IMPLEMENTATION OF AI ACROSS THE MANUFACTURING INDUSTRY VALUE CHAIN Source: MarketsandMarkets For companies planning to embrace digitalization in manufacturing facilities, implementing AI across their sales and customer service business process would be a good starting point. This is because it mostly requires software integration and does not require high capital expenditure. AI software and platform could […]
How AI can Enable Digital Transformation Initiative
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