AI and ML solutions can revamp the manufacturing industry through real-time data analytics, IoT devices, digital twins, smart factories, and more. Here, we’ll discuss the role of AI and the top AI product development companies in manufacturing.
Artificial intelligence is disrupting the manufacturing industry in many ways. Industry 4.0 promotes adopting technology in manufacturing to increase scalability, flexibility, agility, and production performance without spending more resources.
Many manufacturers from around the globe have been investing in AI in some form or another. Artificial intelligence has a versatile role in the industry, from automation to robotics to predictive maintenance. Statistics show that AI can increase productivity by over 40% by 2035. A report by Markets and Markets says the global AI in the manufacturing market will reach $16.3 billion by 2027 at a CAGR (compound annual growth rate) of 47.9%. The global AI market size was valued at $196.63 billion in 2023 and is expected to reach $1811.8 billion by 2030 at a CAGR (compound annual growth rate) of 36.8%.
Additionally, AI in manufacturing is useful in streamlining product development. Here, the term ‘product’ refers to the products manufactured by the enterprise as well as the software products companies develop to help manufacturers accelerate processes. Both can be achieved by partnering with AI product development companies and working together to gain a competitive edge in the market.
Artificial intelligence has brought significant changes to product development in the manufacturing sector. Manufacturers can be more innovative, creative, and flexible in developing new products. AI also reduces time-to-market and allows enterprises to release products quickly.
From ideation to production to warehousing, distribution, and marketing, every step is supported by artificial intelligence. For example, machine learning in manufacturing can analyze large datasets and provide detailed reports. Manufacturers use these reports and insights to understand customer requirements, market trends, etc., to make data-driven decisions about product development. Since it can be cost-intensive to build AI models from scratch, enterprises opt for third-party (offshore, onshore, and nearshore) AI product development services by reputed companies. This bridges the talent, skill, and technology gap in the enterprise while ensuring the budget and timeline constraints are followed.
DataToBiz is one of the leading AI/ML product development companies in manufacturing (and many other industries) with vast experience in building, developing, deploying, integrating, and customizing artificial intelligence models for enterprises. The AI product development company uses custom machine learning algorithms and advanced artificial intelligence tools to provide seamless product development and integration services. It helps manufacturers boost efficiency, use data analytical reports for insights, and personalize products based on customer feedback and market trends. The tried and tested six-step AI product development process ensures the promised results are delivered to the clients. Since the company provides long-term maintenance and upgrade services, manufacturers can become successful industry leaders.
DataToBiz offers comprehensive end-to-end solutions, starting from ideation to long-term maintenance. The award-winning company takes care of data engineering, AI/ ML development, cloud computing, big data analytics, generative AI, data visualization, data engineering, and many more. It focuses on helping clients align their business vision and goals with market requirements to gain a competitive edge and steadily increase revenue over the years. DataToBiz has flexible and transparent pricing suitable for MSMEs, emerging enterprises, and large-scale manufacturers from around the globe.
LeewayHertz is a software development company offering tailor-made digital solutions to global clients. The company has a close-knit team of AI and Web3 developers who create next-gen apps to help businesses overcome challenges and achieve their goals. It works with startups, scale-ups, and enterprises to help them become tech-savvy and take advantage of AI products to boost their business.
LeewayHertz offers custom manufacturing software product development for automation, production planning, and remote asset management. The company combines technologies like blockchain and IoT (Internet of Things) for manufacturers to reduce operational costs without compromising quality. It provides an array of services as required by enterprises.
Cognizant is a multinational company with over twenty-five years of experience. It is also among the top AI manufacturing development companies that help enterprises transform their business models and reimagine processes using the latest technology. From modernizing legacy systems to converting insights into action, the company provides a plethora of services to businesses.
Cognizant removes the barriers to innovation by integrating manufacturing processes with AI/ ML technologies. It promotes the use of IoT (Internet of Things) and generative AI for automation, real-time analytics, and more. The company helps enterprises build smart factories to transform traditional manufacturing into agile and future-ready methods. The company also helps clients improve sustainability and gives high importance to green practices.
Markovate specializes in offering AI and customized digital solutions to help businesses use technology to gain strategic advantage, enhance performance, promote change, and achieve goals. The company works with enterprises from the manufacturing industry to help them embrace world-class digital experiences through cutting-edge technologies. It designs ML frameworks and data analytical tools for scalability, reliability, and optimum performance.
Markovate uses generative AI, adaptive AI, and other advanced technologies to help manufacturers transform their vision into reality. From boosting productivity to increasing overall quality, the company supports enterprises at every stage and enables seamless adoption of AI and ML applications. It offers web and mobile application development, cloud computing services, and other solutions necessary for manufacturers to digitally transform their processes.
Builder.AI is an AI product development agency that offers bespoke solutions to clients from different industries. It doesn’t believe in off-the-shelf apps, which may or may not be suitable for a business. The company has built award-winning apps and raised around $450 million to unlock the power of technology and enhance its role in boosting human potential. It has developed diagnostic software for the automotive industry to use real-time analytics for decision-making.
Builder.AI also builds CRM applications, OMS (order management systems), inventory management software, etc., to streamline various manufacturing processes. It helps automate recurring tasks to save time and resources and reduce operational costs. The company promotes AI product development and app building to offer faster results and greater customization options for enterprises.
NVIDIA is a popular brand known for manufacturing computer parts like graphic cards. The company is also a pioneer in AI technology adoption and promotion. It uses artificial intelligence and digital twins to transform the manufacturing industry. The company promotes end-to-end digital transformation and helps enterprises set up remote collaborations for designing, rendering, production, visualization, etc.
NVIDIA provides CAE (Computer-Aided Engineering) applications that can speed up simulation by 5x while reducing energy consumption and production costs. The company helps manufacturers build AI-enabled factories for better agility, flexibility, and performance. It also transforms the product development workflows using advanced technology to deliver better results for manufacturers.
Decades ago, Aveva began as a CADCentre offering CAD (computer-aided design) technologies to promote innovation in the manufacturing industry. Over the years, it became one of the largest industrial software companies with international collaborations and clients. The company specializes in building safer, cleaner, and more sustainable solutions for a better tomorrow. It helps manufacturers optimize their processes using artificial intelligence.
Aveva uses AI technology to empower manufacturers to effectively handle their day-to-day challenges in the factory and use real-time insights to make the right decisions. It helps enterprises consider the changing conditions in the factory and marketplace during product development, production, and distribution. The company integrates AI and ML tools with manufacturing processes to enable constant self-optimization and automation.
IBM is a well-known AI product development company with vast experience in many industries, including manufacturing. It combines artificial intelligence and hybrid cloud technologies to provide tailored solutions for manufacturing enterprises to increase agility and scalability. It actively encourages digital transformation and Industry 4.0 to help manufacturers unlock the full potential of their business data and adopt the latest technologies. The company’s AI and ML product development solutions can be seamlessly hosted on the cloud infrastructure.
IBM’s Watson platform is an AI tool that follows the zero-trust approach and provides predictive insights in real-time. It makes the manufacturing business aware of the opportunities and risks in the market. It also increases the security and resilience of the business. IBM Maximo is another AI-based tool developed to automate intelligent inspections for quality checking and to ensure the manufactured products are high quality. The company has a Supply Chain Intelligence Suite to streamline the entire supply chain of the enterprise and optimize resources.
Automation Anywhere is an enterprise AI company with a presence in various industries including manufacturing. It helps manufacturers streamline and automate the entire supply chain with its AI-powered platform. The company’s AI product development services reduce costs, save time, and ensure compliance with the industry’s regulatory guidelines. It also assists manufacturers in understanding customer data to increase their experience with the enterprise and encourage greater brand loyalty. Be it idea generation or product design automation, the platform empowers enterprises to improve their products and complete the actions within the expected timeline.
Automation Anywhere enables manufacturers to apply intelligent automation to complex processes, define the value chain of the enterprise, and increase revenue. The platform can be embedded within existing tools and dashboards to provide real-time reports, insights, and updates to make data-driven decisions. It is easily scalable and can transform internal processes to increase efficiency and productivity. The company’s AI platform can be integrated with any cloud, any enterprise app, and any LLM.
Machina Labs offers services for AI in the manufacturing industry through its powerful, next-gen, robotic craftsman platform. The US-based company works with some of the leading establishments in the global market and the country’s Air Force institution. It combines artificial intelligence and robotics to help manufacturers overcome the various challenges in the industry and future-proof their factories. It accelerates product design and development, innovation, and engineering capabilities.
The Robotic Craftsman is an agile manufacturing platform that can be integrated with robotic arms, enterprise databases, IoT (Internet of Things) devices, and other AI tools to automate various internal processes. This saves time and resources for the business while increasing workplace safety (the robotic arms can perform tasks that are risky for the factory workers). Machina Labs regularly upgrades the platform’s features and adds more capabilities to increase ROI for the clients. The company also customizes the platform for different materials and compatibility requirements.
The short answer is yes. Artificial intelligence is indeed the factory of the future and can be useful in the following ways.
This is a concept where the manufacturer can examine a part made today and compare it with a part made the previous day to ensure there is noted improvement based on the feedback collected from sensor data. We are yet to reach this level of automation as humans are still involved in some processes.
AI in manufacturing solutions can work on its own and improve its accuracy by analyzing data in the feedback loop. However, we still use AI and ML models that need human intervention to keep running. One day, the machines will work all by themselves with the bare minimum effort from our side.
Generative AI and large language models have become popular in recent times with the launch of ChatGPT, Microsoft Bing, Google Bard, etc. Generative AI can be used for product design, production planning, warehouse optimization, marketing, and much more. Many manufacturers are already working with AI product development service providers to customize generative AI models for their enterprises.
Artificial intelligence is not limited to manufacturing, supply chain, or transportation. It can help with factory planning and layout to increase overall performance, efficiency, and ROI. AI can optimize the factory layout and equipment arrangement to prevent space conflicts and reduce the risk of accidents. This increases workplace safety and promotes diverse production.
AI can boost the demand for manufacturing services in different ways.
Artificial intelligence can increase manufacturing efficiency, productivity, and profitability. AI product development accelerates processes and saves costs while enhancing quality and giving a competitive edge to enterprises. Manufacturers should take advantage of AI products in manufacturing solutions by partnering with AI companies to access their technology and resources. Find the best AI product development company to boost your ROI and brand value.
Artificial intelligence has a diverse role in product development, starting from ideation to designing, creation, customization, testing, validation, etc. It can simulate various scenarios, identify flaws in the design, reduce the production cycle, and create high-quality prototypes in less time.
AI product development is a multi-step process and includes the following stages:
AI product development companies take care of the process from end to end to build innovative products with artificial intelligence.
Many leading companies use AI in manufacturing for various purposes. Enterprises like Rockwell Automation, GE, NVIDIA, Siemens, etc., are some examples.
Apart from AI product development, the technology can be used in the manufacturing industry for different purposes, such as the following:
Enterprises can decide where and how to use AI in their manufacturing units.
Artificial intelligence can improve production planning by optimizing data analytics to generate accurate insights. This enables the decision-makers to make quick and efficient decisions, reduce losses, minimize uncertainties, and increase ROI. By combining generative AI with production planning tools, manufacturers can unlock powerful insights and improve overall efficiency.
Fact checked by –
Akansha Rani ~ Content Creator & Copy Writer
Sunaina Meena ~ Digital Marketing Specialist
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