Industry 4.0 and smart manufacturing are not possible with artificial intelligence. AI offers numerous benefits for manufacturers. Here, we’ll discuss the top ten AI as a Service companies in the manufacturing industry and the benefits of using AI in enterprises.
With artificial intelligence becoming a part of every industry, it’s no surprise that it has a vital role in manufacturing. According to Meticulous Research, AI in manufacturing market is predicted to reach $84.5 billion by 2031 with a CAGR (compound annual growth rate) of 32.6% between 2024 and 2031. Meanwhile, the global AI market is estimated to be $1,811.8 billion by 2030.
Additionally, technological advancements have led to AI being offered as a cloud service. This is popularly known as AI as a Service (AIaaS). While Microsoft, Google, and Amazon (AWS) have the largest market share in this sector, many third-party companies offer AI as a service to manufacturers from different niches (automotive, aerospace, electrical, chemical, etc.). Partnering with the right AI product development company helps an enterprise seamlessly adopt smart manufacturing practices and gain an edge in competitive markets.
In this blog, we’ll read more about the role of artificial intelligence in manufacturing and the top ten companies offering AIaaS solutions to manufacturers.
The application of AI in manufacturing is diverse, varied, and innovative. Artificial intelligence can improve efficiency in manufacturing by automating repetitive tasks, enhancing quality control standards, shortening the production cycle, increasing supply chain visibility, reducing resource consumption, and making it easier to scale production according to market demand. AI can also make enterprises energy-efficient by identifying areas to reduce wastage. Data-driven decision-making based on insights derived from advanced analytics helps the top management navigate the complex and volatile markets in different countries.
Manufacturers don’t have to build the AI models from scratch or spend millions of dollars on developing applications in-house. AIaaS companies offer access to advanced tools and technology through cloud systems. Enterprises can migrate their processes to cloud servers and rely on the cloud IT infrastructure to streamline their internal operations. AIaaS is a cost-effective alternative for manufacturing businesses to adopt artificial intelligence.
So, what companies are providing AI services? Let’s check them out below!
DataToBiz is an AI-as-a-service company offering AI, ML, BI, data engineering, and cloud transformation solutions to MSMEs, SMBs, startups, and large enterprises. It has a strong presence in manufacturing, supply chain, transportation, and several other industries. The company’s tailored services for AI in manufacturing can help with strategy creation, product design and development, streamlining the supply chain, integrating cloud systems, connecting with IoT (Internet of Things) devices, setting up personalized dashboards, and aligning business processes with long-term objectives.
The company follows a six-step approach to increase flexibility, scalability, and sustainability for clients. DataToBiz has won several awards for providing customer-centric end-to-end AI services to manufacturers from different parts of the world.
Glassdoor Rating: 4.8 Stars
IBM is a popular multinational company offering AI consulting services for small, medium, and large enterprises from manufacturing, IT, and other industries. The company combines AI and hybrid technologies to help enterprises become more agile and scalable.
IBM Watson’s platform is customized and deployed in manufacturing units to help clients unlock the true potential of business data and make data-driven decisions. It empowers businesses to become more aware of the market threats and opportunities. Additionally, IBM has many tools like Cloud Pak, Maximo, Supply Chain Intelligence Suite, etc., which can be integrated with the existing processes to deliver actionable insights and streamline internal operations in an enterprise. The company assists clients in turning sustainability goals into tangible actions.
Glassdoor Rating: 4.0 Stars
Siemens is a global service provider with a presence in manufacturing, automotive, telecommunications, and other industries. The company has developed industrial AI solutions for large enterprises to adopt advanced technologies into their business. It is one of the leading examples of companies that offer AI as a service to clients from various regions.
The AI services empower enterprises to standardize their processes, integrate machine learning algorithms, and streamline data and security requirements. The company develops a comprehensive AI framework for manufacturers to begin their Industry 4.0 journey and embrace smart manufacturing. Siemens follows a closed-loop model which includes all steps from planning to upgrading. The cycle is continuous and always active so that manufacturers can achieve their goals.
Glassdoor Rating: 4.2 Stars
C3.ai is an enterprise AI service provider accelerating digital transformation in industries like manufacturing, defense, transportation, oil & gas, etc. The company’s AI development services address the key roadblocks and challenges in the manufacturing industry and help enterprises overcome the issues to become successful. Its C3 AI platform can be integrated with third-party apps to help manufacturers collect data from multiple sources, analyze the datasets, and derive meaningful insights for effective decision-making.
The company offers extra tools for inventory optimization, supply chain risk assessment, transportation management, and more. The enterprise AI platform is 25 times faster and just as easy to use. From energy management to CRM, manufacturers can enhance all their operations by partnering with C3.ai.
Glassdoor Rating: 3.3 Stars
GE (General Electric) is a group of companies catering to the diverse needs of enterprises in the manufacturing, aerospace, and healthcare industries. GE Vernova is an AI platform developed for manufacturers to streamline their energy consumption and become a sustainable business. It focuses on ESG reporting and helps enterprises accelerate their adoption of reliable, sustainable, and affordable energy while enhancing customer experience and improving the quality of life for employees.
The platform’s focus is on reducing the carbon intensity of the enterprises without compromising their access to advanced technology like, AI, ML, business intelligence, etc. GE works to empower the next generation of manufacturers to dream bigger, better, and bolder. The company has over 130 years of experience in the market.
Glassdoor Rating: 4.0 Stars
Rockwell Automation offers AI as a service business model to clients from manufacturing, automotive, textiles, mining, and many more. The company’s smart manufacturing solutions are designed to align with the Industry 4.0 guidelines to help enterprises join the revolution. It acts as a complete service provider and AI innovation partner by helping clients figure out the best approach to achieving their goals using technologies.
The company has smart devices, smart systems, and smart machines, each of these catering to the varied requirements of a manufacturing unit in the current times. Rockwell Automation optimizes productivity, safety, and quality in enterprises. Its digital transformation strategies are aimed at creating a better tomorrow for businesses.
Glassdoor Rating: 3.8 Stars
Industry.AI aims to build intelligent enterprises by offering personalized services for adopting AI in manufacturing. It develops AI platforms and solutions to streamline process-intensive operations in enterprises and empower clients to make smart decisions using real-time PP&E insights. The company’s presence in relevant industries like aerospace, automotive, renewables, etc., makes it a reliable end-to-end service provider for installing the latest hardware, integrating with cloud systems, accessing AI-powered analytics, etc.
The open architecture of the company’s platform unifies all operations and processes on a single interface. Industry.AI believes in innovative product development. It promotes frugal manufacturing to drive reliability and quality in enterprises. The company has a robust ecosystem with many leading tech giants as its partners.
Glassdoor Rating: 4.4 Stars
Oracle is a global tech service provider with clients from various countries. It works with enterprises from manufacturing, healthcare, automotive, transportation, and other industries. The company’s smart manufacturing solution uses AI and ML to deliver actionable insights across the enterprise. These insights can be used for predictive maintenance, adjusting schedules, and reducing costs. The company’s fusion cloud manufacturing solution can be integrated with IoT devices and other AI tools to streamline any kind of manufacturing model (global, mixed, hybrid, etc).
Oracle’s solutions also cater to quality management, business analytics, supply chain planning, and machine maintenance. Its cloud SCM is a popular tool to streamline warehousing and transportation in enterprises which increases customer satisfaction and revenue.
Glassdoor Rating: 3.8 Stars
DataRobot is a value-driven company offering AI as a service to startups, manufacturing enterprises, healthcare establishments, etc. Its AI platform offers various production and experimentation capabilities for manufacturers to achieve operational excellence, enhance product quality, reduce costs, and improve customer experience.
The company assists enterprises to embrace advanced technologies and stay ahead of competitors. From modernizing the supply chain to providing accurate demand forecasting reports, the AI platform offers a range of functionalities in a manufacturing enterprise. DataRobot helps clients unlock the power of artificial intelligence and optimize their processes using the latest tools. The company also supports enterprises in reducing energy consumption and achieving sustainability goals.
Glassdoor Rating: 3.8 Stars
NVIDIA is much more than a company developing computer spare parts and powerful GPUs. It works with clients from many industries, like manufacturing, energy, financial services, telecommunications, etc. The company uses artificial intelligence to reinvent manufacturing from design to delivery.
It transforms various processes from end-to-end and promotes remote collaboration, visualization, and simulation in manufacturing units. Be it product development or setting up an AI-enabled factory, the company has been playing a vital role in helping enterprises adopt advanced tools and technologies to embrace Industry 4.0. NVIDIA also has a strong ecosystem to empower enterprises to increase their operational efficiency. The company helps clients become more agile and gain a competitive edge by leveraging automation.
Glassdoor Rating: 4.6 Stars
Artificial intelligence is an integral part of Industry 4.0 which revamps the existing processes and systems in manufacturing to increase agility, flexibility, scalability, sustainability, and customization. There are several uses of AI in manufacturing, such as the following:
Be it robotics or process automation, AI can redesign entire operations in a manufacturing unit by identifying unwanted steps and eliminating them. The factory space can be made safer for workers by installing IoT (Internet of Things) devices to send real-time updates and alerts. By optimizing operations, the manufacturer can increase productivity and efficiency.
AI product development encourages innovation and creativity in the manufacturing sector. Customers in the modern world want more options to choose from and personalized products that suit their specifications. With AI, enterprises can understand customer demands and create products that align with popular requirements.
AI/ML development services help manufacturers invest in intelligent automation. While automated tools have been in use for simple tasks, enterprises can make the factory floor autonomous through a closed-loop fully automated model. This reduces the risk of human error, makes quality control more efficient, and saves time for businesses.
The supply chain network is a large part of the manufacturing industry and is quite complex with many parties involved. The roles of each vendor, supplier, transporter, distributor, etc., can be monitored to reduce the risk of delays and miscommunication in the supply chain. By using AI in the supply chain, enterprises can overcome unexpected challenges and maintain steady production.
The biggest impact of AI in manufacturing is predictive maintenance which allows enterprises to increase their OEE score and minimize the risk of unexpected machine breakdowns, losses, and equipment repair/ replacement costs. By scheduling maintenance during non-production hours and identifying the issues in the early stages, there will be fewer breakdowns and damages.
When the production cycle is shortened through automation and the elimination of unwanted steps, it allows manufacturers to produce more goods in less time. With a well-structured supply chain network, these products will quickly reach the end users and increase the chances of generating more sales.
Despite the initial investment, artificial intelligence helps manufacturers save money in the long run and get higher ROI over time. This is done through various ways, such as reducing unexpected expenses, finding better vendors, utilizing existing resources without generating too much waste, finding alternative uses for waste and byproducts, etc.
Smart manufacturing is the keyword in the industry for enterprises to embrace advanced tools and technologies. From data-driven decision-making to IoT-enabled smart factories and flexible production cycles for greater customization, technology has been disrupting the manufacturing sector in many ways. Go through the AIaaS providers on our list to find the right partner offering tailored AI development solutions for manufacturing companies to streamline processes, reduce costs, and increase profits. Join the Industry 4.0 revolution by investing in artificial intelligence through AIaaS solutions.
Many companies use AI in manufacturing. A few examples are as follows:
In recent years, several MSMEs have also partnered with AI companies to adopt the technology into their enterprises.
In the service industry, AI is majorly used to enhance customer service experiences. Be it chatbots, automated ticket management systems, or AI helpdesk tools, artificial intelligence can reduce the pressure on employees in the service industry and increase customer satisfaction.
DataToBiz is one of the AI-as-a-service companies examples in the global market. The company has a presence in many regions and works with MSMEs and large enterprises in the diverse manufacturing industry. It is a certified partner of Microsoft, Google, and AWS and offers customized AI solutions.
Artificial intelligence can be used in service-based businesses in the following ways:
AI is useful in every department, be it recruiting, customer service, accounting, or marketing.
While AI will become a prominent part of manufacturing, it will not take over the industry or replace all humans. Artificial intelligence can reduce the workload on humans but will still need to be supervised. The future of AI in manufacturing will include robots that can interact with humans, machine vision systems, sensing devices (IIoT), etc.
Reports show that artificial intelligence was first used in manufacturing as early as the 1980s and 1990s. It was used through computerized maintenance management systems (CMMS) and manufacturing execution systems (MES) software applications that made data digitally available.
Fact checked by –
Akansha Rani ~ Content Creator & Copy Writer
