A Study on Role of Artificial Intelligence in Manufacturing Sector
Covid-19, lockdown, economies, supply chain, manufacturing, artificial intelligence.
The current COVID-19 pandemic has caused severe disruptions in economies. It is likely to cause supply chain disorder and eventually force companies and entire industries to rethink and adapt to the global supply chain model. Many manufacturing companies have halted their production, which has collaterally damaged the supply chain and the industry. The industries have started to restructure their business model for 2020, and many SMEs and large manufacturing plants have halted/postponed any new technology upgrade in their factories in order to recover from the losses caused by the lockdown and economic slowdown. The growth in the adoption of AI solutions is completely dependent on the growth of manufacturing units. AI refers to multiple technologies, working in tandem to allow the machines to sense, learn, understand, and act to augment human capabilities. AI technology can learn and handle vast amounts of information that will enhance and transform operations in different fields effectively. Over a certain period of learning and comprehending, AI technology can anticipate needs and make informed and relevant decisions. AI machines are efficient at quick data processing to generate relevant answers to any question arising in the business. They offer accurate predictions, and customers’ needs based on what they learn. Due to the growing importance of AI in business, now the present study focuses on the role of Artificial Intelligence in manufacturing sector in India.
Article Details
Unique Paper ID: 152936

Publication Volume & Issue: Volume 8, Issue 5

Page(s): 700 - 704
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