Thursday, August 15, 2024 / News AI Revolutionizes Manufacturing: 93% of U.S. Manufacturers Embrace New Technology for Strategic Gains Artificial intelligence (AI) is transforming the manufacturing industry, with a significant increase in adoption among American companies. The Manufacturers Alliance Foundation reports that 93 percent of manufacturers have started new AI projects over the past year, and 6 percent are preparing to launch their own initiatives. AI is expected to enhance productivity, throughput, and quality, leading to substantial revenue growth. AI applications are being implemented across various manufacturing areas, including design, production, quality control, supply chain management, and inventory. Stephen Gold, president of the Manufacturers Alliance Foundation, emphasizes that integrating AI is crucial for advancing manufacturing processes and achieving business success. Despite initial learning challenges, AI is proving effective in solving existing problems and offering new opportunities for long-term transformation. Survey data shows that 55 percent of manufacturers are aligning AI with strategic business goals, while 24 percent are focusing on cost savings. Revenue growth is the top anticipated return on investment, followed by improvements in operational uptime and product quality. Source: https://www.assemblymag.com/articles/98697-ai-use-in-manufacturing-is-growing Print