How Is Artificial Intelligence Changing The Manufacturing Industry In 2022?

The business environment and new invention of technologies become more competitive as well as customers become demanding and buying power becomes stronger, manufacturers need to expand their processes and adopt something new.

These include a new series of supplies, acquisition of needed materials, order fulfillment, engineering, design, and order management. Artificial Intelligence or AI has proven to be one of the best and most effective ways to create value in production through automation in simplifying the whole production ecosystem. Here are four ways that Artificial Intelligence will change the manufacturing industry this 2022.

Increase Customization

Traditional customization needs exceptional effort and time starting with its design process. Such optimization is still not attainable for smaller manufacturers due to its resulting costs. To address this concern, AI tools like generative design feeds the software with some parameters for costs, materials, and manufacturing methods.

The software scrutinizes then all possible solutions and their design iterations within those chosen parameters. Having this way, manufacturers can try first virtual alternatives before they produce a single product.

A thousand iterations take less cost and time than having one traditionally created product. AI service or product models allow generating designs to leap into a virtual reality of the real world with different types of NetSuite Consulting services available in the market. By using AI, products and services are tested first and all data are reviewed for design flaws. This offers another tool to make sure the design will work before it will transfer to a real-time manufacturing assembly.

Improved Sourcing

Previous years had been full of supply chain disruptions. Big overseas shipping network stranded thousands of enormous containers far away from goods waiting to be shipped. Ports, local railroads, and trucking lines were dealing with manpower shortages that caused delays and bottlenecks when goods finally arrived.

When situations got worsen, costs are ascending everywhere. Indeed, AI algorithms can’t solve all of these problems but AI is a big help in searching and tracking shipped data patterns and raw materials expenses.

This will give manufacturers a clearer picture of when and how raw materials and all finished goods are being moved from their facility.

It can be costly for forecasting and tracking trends the best time for shipping and order to make sure its lowest prices and best outcomes. This risk management optimizes the right flow of goods, limiting delays, making the best use of manufacturing facilities, and reducing expensive waste.

Smart Manufacturing

Using the traditional manufacturing systems results in a consistent product at a reliable rate. But employing those old systems can’t identify some changing parameters to adjust or evaluate output except in the most traditional and basic way. If something goes wrong, this could mean disaster to manufacturing firms.

With added sensors connected to ML or machine learning and AI, algorithms will work differently. Smart systems can specify changes in material, temperature, or its process and will stop or adjust manufacturing automatically before producing a substandard product or ruining the materials.

This new response can decrease financial costs while reliability increases. As a result, the quality of the process improves while manufacturing time is being lessened.

Better Security

Cybersecurity threats remain the main concern for most manufacturing industries. Cybercrime keeps on rising and manufacturing targets are valuable targets for them.

Last year, the NAM or National Association of Manufacturers launched NAM Cyber Cover which is a risk mitigation program and special cybersecurity to help manufacturers in understanding security threats and blunt their negative effects in the industry.

By having AI algorithms with the ability to process and sort massive amounts of data at a lesser time, it can reduce unknown threats coming from hackers. It can also prevent costly infiltrations before they will happen by detecting possible threats and vulnerabilities before something goes wrong. Security fixes through AI can then be made before issues will arise.

To find the best answer for your manufacturing needs and business goals especially when your industry adopts AI in your daily operation, NetSuite Consulting offers ERP consulting services with their experts in Oracle and Microsoft ERP that is being complemented by world-class industries, businesses, and IT solutions. Their goal is to execute a solution that will not only solve your current challenges but will also prepare you for the best future.