Technological advancements have profoundly transformed every aspect of our lives. The manufacturing industry has also witnessed a technological transformative shift towards Industry 4.0. This paradigm shift is characterised by an exponential increase in the use of technology, particularly with the integration of Artificial Intelligence (AI) and Big Data into manufacturing processes. Various reports also suggest that the growth in AI and Big Data is going to be substantial. The global AI in manufacturing market size is expected to hit the mark of $ 68.36 billion by 2032. The use of technologies like big data in manufacturing has a CAGR of 14.1 percent. The market is projected to be worth $ 9.11 billion by 2026.
Why is Industry 4.0 important?
Industry 4.0, also known as the Fourth Industrial Revolution, represents the next stage in digitising the manufacturing sector. It is driven by disruptive trends like the growth of data and connectivity, enhanced analytics, human–machine interaction and advancements in robotics. The fusion of technology with Industry 4.0 brings forth novel services and products. Utilising portable devices, sensors, robotics and data analysis leads to product enhancements, ranging from streamlined testing and prototyping to integrating connectivity into once-isolated products.
The role of AI and Big Data in manufacturing
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