Although artificial intelligence (EN: artificial intelligence (AI)) may come across as a futuristic concept, it has now found its way into industrial automation. AI is changing the way manufacturing companies work and has unprecedented potential to improve efficiency, proactively predict maintenance, improve quality control and make more informed decisions.
AI plays a key role in predicting maintenance needs through data analytics. This enables companies to minimise downtime and extend equipment life. From a recent study by the OECD it appears that 63% of European manufacturing companies reported a positive impact on productivity after implementing AI. This is particularly evident in larger companies, where AI combined with other technologies can deliver significant productivity improvements.
AI improves quality control through real-time inspections and continuous process optimisation. This not only increases productivity, but also reduces energy consumption. This, in turn, contributes to a more sustainable production process. Despite its potential, it shows Eurostat data that only 8% of European companies use AI technologies by 2023, with the highest percentages in Denmark and Finland. This shows that there is still a lot of room for growth and further productivity improvement through the implementation of AI.
Where traditional systems struggle with dynamic environments, AI can automate complex tasks. Think, for example, of controlling robots or cobots. This increases operational flexibility and enables companies to respond more quickly to change. Although AI is still at an early stage of adoption, especially among smaller companies, there are many opportunities for further growth and reaping significant benefits.
AI supports companies in making informed decisions through advanced data analysis. This is invaluable for optimising processes such as inventory management and market analysis.
While AI brings great benefits, investment in the right infrastructure and expertise is required for successful implementation. Companies must also consider ethical and privacy issues. Despite this, the AI market in Europe continues to grow rapidly. According to recent forecasts, the AI market in Europe is expected to be worth more than $47 billion will reach an impressive annual growth rate of 33.7% between 2022 and 2027 (Source: IDC).
The integration of AI in the field of industrial automation is inevitable and will help companies operate more efficiently. At Foorz, we keep abreast of the latest developments to best support our customers' automation needs. Take contact at for the possibilities.
