AI is revolutionizing the industrial sector by increasing efficiency and allowing for more precise quality management. AI is being implemented in factories to reduce the frequency and length of downtime. AI is expected to contribute up to $15.7 trillion to the manufacturing industry by 2025. AI applications in the industrial industry include smart manufacturing, corporate operations, supply chain, and decision-making. Examples of AI in the industrial industry include cobots, RPA, digital twins, predictive maintenance, machine learning algorithms, inventory management, autonomous vehicles, factory automation, design and manufacturing, connected factory, visual inspections, quality control, purchasing price variance, and more.
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