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And if we talk about Canada, the manufacturing sector there is known to be one of the significant contributors to the country’s economy.The Covid-19 pandemic has exposed the fragility of every industry, and the manufacturing industry has been no exception.
With the global economy reviving slowly but steadily, the manufacturing industries of Canada have also begun to leap towards growth.As per the data available recently, the manufacturing industry of Canada stands at $174 billion of its GDP, which is more than 10% of its total GDP.
The major manufacturing industries in Canada are automobiles and aerospace.Traditionally, Canada’s services and natural resources sectors were the major contributors to the country’s economy.
The recently revived Canadian manufacturing industry is gradually becoming the major contributor.
It boasts a highly skilled and specialized workforce that includes engineers, technicians, researchers, and salespersons.
With a growing manufacturing sector, the demand for highly skilled workers is also growing.The manufacturing industry in Canada has quickly adopted modern technologies and has brought about innovations in the manufacturing process.
AI-powered machines show an easy path to the future by providing some benefits — providing new opportunities, increasing production capacity, and bringing machine technology closer to human interaction.The fourth industrial revolution is knowledge-based work, driven by automation; By creating new ways to automate tasks, people and machines can rebuild a rich, robust digital economy that lives, interacts, and collaborates.
AI facilitates the conquest of many internal challenges in the industry: from lack of expertise to complexity of decision making, integration issues, and overload information.
Businesses can be witnessed to expand in terms of product capabilities and meet the high demand of customers worldwide.Safe operating environment:With so many flaws in the manufacturing plant, a step towards AI means fewer human resources have to do the risky and overworked work.
As robots replace humans and perform routine and hazardous operations, the number of workplace accidents decreases throughout.Novel Opportunities for Humans:As AI takes over the manufacturing plant and automates boring and simple human tasks, workers must focus on complex and innovative tasks.
While AI looks at unskilled labor, humans can focus on driving innovation and transforming their business to advanced levels.Condensed Maintenance Costs:While bringing in AI in the manufacturing industry requires huge capital investment, the ROI is significantly higher.
The development of machine learning techniques, advances in sensors and, therefore, the rise of computing power has helped to produce a new generation of robots.
Today, top-level executives are investing for AI in manufacturing industry to improve operational efficiency, productivity, performance.
From achieving significant cuts in downtime to generating better-designed products and improving the safety of employees, AI is truly evolving manufacturing.In a Forbes Insights Survey on Artificial Intelligence, 44% of respondents from the automotive and manufacturing sectors classified AI as “highly important” to the manufacturing function in the next 5 years, while almost half, 49% said it was “absolutely critical to success.” According to markets and markets, Artificial Intelligence in the manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025.
Organizations around the world are looking for ways they too can deploy chatbots in their company and drive rapid performances.
The manufacturing industry is keen to adopt chatbots as well.While the use cases we’ve mentioned are very generic, chatbots do have specific niche applications for the manufacturing industry, which can be the game changers for this sector as a whole.
Let’s take a look at a few probable situations:Also Read: AI In Manufacturing — Top 10 AI Manufacturing Use CasesSUPPLIES AND INVENTORYOften, the manufacturing industry experiences losses because supplies are collected even before a need for them is displayed.
They can obtain specific information they’d require in order to process orders successfully.Chatbots that are combined with messaging apps allow managers and customers to order additional supplies when required via the same interface.
The bot takes their requests and converts them into a formal order and facilitates successful fulfillment.ORDER FULFILMENT AND DELIVERYIf products meet desired expectations, delivery is typically the last step of the supply chain management lifecycle.
Chatbots facilitate the efficient functioning of this step — managers and buyers can simply ask queries in human language to obtain information about pending orders and current inventory.
Every organization, especially in the manufacturing industry, involves a cycle of people, processes and supply chain to create a positive consumer experience.
The lifeblood of every business is to get their products/services into the hands of the customers.
Hence, it needs an efficient sales order processing to fulfill a customer purchase.
If not done right, it could be the ultimate downfall of your business.
Be it out-of-stock items, errors in sales order entry, or slow cash flow, all can hurt your company’s performance.
