Why Manufacturing Stands - To Gain The Most Through Artificial Intelligence

With AI technologies finding their way into manufacturing, even leading economists from MIT are worried that technology is replacing jobs at a faster pace than creating new ones.

- Adeesh Sharma

Siri on the iPhone, Cortana on Windows, Alexa, self-driving cars, and face recognition on Facebook photos, these are all examples of how Artificial Intelligence (AI) is already having a profound impact on human lives. This trend is also impacting manufacturing, albeit on a smaller scale now, with robots being increasingly used to replace humans in factories across the globe, from the US, Europe, Japan, China and Taiwan. Foxconn has already replaced 60,000 humans with robots in its factories, after developing artificial intelligence solutions for its manufacturing processes. Such a strategy they insist shall help them offset increasing labour costs in labour-intensive countries such as China. Also, with AI technologies finding their way into manufacturing, leading economists from MIT are worried that technology is replacing jobs at a faster pace than creating new ones, which could lead to higher unemployment over a short-term period. Recently, Bill Gates has commented on robots paying taxes in case they are only intended to replace humans in jobs. Well, looks preposterous right now, but who knows! In the past, a Japanese company Deep Knowledge has even appointed a robot with deep AI skills as one of its directors as they feel it has the ability to predict market trends better than humans!

Robots replace humans in manufacturing