According to Global Forecast 2027 report“AI in the manufacturing market is expected to grow at an Annual Growth Rate of 39.7% from 2019 to 2027 to reach $27 billion by 2027”. Artificial intelligence (AI) refers to the capacity of a computer or robotic device to process information and to produce results that are closely linked to people’s thinking as they learn, take decisions and overcome problems. With the growth of the e-commerce and Logistics sector, AI is maximising the operations in smart warehouses.
The manufacturing and e-commerce industries are rapidly implementing Artificial Intelligence-based technologies and services to transform their operations and increase productivity. India’s popular fashion e-commerce Myntra has incorporated Artificial Intelligence (AI) with its warehouse which improved production cycle from 180 days to less than 45 days for fast moving fashion items. The Panasonic Technopark in Haryana manufactures air conditioners and washing machines which are programmed and controlled by artificial intelligence during their manufacturing and testing cycles.
Advantages of A.I in warehouse management.
- AI will help warehouses to adapt to the rapid change of activity to ensure the process is continuous and efficient.
- AI evaluate market demand and manage the warehouse inventory.
- It ensures operators are well updated with warehouse activities at any given time and thus helps to eliminate inaccuracies.
- AI determines how much workforce is needed in warehouses depending upon the production value.
Is A.I critical for your warehouse in the current scenario?
AI’s increasingly capacities, together with high automation rates seen in current manufacturing conditions, have provided a window of opportunities for forward-looking businesses to move in. From 1 billion in 2019, the projected growth of the manufacturing sector is predicted to hit 17 billion dollars by 2025. Panasonic has launched a research branch in Bengaluru to develop artificial intelligence that can be used for installations in the warehouse. If a manufacturing company desires the greatest growth opportunities and market supremacy, it is the right time to adopt A.I including warehouse automation.
If you are a company that wants to take action with AI-based technologies and services to restructure its operations and increase profitability. Flexli’s AI-based solutions are cost-effective and efficient, which can contribute to a deeper understanding of operational bottlenecks.
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