Analysis & Features

Industry-led growth strategies require State backing to succeed

The first is optimization of industrial processes using innovative technologies like Artificial Intelligence to create ‘intelligent factories’ of the future. Here, we are talking of not just automation of industries but also the use of innovative technologies like data analytics to achieve higher levels of throughput and yield while reducing costs. Companies in other countries are experimenting with AI to improve product quality through automated inspection processes and mitigate supply chain disruptions by programming machines to ‘learn’ advanced production planning and scheduling techniques. [c]