AI revolutionises industrial and manufacturing sectors
ECONOMY & POLICY

AI revolutionises industrial and manufacturing sectors

After the Covid-19 pandemic, it has been observed that Indian enterprises have commenced the incorporation of advanced analytics and data-driven decision-making into their operations. According to a report by PwC, the industrial products and manufacturing sector has exhibited the highest level of acceptance of Artificial Intelligence and Machine Learning (AI/ML) over the preceding two years.

The report, titled "Towards a smarter tomorrow: Impact of AI in the post-Covid era," points out that the industrial products and manufacturing sector has witnessed the most substantial surge, reaching up to 20%, in the adoption and implementation of AI/ML solutions from mid-2020 to 2022-23. During the period spanning 12 to 18 months subsequent to the pandemic outbreak, these sectors derived the utmost advantages from AI across three key business functions: manufacturing and operations, supply chain and logistics, and IT and cybersecurity.

In the early stages, around 64 percent of the organizations surveyed within the Industrial Products and Manufacturing sector have expressed that they are presently positioned at the initial phase of their AI-driven transformation journey. This illustrates the potential for further investments and expansion driven by AI/ML solutions within this sector, as per the details provided in the report. While there has been a noteworthy surge in the assimilation of AI, yielding significant outcomes, trends suggest that the travel and hospitality sector has achieved a saturation point. On the other hand, domains like technology, media, telecom, healthcare, and pharmaceuticals have shown consistent advancement. Nevertheless, they are encountering specific challenges in evaluating the returns on investments, particularly when considering the periods before and after the Covid-19 outbreak.

Also read: 
LiuGong introduces 936F excavator for heavy-duty digging
Sany unveils intelligent new energy dump trucks


After the Covid-19 pandemic, it has been observed that Indian enterprises have commenced the incorporation of advanced analytics and data-driven decision-making into their operations. According to a report by PwC, the industrial products and manufacturing sector has exhibited the highest level of acceptance of Artificial Intelligence and Machine Learning (AI/ML) over the preceding two years. The report, titled Towards a smarter tomorrow: Impact of AI in the post-Covid era, points out that the industrial products and manufacturing sector has witnessed the most substantial surge, reaching up to 20%, in the adoption and implementation of AI/ML solutions from mid-2020 to 2022-23. During the period spanning 12 to 18 months subsequent to the pandemic outbreak, these sectors derived the utmost advantages from AI across three key business functions: manufacturing and operations, supply chain and logistics, and IT and cybersecurity. In the early stages, around 64 percent of the organizations surveyed within the Industrial Products and Manufacturing sector have expressed that they are presently positioned at the initial phase of their AI-driven transformation journey. This illustrates the potential for further investments and expansion driven by AI/ML solutions within this sector, as per the details provided in the report. While there has been a noteworthy surge in the assimilation of AI, yielding significant outcomes, trends suggest that the travel and hospitality sector has achieved a saturation point. On the other hand, domains like technology, media, telecom, healthcare, and pharmaceuticals have shown consistent advancement. Nevertheless, they are encountering specific challenges in evaluating the returns on investments, particularly when considering the periods before and after the Covid-19 outbreak. Also read:  LiuGong introduces 936F excavator for heavy-duty digging Sany unveils intelligent new energy dump trucks

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?