Taiwan is poised to emerge as a key hub for smart manufacturing, with Artificial Intelligence (AI) and automation at the forefront of this transformative wave.
Table of Contents
The state of smart manufacturing in Taiwan
Taiwan’s manufacturing, primarily in electronics, computers, and machinery, is a cornerstone of its economy. With a production value of roughly USD 320 billion, it constituted approximately 3.5% of the global manufacturing market in 2019, according to Taiwan AI Academy.
Despite challenges such as labor shortages and rising labor costs, smart manufacturing is poised to lead global companies in adopting Industry 4.0 practices. Smart manufacturing leverages AI, Machine Learning, and automation to revolutionize production. This transformation promises greater automation levels, customization, sustainability, cybersecurity, and human-machine collaboration. Accordingly, McKinsey reports that 70 percent of companies are either considering or implementing smart manufacturing strategies.
How can Taiwan reshape smart manufacturing with AI and automation?
Enhancing product life cycle management
Product life cycle management (PLM) leads the way in intelligent manufacturing innovation. It offers a structured approach to overseeing every stage of a product’s journey, from conception and design to production, utilization, and disposal.
Significantly, the integration of PLM systems with AI and automation has led to remarkable results. For instance, it enables automatic simulation and refinement of product designs. Besides, through analyzing extensive data sets, AI can detect potential issues, suggest design enhancements, and anticipate maintenance requirements. Hence, this can accelerate the product development process, cut costs, and elevate product quality.
Improving forecasting
Traditional inventory forecasting, relying on spreadsheets or paper-based methods, demands massive time and human resources. While conventional approaches utilize algorithms to predict future demand and supply levels, these algorithms often remain inflexible.
Meanwhile, ML-driven, automated forecasting offers dynamic algorithms that adapt automatically to market dynamics, historical production data, and industry trends. This contextual awareness significantly enhances forecast accuracy. By automatically analyzing extensive historical data from internal and external systems, ML-driven forecasts enhance predictability regarding future procurement and production levels, ultimately improving order fulfillment rates.
Leveraging predictive maintenance
Predictive maintenance allows manufacturers to predict when equipment is at risk of failure, thereby mitigating costly unplanned downtime.
Effective predictive maintenance hinges on data collection, which involves gathering relevant information from machinery and equipment to monitor their performance, detect irregularities, and anticipate potential malfunctions. Automation plays a pivotal role in this process by actively collecting data from various sources, including real-time and historical data, to provide insights into equipment operational status.
Subsequently, through data analysis using AI algorithms, organizations can identify patterns, anomalies, and trends that facilitate the prediction of potential equipment failures. Hence, it enables proactive scheduling of maintenance or replacement.
Benefits of implementing AI and automation in smart manufacturing
The benefits of AI and automation in smart manufacturing are significant.
- Enhance efficiency: Through process optimization and the utilization of real-time data, AI and automation technologies in smart manufacturing have the potential to boost efficiency and minimize wastage.
- Elevate quality: The integration of AI and automation can enhance product quality by identifying and preventing fraud in real-time.
- Increase adaptability: AI and automation facilitate greater adaptability in production, enabling manufacturers to respond to fluctuations in market demands promptly.
- Save costs: By optimizing human and time resources, improving efficiency, and optimizing inventory levels, the adoption of AI and automation in smart manufacturing can result in substantial cost savings.
How to choose the right tech vendor for your business?
Businesses need to seek out trustworthy, long-standing partners with the necessary skills and capabilities to provide outstanding services.
Accordingly, several critical factors need to be taken into consideration, including:
- Security frameworks for the platform
- Adherence to privacy regulations and data processing agreements
- Effective support throughout the implementation journey
- Integration proficiency with your existing programs and processes
- Product innovation roadmap
- Reputation of both the vendor and the product
akaBot – Enabling you to a comprehensive smart manufacturing journey
In Vietnam, akaBot (FPT) provides a comprehensive automation solution for various manufacturers, facilitating them to build a comprehensive roadmap for development and redefine their organization with advanced technologies.
- One-stop shop solution: akaBot offers an end-to-end Intelligent Automation solution, harnessing the power of RPA by integrating with various complementary technologies such as Artificial Intelligence, Intelligent Document Processing, Optical Character Recognition (OCR), and Machine Learning to meet complex customer requirements and conquer potential markets globally
- 24/7 efficient support, recognized by customers and the world’s leading IT solution evaluation organizations (G2, Gartner)
- Quick return on investment (after only 7 months, according to the G2 report)
- Fast implementation: PoC (Proof of Concept) within 1 week for the first process automation
To unlock new levels of productivity, efficiency, and competitiveness in the global landscape, contact us today.
Reference
How AI is Redefining the Manufacturing Industry
How Companies Can Succeed With AI In Smart Manufacturing
10 strategies to choose the right tech vendor for your business
akaBot (FPT) is the operation optimization solution for enterprises based on the RPA (Robotic Process Automation) platform combined with Artificial Intelligence, Process Mining, OCR, Intelligent Document Processing, Machine Learning, Conversational AI, etc. Serving clients in 21+ countries, across 08 domains such as Banking & Finances, Retail, IT Services, Manufacturing, and Logistics…, akaBot is featured in “Voice of the Customer” for Robotics Process Automation” by Gartner Peer Insights, G2, and ranked as Top 6 Global RPA Platform by Software Reviews. akaBot also won the prestigious Stevie Award, The Asian Banker Award 2021, Everest Group’s RPA Products PEAK Matrix® 2023, etc.
Leave us a message for free consultation!
