AI in Steel Manufacturing- What Should You Know?
Digital transformation has revolutionized the steel manufacturing industry. While Steel manufacturers are readily embracing and experimenting with digitalization, they are willing to upheaval the steel manufacturing process even further with Artificial Intelligence (AI).
Artificial Intelligence has become the nucleus of the steel manufacturing industry. AI has helped businesses achieve high ROI by transforming the toilsome and flawed steel manufacturing process to an effortless and friction-less one. AI is a powerful tool and is paramount to the steel manufacturing industry, owing to the 5 main reasons listed below.
1 Quality Control
As it is humanly impossible to track every stage of the production cycle for quality assurance, manufacturers opted for machine vision, which again had its own limitations; lack of data tracking, installing expensive hardware, inspection restricted towards specific image orientation, etc. AI-backed vision systems aid quality control and assurance by identifying, analyzing, predicting, and eliminating defective products with high accuracy and microscopic precision at every stage of production.
2 Predictive Maintenance
Good maintenance ensures a significant reduction in operational costs and enhances the overall production efficiency. Predictive maintenance is one of the most important functions of AI, it is a technique wherein AI collects data from various manufacturing sources and applies intelligent algorithms to predict defects and anomalies beforehand. *According to a report by Mckinsey, AI-derived predictive maintenance can create a value of about$500 billion to $700 billion across the world’s businesses!
3 Maximize Cobot efficiency
Cobots or Collective Robots have become a popular adoption in the steel manufacturing industry. Cobots are basically robots working in unison with humans to reduce the human effort and boost employee productivity resulting in a multi-fold increase in efficiency with AI integrated COBOTS. The complex and hazardous processes and operations in manufacturing that were earlier performed by human are now being taken over by AI-based cobots leading to much better, faster and satisfactory performances without risking the safety of employees.
4 Streamlined Supply Chain
AI not only aids in frictionless manufacturing of steel and steel products, but it also streamlines the supply chain process for efficient delivery of the product. AI streamlines the supply chain process by solving complexities of logistics and generating best supply chain strategies by analyzing demand forecast, identifying multiple supply channels, optimizing logistics network, etc.
5 Generative Design
An ultimate step to product innovation is to use generative design. For instance, a steel manufacturer needs to manufacture steel chairs. He gets in touch with the design engineer, who uses AI-based generative design by giving simple inputs like height, width, strength, size, etc. Thousands of design options are now readily available to the manufacturer within a short time. AI Generative design enables the manufacturer to gain a competitive advantage due to product novelty and quality.
Manufacturers embedding AI in the steel production process achieve ultimate operation efficiency, a significant reduction in costs, improved employee productivity and enterprise-class quality of steel products that passes quality assurance standards and regulations without much ado.
Alain Dehaz rightly quotes: “Technology, through automation and artificial intelligence, is definitely one of the most disruptive sources.”
So, it is safe to say, AI technology is here to disrupt and steel manufacturers must take complete advantage of it.