Based on a report by MarketsandMarkets, the global artificial intelligence (AI) market in manufacturing is projected to grow from $3.2 billion dollars in 2023 to $20.8 billion dollars in 2028, at a CAGR of 45.6% during the period. Such a scenario is supported by the stance that decision-makers in industries are increasingly taking on AI.

A recent KPMG study on the expected value of generative artificial intelligence (Gen AI), in which 300 industry leaders participated, found that for 77%, Gen AI will have a greater impact on their business than other emerging technologies; or that 73% expect such technology to increase the productivity of their workforce.

In the manufacturing sector specifically, the research specifies that the expectation that AI Gen will bring value to companies is mainly focused on scheduling optimization (76%), inventory management (69%) and price forecasting (51%).

After the paradigm that represented the arrival of robots capable of manufacturing products, the industry is now integrating advanced simulators with AI and virtual reality (VR) to improve operational efficiency. In this regard, SoftServe is driving a concept called “customized robotics,” whose approach prioritizes simulation before investing in physical prototypes, under the premise that testing product designs in a virtual environment drastically reduces costs and physical iterations. 

Agriculture and manufacturing, productive sectors relevant to the country's development, are at a crucial point where technologies such as artificial intelligence and advanced simulation are driving operational efficiency; while generating changes in the way in which resources are designed, produced and optimized.