Generative AI in manufacturing refers to using advanced AI algorithms and generative models to optimize various aspects of the production process. This technology enables manufacturers to create innovative product designs, streamline workflows, predict maintenance needs, and boost efficiency in frontline operations. By integrating generative AI, manufacturers can enhance decision-making, collaboration, and data insights, ultimately improving overall performance.

According to Gartner, ‘By 2026, the market for software that enables hyper-automation will reach nearly $1.04 trillion, with a CAGR of 11.9%. Demand for hyper-automation is driven by a strong need for digital transformation due to talent shortages, increasing economic pressures, and competitive challenges.’