Industrial AI and predictive analytics for smart manufacturing systems

Abstract Today, the manufacturing industry is aiming to improve competitiveness by integrating capabilities such as sensing, communication, big data analytics, and cloud computing technologies in order to secure a new growth engine. This integration is colloquially known as a “smart industry.” To enable the realization of smart manufacturing systems, a clear roadmap for systematic development and implementation of artificial intelligence (AI) in industrial systems is necessary and for that, the concept of Industrial AI would play an important role. This chapter presents a comprehensive overview of the important role of key enabling technologies of Industrial AI in the manufacturing industry in general and how their systematic adoption will aid in producing new value-creation opportunities and avoidance of problems that haven’t even occurred yet.