Artificial Intelligence in Industry: The Potential to Boost Brazil's GDP

Artificial Intelligence in Industry: The Potential to Boost Brazil’s GDP

Written by Corporativo

Published on 15/05/2023 at 10:53

Fonte: Divulgação

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The Artificial Intelligence (AI) revolution could boost Brazil’s GDP by up to 6%, according to a study conducted by Reginaldo Rodrigues, CEO of Cogtive. With over 15 years of experience in factory control and automation, Rodrigues emphasizes the urgent need for the adoption of Industry 4.0 in Brazil.

AI in Manufacturing: Opportunities and Challenges

The incorporation of AI in the manufacturing sector could potentially result in a significant increase in Brazil’s Gross Domestic Product (GDP). Rodrigues, who is also a mechanical engineer and automation and control specialist, bases this analysis on market studies and the experience of Cogtive, a software developer for industrial production lines.

The application of AI and machine learning solutions in industrial production processes, a hallmark of the transformation to Industry 4.0, has the potential to accelerate processes, combat failures and waste, and optimize production capacity.

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Wasted Potential and the Impact on GDP

However, Rodrigues points out that in 2022, Brazil’s manufacturing industrial sector failed to generate R$ 500 billion due to the lack of utilization of hidden capacity, equivalent to 5.6% of GDP. This estimate is supported by a study from McKinsey & Company, which indicates that 30% of factories operate below their maximum potential.

The causes of this underutilization include unnecessary production line stoppages, inefficient labor allocation, and poor process management. Rodrigues argues that, thanks to modern automation and AI solutions, these problems are entirely avoidable.

Success Case: Ourofino Animal Health

As proof of AI’s potential in the industry, Rodrigues cites the case of Ourofino Animal Health. The veterinary medication company recorded a 29% increase in its production capacity after adopting Cogtive’s AI solution, called TÆLOR.

AI, Rodrigues explains, provides valuable insights through real-time data, combining machinery conditions with production line progress. This allows for the identification and correction of any issues before they result in delays and losses.

Artificial Intelligence in Industry: The Potential to Boost Brazil’s GDP

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