New Delhi, Sept. 5 -- Innovations in the manufacturing and industrial sector have focused on predictive maintenance coupled with intelligent automation and supply chain optimization. Artificial Intelligence-based tools are now forecasting indirect material consumption as well as reducing inventory levels and improving cash flow, according to the 'Vision AI: Trends and Strategic Insights 2025' report by Protiviti and CII.

"AI-based tools forecast indirect material consumption, reduce inventory levels, and improve cash flow. Manufacturing and industrial domains, traditionally driven by volume and scale, are being refashioned by predictive intelligence and process automation," the report said.

Factories and supply chains are changing into ...