AI Is Reshaping How Industries Run, Compete, And Grow
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Industrial automation and AI (Illustration: Getty Creatives) getty Digital solutions underpinned by AI or “artificial intelligence” are not just finding their place at the heart of the world’s industrial and manufacturing complex, but appear to be reshaping how industries run, compete and post growth. That’s if their current levels of technological proliferation are anything to go by. In 2024, the industrial AI and automation business was estimated to be worth at least $200 billion, premised on a range of valuation methodologies deployed by multiple consultancies and data aggregators. Investment in core industrial AI solutions accounted for over a fifth of that headline figure, according to some forecasters. Looking ahead, spending on industrial AI is tipped to reach $400 billion, if not more, by 2030, at a compound annual growth rate of at least 8%, depending on which forecaster you rely on. Furthermore, its not just financial data on industrial AI that’s indicative of the approaching horizon – habits, dependencies and processes are rapidly evolving. A Multibillion Dollar Tussle According to Schneider Electric, one of the world’s largest energy management and industrial automation firms, there has been a 78% growth in AI usage in organizations, if this year’s data is compared to usage levels in 2020. And there are three times as many people using AI tools in 2025 versus 2020, the company said at its recently concluded Innovation Summit in Copenhagen, Denmark. Offering forward projections at the event, Schneider Electric CEO Olivier Blum also predicted the deployment of three times as many IoT or “internet of things” devices banking on AI by the end of the decade. There are two strands of AI – generative and agentic. Generative AI systems are capable of using models that learn from inputted data characteristics and structures to produce tailored outputs. Agentic AI goes…
Filed under: News - @ October 26, 2025 11:25 am