The rapid development of digital technology has eased the pressure on manufacturing. In order to prove that industrial intelligence can solve the problem of excess capacity of enterprises, the data of manufacturing enterprises listed on Shanghai and Shenzhen A-shares from 2011 to 2019 were used to study the impact of industrial intelligence on capacity utilization. The research results show that industrial intelligence can significantly improve the capacity utilization rate of enterprises, and the impact of industrial intelligence on capacity utilization of enterprises is still confirmed by using the “WinGo similar word database” to improve the measurement range of industrial intelligence indicators. Industrial intelligence can promote the improvement of the capacity utilization rate of enterprises by improving the efficiency of resource allocation, increasing the input of human capital elements and increasing the export demand of enterprises, and has a greater impact on non-state-owned enterprises, western regions, non-high-tech enterprises and technology-intensive enterprises.