Why running smart factories is good for business
Smart factories are changing the face of manufacturing. Using connected devices, intelligent insight and automated processes, organisations can produce more, and better products in less time, for less money. But does it sound too good to be true?
With customer expectations increasing, against a backdrop of rapidly advancing technologies and intensifying competition, commercial success depends on working smarter. This is particularly poignant for industries that rely on mass physical output, like manufacturing.
The brave new world of Industry 4.0 – so-called because it’s seen as the Fourth Industrial Revolution – is characterised by intelligent machines that communicate with and learn from each other, with little to no human involvement.
This is the era of the ‘smart factory’, and it’s changing the way we do business.
As a physical manufacturing environment managed by virtual technologies, smart factories create exciting new possibilities for organisations across the sector.
Artificial Intelligence (AI) and the Internet of Things (IoT) can drive operational and financial gains through the cloud. In this setting, we are also witnessing the rise of IIoT, the Industrial Internet of Things, which uses robotics through the production cycles.
This whitepaper explains more about what the smart factory means, how it benefits your business, and why it’s shaping the future of manufacturing.