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Manufacturing Technology Insights | Thursday, January 23, 2020
Shop floor management can significantly boost a company's thinking with little time investment.
FREMONT, CA: When applied to manufacturing, the Industrial Internet of Things (IIoT) is a concept that integrates smart industrial technology, AI-powered automation, and advanced analytics to help make every worker and every factory more efficient.
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The marriage of modern manufacturing techniques with information technology, data, and analytics is catalyzing a new industrial revolution that enables manufacturing leaders to mix information technology and operations technology in novel and innovative ways.
The smart factory has the potential to significantly improve manufacturers' performance in today's vibrant, digital world.
The smart factory is an environment in which cyber-physical systems monitor and analyze the factory's physical activities and automate or assist in the control and decision-making processes. This increases the efficiency and efficacy of manufacturing.
The interest in smart factory applications continues to grow as manufacturers realize the enormous operational benefits and competitive advantages they may generate. These include on-demand, real-time visibility into the performance of the entire manufacturing chain, information and technologies to aid in the control of physical processes, production that is adaptable, proactive, and flexible, integrating suppliers and customers from start to finish.
Industry 4.0—catalyzing innovation, automating processes, and enhancing operational excellence
As the beating heart of a business, the shop floor is critical to the smart factory journey. Industry 4.0 brings new technologies to the shop floor that accelerate automation, connect data, and promote operational excellence, enabling the makers to achieve genuine mastery.
Technological advancements with The Autonomous Digital Enterprise: Digital technologies have evolved substantially in recent years, mainly due to three significant developments: reduced processing costs, lower storage prices, and lower bandwidth costs. This has resulted in a considerable increase in the adoption of disruptive technologies.
Data is central to today's business, and as more manufacturing organizations face an increase in the volume and complexity of data coming in from systems, they must learn to leverage it through the implementation of digital enterprise applications that span on-premises, cloud, and hybrid infrastructures. Intelligent strategies and sophisticated, centralized, and scalable AI-enabled operations (AIOps) technologies will take precedence, eventually displacing traditional ITOps methods to modern management. By leveraging new operational models and technology to increase agility, customer centricity, and actionable insights, businesses may reach the level of innovation necessary to succeed—and transform into an Autonomous Digital Enterprise.
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