Why Should Organizations Move Toward Smart Factory?
manufacturingtechnologyinsights

Why Should Organizations Move Toward Smart Factory?

By Manufacturing Technology Insights | Friday, November 15, 2019

Smart FactorySmart factories bridge the gap between their on-premises implementation and control systems by bringing together both the digital and physical systems.

FREMONT, CA: Smart factories mark the new frontier of competent manufacturing and production. Besides, they achieve a high level of efficiency and automation using a myriad of technologies like the Internet of Things (IoT), Artificial Intelligence (AI), Machine-to-Machine communication (M2M), and more. 

Due to the drastic changes in functions, smart factories are often seen as the fourth industrial revolution, also popularly known as Industry 4.0. So, the overlying question by the organizations will be why one should move toward them? Below is why.

Predictive Maintenance

According to a report, most businesses spend 80 percent of their time reacting to maintenance concerns rather than preventing them. The event translates to a massive drain of resources comprising employee time, productivity, and money. Smart factories overcome the problem with proactive, predictive maintenance ability. The approach gives users early warnings when a network or machine’s performance is going to go down, so the team can take the essential measures to fix the same. Hence, no downtime or losses occur in the business.

Optimizes Assets

Intelligent factories optimize different assets and facilitate organizations to get the most out of them. The approach helps businesses to recognize theSmart Factory performance and location of the people, equipment, and resources in real-time to make the essential inventory changes on-the-fly. Besides, it assists firms to tap into the synergy of all the resources working together to gain a significant advantage in revenue and productivity.

Boosts Collaboration

The performance of the machines and visibility of the production facility stretch way beyond the four walls where the devices are reserved. When one connects the supply chain with the production facility, it creates a dynamic workflow, which provides the required data to every related team within the organization. The occurrence increases productivity, enhances collaboration, and ensures smooth operations from the beginning to end.

Improves Competence

Smart factories bridge the gap between their on-premises implementation and control systems by bringing together both the digital and physical systems. The instance means smart factories merge control, data, and physical systems to decrease time lags in the production process. In turn, the method leads to higher competence and better utilization of accessible resources. Smart factories can generate output at a staggering pace compared to conventional industries, within the shortest possible time.

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