Can Smart Factory Play a Bigger Role in Manufacturing?

Source: https://industryresearchcity.wordpress.com/2021/09/24/smart-factory-and-industry-4-0/

Is remote working and social distancing possible in manufacturing? Yes.. all thanks to Smart Factory and Industry 4.0.

So, What Exactly Is Smart Factory and Industry 4.0?Well, let’s start with Industry 4.0. Industry 4.0 refers to the intelligent connection between machines and processes in the industry using information and communication technologies. Actually, Smart Factory is a synonym for Industry 4.0. The Smart Factory is an up-gradation of traditional automation to a fully connected and flexible system. It is nothing but the convergence of the real manufacturing world and the digital manufacturing world to enable companies to digitally plan and project the entire product life-cycle and manufacturing facilities.

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Why is Smart Factory such a big deal?

Manufacturers are always trying to avoid defects and downtime, waste, and waiting.Every company wants to deploy such a seamless process or technology that illuminate every turn of every machine, every cut of every blade, every move of every piece in the whole manufacturing process. So, more and more industries are joining Industry 4.0. It allows physical elements to combine with digital ones, improving productivity. This leads to the Smart Factory concept.

Source: https://industryresearchcity.wordpress.com/2021/09/24/smart-factory-and-industry-4-0/

Leading Smart factory companies

Smart Factory seems to be on everyone’s mind at the moment, with more and more companies looking to redefine industrial processes in

new and innovative ways. Here are some companies that are finding new levels of success with smart factories:- ABB Ltd, Bosch Rexroth AG,

Dassault Systèmes, Emerson Electric CO., Fanuc Corporation, General Electric, IBM Corporation, and many more…

Technologies in Smart Factory

A combination of various Industry 4.0 technologies promotes intelligent production

optimization. here are the most important assistive technologies: Industrial IoT (IIoT), Sensors, Cloud

Computing, Big Data Analytics, etc.

The Impact on manufacturing

Smart factories optimize efficiency and productivity by empowering both production equipment and people.

smart factories can cut costs, reduce downtime and minimize waste. It can Identify and reduce misplaced or underused production capacities

without investing in additional monetary and/or physical resources.

Smart factory from a Social point of view

As the smart factory slowly emerges, the fears around its impact on jobs continue to grow as it has the potential to change the employment structure. Although millions of jobs could be lost as a result of smart factories, millions of jobs will also be created. The evidence is clear that Smart factory manufacturing has reduced the need for routine mechanized work and increased both the demand and wages in highly skilled technical and analytical positions.

Source: https://industryresearchcity.wordpress.com/2021/09/24/smart-factory-and-industry-4-0/