Smart Factories: Benefits and key principles
What is smart manufacturing? This question is best answered by looking at the benefits and principles of the smart factory. Among said benefits are:
- The smart factory is more efficient than traditional manufacturing because all processes are optimally aligned.
- Production costs are lower, due in part to reduced downtime and less waste.
- Underutilized production capacity can be identified and eliminated. This, in turn, means that companies are making the best use of their resources.
- Smart manufacturing tools use augmented reality (AR) to facilitate company work, improve planning and quality control. This also has a positive impact on product development and logistics.
The basis for a smart manufacturing process is the use of networked plants and devices. The data collected here can be used for evidence-based decision-making.
For smart factory applications to reach their full potential, processes such as machine learning are also of great importance. They provide a long-term competitive advantage by supporting every area of production. This is precisely why connectivity, data analytics and diagnostics are key principles of the smart factory.