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Abstract of Smart Factory Interconnection management in industry 4.0 revolution

Category: Business & Management Paper Type: Report Writing Reference: N/A Words: 250

        In the field of manufacturing, the usage of technologies of novel digital with the things of the internet with the automation and artificial intelligence and bring a new wave in the development. The term smart factory refers to the advancement in the equipment of industries that maximize the efficiency, to support the dynamic adaption and using the mechanism to provide facilities in real-time communication between market and factor and automate the processes by enhancing communication between machines and users. Manu benefits are faced by the industry through the usage of a smart factory that includes safety, decrease cost, sustainability, product quality, and increase processes efficiency. When industries implementing the smart factories then they face many challenges in the systematic transformation that move requires and happens in the large scale system of the industry. The effect of the smart factory is very beneficial in the industry as it provides a flexible and connected system of manufacturing that adapt new demand, use a system for a continuous stream of data the combine the production system and operations. This basic requirement of the manufacturers that they have to adopt new and innovative technologies and processes to stay in the market and beat the competition. Towards the implementation of smart factory, many famous and leading manufacturers are moving and start their business journey from a new starting point.

 

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