Innovative technologies, particularly in the context of information technology along with the information methods, business and logistics are applied within the contemporary business a system,  which has directed to innovative techniques of production, innovative techniques of business activities, and also an improved service actions in the scope of industrial production.

            Factories have turned out to become further flexible toward the complicated confusion within the modern market. The modern perceptions of production systems demand both horizontal and also a vertical combination of the entire contributors within the process of production. This combination measures the formation of a fresh, fundamental modification in the production mode which conducted by German entrepreneurs, and entitled the industry is . In this context, the environment of smart production us structuring the creation of smart factory (Wang, et al., 2016).

        Smart factory defines as a production clarification in efficient and flexible methods must be to reach the market requirements nowadays, and also accomplishes the combination between the different industrial, along with non-industrial associates who create active and virtual companies. This kind of combination is connecting the physical elements of the digital and production system, abstract, physical production systems into one particular system named “cyber-physical production systems.”

        The production’s “cyber-physical production systems” would be organized to respond on most of the modifications that occur in the market in-time inside the smart factories. However, it would be further than its limitations. This would not just create the production to become faster, as well as in line with the exact customers’ demands. Instead, it would also allow the processes of production conducted by a company to be more optimize throughout a worldwide collaboration net, adaptive, self-organizing, and also evolutionary.

        There is a huge potential for innovation and savings within this type of production systems and production operators. The application of “cyber-physical production systems” within any smart factories would able to provide the management with actual-time, which is on the list of essential ideologies intended for a new and innovation stage of industrial production (Rudtsch, et al., 2014)

Benefits on industry 4.0 revolution about smart factory:

        It depends on the need of the organization that how it going to use the smart factory and how it's going to align with the system of the organization. But the usage of the smart factory not easily generalized and can be changed according to requirement. It handles many major sectors of the organization like sustainability, safety, cost, quality, and asset efficiency. These all give many benefits to the organization and it will make the speed of organization very fast in the market, provide labor force stability, product quality, and better profitability and also increase the ability to capture the market share. It is very important to understand how the smart factory gives benefit and how the smart factory sustainability required incremental investment. The smart factory in the organization develop the analysis of data and with the help of this thorough analysis, many asset performance issues may reveal and proper corrective optimization must be required for making the performance of asset better. (Bansal, 2019)

         The difference also appears between the traditional automation and smart factory that increase the efficiency of the asset. With many other potential benefits, it helps to reduce change over time, optimized capacity, and lower asset downtime. So it improves the working efficiency of the asset that all employees of the organization used for the purpose of generating profit. Smart factory effective the quality in the industry in a positive direction as it helps in detecting the quality defect and predict as soon as possible and also identify the cause of poor quality which may environmental, machine or human. So it optimizes the quality of the product and also determines its quality-related problems before to save the lost. The process that uses to optimizing the quality will provide a better quality product that needs very fewer changes and also presents fewer defects. It also increases the yield and fills rates and minimizes the lead time and scrap rate. (rathnam, 2019)

            All those processes that are considered optimized are also cost-effective related to inventory requirement, minimize the operation and process variability and also take better staff and hiring decision according to requirement. it lowers the cost with a better-quality process and make the supply network stronger and utilize its resources in an effective manner. It also required lower maintenance and warranty cost because it provides better quality product through the better quality process and enhances the worth of the industry. it also enhances the sustainability and safety of the product. It works among the wiliness of labor and maintains the sustainability of the environment. By utilizing the process autonomy, less human error can occur and also less accident in the organization will occur. This system also provides maximum job satisfaction and enhances the turnover of the industry because the human efforts collectively enhance the efficiency of the system. every organization shows different impact by the utilization of smart factory in the industry 4.0 but the main thing is that it provides huge benefit and also enhance the credibility and worth of the product among in industry. (deloitte.com, 2018)

References of Role of the smart factory in industry 4.0 revolution:

Agolla, J. E., 2018. Human Capital in the Smart Manufacturing and Industry 4.0 Revolution. [Online]
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Bansal, N., 2019. This is how a smart factory actually works. [Online]
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deloitte.com, 2017. The smart factory. [Online]
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epicor.com, 2019. What is Industry 4.0—the Industrial Internet of Things (IIoT)?. [Online]
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Hozdić, E., 2015. SMART FACTORY FOR INDUSTRY 4.0: A REVIEW. 7(1), pp. 28-32.

KAMPA, D. S., 2019. Industry 4.0 and the rise of the ‘smart factory’. [Online]
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Kiss, A., 2018. Industry 4.0. [Online]
Available at: https://softtech.com/resources/industry-4-0/

Martin, 2017. Industry 4.0: Definition, Design Principles, Challenges, and the Future of Employment. [Online]
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operames.it, 2019. Interconnection & Industry 4.0. [Online]
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Ordinal.fr, 2019. Industry 4.0, factory of the future, factory 4.0, smart factory... [Online]
Available at: https://www.ordinal.fr/en/industry-4-0-smart-factory.htm

rathnam, l., 2019. INDUSTRY 4.0: BUILDING THE ‘SMART FACTORY’ OF TOMORROW — TODAY. [Online]
Available at: http://techgenix.com/smart-factory/

Rudtsch, V. et al., 2014. Pattern-based business model development for cyber-physical production systems. Procedia CIRP, pp. 313-319.

smartfactory.it, 2018. ABOUT SMART FACTORY. [Online]
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Vyas, K., 2019. The Industrial Revolution 4.0 and Its Possibilities Revealed. [Online]
Available at: https://interestingengineering.com/the-industrial-revolution-40-and-its-possibilities-revealed

Wang, S., Jiafu Wan, D. L. & Zhang, C., 2016. Implementing smart factory of industrie 4.0: an outlook. International Journal of Distributed Sensor Networks.