Accelerating Value Realization in the Smart Factory
Businesses are under increasing pressure to optimize profits and efficiencies while simultaneously reducing costs – a daunting challenge. They also face significant demand to accelerate value realization even among disruptive challenges:
- Aging infrastructure can create high maintenance costs, lost
productivity, and wasted resources.
- Maintaining assets without the necessary data insights is
reactive and often results in unplanned downtime.
- Customers expect tailored products that meets their needs –
mass customization being the norm.
- Smaller, disruptive organizations are creating a tipping point in
the market that is driving entirely new business models.
Overcoming these challenges and remaining competitive in an increasingly connected world is what a Smart Factory enables. A Smart Factory is one where manufacturers are using digital technologies to transform their business operations to improve profitability for the entire organization. The Smart Factory uses a never-ending stream of integrated data gathered from system-wide assets, analyzes that data, automatically optimizes factory operations, and empowers humans to make better decisions faster. It helps organizations learn, adapt, and meet market and customer demands.
This eBook explores using IIoT and cloud technologies to create a Smart Factory for new insights to optimize processes and productivity, sharpen competitive advantage, and respond to market changes that deliver value.
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