Industry 4.0 | The Factory of the Future: Smart Factory
Written by Denise Rice, President & CEO, Peak Performance
The Smart Factory is characterized by adaptability and customization, efficient resource utilization, improved safety and ergonomics, and the integration of customers in the value stream. Its foundation is the Internet of Things (IoT).
A smart factory can be made up by 7 different elements, which include, systems integration, cloud based, applied robotic, additive manufacturing, augmented reality (AR), big data and analytics, and cyber physical systems (CPS).