Global Smart Factory Market Industry Analysis and Opportunity Assessment 2018–2028
The smart factory is a paradigm shift from traditional automation to a fully connected and flexible system that enables organisations to digitally plan and project the entire lifecycle of products and production facilities. A smart factory can integrate data from system-wide physical, operational and human assets to drive manufacturing, maintenance and inventory tracking. Moreover, several companies are already leveraging components of smart factories in areas such as advanced planning, scheduling, real-time production and inventory management.
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