Global Smart Factory Market 2017: Key Developments, Market Dynamics, Growth Opportunities, Trend, Segmentation and Forecast 2021
A smart factory is an advanced and automated manufacturing facility with cyber-physical systems ensuring efficient movement of materials across the factory floor. Smart Factories basically help in the Automation of the manufacturing process. These utilize devices such as sensors, motors, drives, switches and relays along with wired, wireless and radio frequency identification (RFID) network technologies. Better quality, increased productivity and lower operational cost as compared to traditional production systems are the various benefits of Smart Factory. Optimizing the value chain,...
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