Smart manufacturing has led to what’s been called the Fourth Industrial Revolution. The data collected from the manufacturing process and the usage of equipment can determine the productivity and efficiency. However, most of the older factories are still running legacy systems. Many of the equipment are non-connected and unable to send any alert automatically when the machines encounter problems.
As compared to new manufacturing facilities that are now equipped with sensors that can collect extensive data and monitoring the usage of their assets and logistics, this new breed of factories can easily lead the industry and leaving behind their old competitors. Thus, it’s important for them to transform digitally and embrace some of form of IR 4.o technologies such as IoT.