SMART Manufacturing is the Future for Small and Medium-Sized Manufacturers

Manufacturing is evolving and your business needs to evolve too. The fourth industrial revolution has arrived as manufacturers meld new technologies such as the Internet of Things (IoT), robotics, virtual reality (VR) and artificial intelligence (AI) into their business strategies. SMART manufacturing – Sense, Measure, Analyze, Report and Train – will be an integral component of this strategy.

It is estimated that SMART manufacturing will generate $371 billion in net global value over the next four years by streamlining design and manufacturing processes and managing supply chain risks. By not moving forward, you may be leaving your business behind.

Fortunately, you don’t need to be a big company to realize the benefits of moving to a SMART manufacturing process. However, in order to be effective, people, processes and technology need to be in balance and working together. Other key components of a SMART manufacturing solution include:

• Equipment and Connectivity
• Data Collection
• Information Management & Visualization
• Data Analysis and Intelligence
• Business Decision Making
• Workflow execution