The internet has brought about the rise of the smart factory. And there is no doubt that it’s in growth mode, with industry research showing that the smart factory market is growing 10% every year as more and more organizations adopt the latest techniques. The technology that is driving the smart factory is the Industrial Internet of Things (IIoT), the name given to the network of machines often on a factory floor that can communicate with each other, enabling new and exciting levels of integration. This new data-driven industrial revolution is known as Industry 4.0.
A smart factory can be described as a facility where the production process – the factory floor – is connected to control systems to create a single entity. By creating a process that takes input generated by a wide range of sources, from customer demands to the functioning of the machines themselves, it is possible to work more efficiently and to adapt more quickly to changing requirements.