Digitization is a complex topic and it is often challenging to understand our politicians and economists when they talk about it. So we’d thought we’d share a short overview about some important terms used in many discussions on TV or in newspapers.
SMART FACTORY – better said “The Future of Manufacturing” describes the move from existing production facilities towards the use of integrated information and automation technology systems in order to keep a competitive position. The software is embedded into the production systems in order to generate smart Products. The likely benefits are: reduced costs, shorter production cycles, leaner inventory, better customer service and optimization of resources across the board.
SMART PRODUCTS can be defined as flexible production, which are identifiable and locatable everywhere and every time. In addition to ‘smart products’ a ‘smart factory’ uses its logic to bring about several advantages of quicker, more accurate decision making, transportable production and demographic-sensible industrial engineering.
INTELLIGENT ASSISTANT SYSTEMS: Industry 4.0 main potential lays in intelligent assistant systems, which rework routine tasks and take into consideration customer requirements and provide a basis for economic production and decision making. Besides, the core idea of industry 4.0 evolves from the computation of industrial production to the collection of new IT &I CT technologies within a factory. Thereby enabling factories who use it to access individualized mass production. Finally, individualized customer requirements can be better addressed and rapid responses to changing market conditions and requirements are possible by way of Intelligent Assistant Systems.
Topics: Digitalization, Internet of Things, Skills