5 Ways to Turn Smart Manufacturing Awareness Into Execution

Manufacturing.net | March 12, 2019

5 Ways to Turn Smart Manufacturing Awareness Into Execution
Industry 4.0 and digital transformation bring with them smart factories and smart manufacturing units, which are fully integrated, collaborative manufacturing systems capable of adapting to supplier and customer needs in real time. The latest technologies in the Internet of Things (IoT), cloud computing, data analytics, and artificial intelligence are forming an integral part of this digital-driven industry. But how important is a digital transformation to the manufacturing industry?
According to a recent PWC survey, 72 percent of manufacturers are increasing their digitization efforts, investing $907 billion per year – roughly 5 percent of revenue – toward smart factories and connectivity.

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