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GROUP7 - The Industrial Internet of Things Smart Manufacturing
GROUP7 - The Industrial Internet of Things Smart Manufacturing
GROUP7 - The Industrial Internet of Things Smart Manufacturing
Smart Manufacture
The manufacturing industry undergoes a new age
with major changes taking place on several fronts.
Companies devoted to digital transformation take
their future plants inspired by the Internet Of
Things (IoT). The IoT is a worldwide network of
interrelated physical devices,which is an essential
component of the internet, including sensors,
actuators, smart apps, computers, mechanical
machines, and people.
The term Smart Manufacturing was coined in 2006 at
a National Science Foundation workshop on
Cyberinfrastructure . In parallel, Germany was
working on a similar initiative completely
independently called Smart Factory, and a couple
years after that, they renamed it Industrie 4.0. Both
Smart Manufacturing and Industrie 4.0 have evolved
in parallel. Industrie 4.0 had a focus on cyber-
physical systems while Smart Manufacturing has
focused on highly connected information-driven
manufacturing.
Cost reduction — Reduce operational costs through
inventory management, optimizing assets, reducing
machine downtime, improving energy efficiency, and
optimizing operations.