WHY IS IT IMPORTANT TO TRANSFORM TOWARDS A SMART FACTORY OF THE FUTURE?
It will no longer be enough for manufacturers to sell products and innovations to customers and produce them at reasonable costs. Increasing diffusion of software across all aspects of manufacturing has led to the emergence of low-cost, highly efficient, non-traditional global competitors ranging from start-ups to software behemoths. Add to this the increasing complexity of customer requirements, growing demand for greater transparency and compliance, and a faster rate of product obsolescence – all this has resulted in creating a very dynamic and price-sensitive manufacturing ecosystem.
These challenges require companies to transform shop-floor operations accordingly: to further increase efficiency, on the one hand, and to also increase the ability to address increasingly complex and fast-changing customer requirements, on the other.