Analyze key patterns and correlations that are related to manufacturing operations.
Trace manpower, machine, material, method, and management-related information.
Predict the probability of critical events and take proactive measures to address them.
Identify impacted products, processes, suppliers, and customers, and take actions to mitigate risks.
The smart connected factory is all about changing the ways that humans and machines interact and learn from one another, so that both can do more. Three ingredients define this factory of the future: innovative technology, digital skills, and a modern, flexible data foundation.
While the survey responses are from UK manufacturers, the implications hold for US and other manufacturers as well. As Industry 4.0 (aka the 4th industrial revolution or 4IR) accelerates across the globe, the implications loom enormous and immediate in terms of the rate of change and scope of business impact, particularly for the information systems you will need.