Smart industry also exists outside the factory walls

An era where physical and analogue processes are transformed into digitally-controlled systems and platforms is now said to be closer than ever. The term “smart” is often linked to the discussion when talking about the future manufacturing. But what does this mean exactly? Is there more than a smart factory? How about the whole supply chain of manufacturing? Boris Felgendreher, Director of Marketing for Europe, the Middle East and Africa at GT Nexus, highlights in Euroasia Industry article that the application of smart technologies is not limited to the factory space. “Right now approximately 80 per cent of the data that is required in order to make smart supply chain decisions is situated outside of the factory’s four walls,” he says. “The true value of the IoT for industry lies in its ability to enable the extraction of the relevant data and analytics that occur on a micro-level, and scale them across the entire manufacturing ecosystem,” Felgendreher continues. Read more about how efficiencies are being implemented at:

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