Manufacturing Magazine June 2015 | Page 19

THE FACTORY OF THE FUTURE
The automotive industry is leading the way in direct IoT uptake
save costs and increase efficiencies . An industry that is leading the way on this is the automotive industry as initial investment has already happened to link daily operations with advanced manufacturing analytics insight .
‘ Factory of the Future ’ There is no doubt that the Factory of the Future ; a highly efficient and organised modern manufacturing environment using new technologies and advanced analytics to increase efficiency and profitability , is imminent .
When properly integrated , IoT technologies and innovation will drive better analytics for increased efficiencies and asset optimisation – inevitably providing a healthier bottom line . The automotive industry is leading
the way but soon this will be followed by other sectors such as oil and gas , aerospace and heavy equipment .
At the moment manufacturers are cost conscious and reluctant to “ believe in IoT ” enough to change their own operations .
Once the whole business is better aligned , from the board across all departments and down to the factory floor , and understand the financial impact IoT can have on their own operations , most will understand the need to invest .
This will guarantee them greater success and will equip them to become fighting fit for the next Industrial Revolution , that will neutralise low cost labour manufacturing by increasing smart machines and process through the Factory of the Future concepts .
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