As Internet of Things is blending with the legacy manufacturing operations, industries are tapping into a level of technical proficiency that was beyond the reach with the traditional processes. The industrial Internet of Things will enable manufacturing assets to take corrective measures in order to avoid unexpected breakdowns.
In the coming years, there will not just be smart factories, but altogether smart manufacturing. Industry 4.0 will be a blend of data analytics, machine learning, and artificial intelligence, which will eradicate the downsides of the traditional system.
With Industry 4.0, companies are gaining proficiency in production, supply chain management, and product design by collecting and analyzing the data generated from the connected machines. Smart factory can enable companies to build hybrid business models, increase ROI, and make their operations smoother than ever before.