Industry 4.0’s New Frontier: The rise of the IoT-powered Smart Factory

Industrial IoT technology powering the future of the smart factory

Manufacturers are increasingly turning to industrial IoT technology to improve factory efficiency and prevent machine failures.  Recent trends such as the proliferation of data-powered capabilities and the convergence of the digital and physical worlds have made the transformation of the supply chain increasingly possible. As industries move towards Industry 4.0, the idea of a smart factory is becoming increasingly conceivable where manufacturing is powered by IoT.

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According to an article by Deloitte, the smart factory is a flexible system that can self-optimize performance across a broader network, self-adapt to and learn from new conditions in real or near-real time, and autonomously run entire production processes. The smart factory represents a leap forward from more traditional automation to a fully connected and flexible system—one that can use a constant stream of data from connected operations and production systems to learn and adapt to new demands. Rapid technology changes and trends have made the shift toward a more flexible, adaptive production system almost an imperative for manufacturers who wish to either remain competitive or disrupt their competition. The proliferation of IoT technology and its capabilities mean that companies are able to tap on data collected and use it to stay competitive through making their manufacturing processes autonomous and efficient.

At the upcoming IPC APEX EXPO 2019 in San Diego, two live production lines will be featured as a testament to the achievements made in digital standards development towards Industry 4.0.  The display of the live production lines is proof that development towards a smart factory is feasible. One of the agenda for this conference is the Connected Factory Initiative, where a committee has been created to define what a connected factory means. As IoT technology becomes more commonplace, this technology can be leveraged on to come up with a concept of a connected factory powered by IoT.

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Xerafy is able to capitalize on the wave of this new frontier, adding value to the smart factory through its RFID solutions and capabilities. TPV Group envisions the usage of Xerafy’s RFID tags as the basis for an autonomous smart factory that is powered by IoT technology. The RFID tag data will be used by a robotic system which manages where the carriers will be sent for processing. The data obtained from the RFID tags will be able to power manufacturing operations, laying an important foundation for the smart factory.

How will the smart factory forge a new frontier in Industry 4.0? How can Xerafy leave its own imprint in this new frontier? Leave a comment below or drop us an email at sales@xerafy.com