Manufacturing and the digital economy are becoming synonymous with one another as “smart manufacturing” makes a bold into the business world. Despite this reality and the fact that your company may be doing well, it's critical that you remain diligent to all industry changes occurring including analytics, cloud computing, additive manufacturing, shop floor automation, and the IIoT (Industrial Internet of Things). When you're not staying ahead of these curves, then you risk losing that competitive edge.
Because customers are consistently seeking products with extensive customizations and manufacturers are feeling pressure to mass-produce cost-effectively, it's critical that the integration of business and manufacturing systems occur with automation technology. In the past, these systems would operate separately. However, factories are becoming developing full integration and embracing connected manufacturing, so they can approach everything from sales to delivery confirmations more efficiently while simultaneously reducing costs.