DECEMBER 20206 MANUFACTURING TECHNOLOGY INSIGHTSManufacturing starts its journey on the shop floor. This is where the raw material moves through myriad of processes and gradually metamorphizes into the final product. Lately, Industry 4.0 is transforming the way shop floors function and is supercharging the productivity of manufacturing facilities. With new devices and equipment, manufacturers are innovating their shop floor to become a smart factory building their customer loyalty and driving revenue streams.Manufacturers are leveraging technologies like artificial intelligence, machine learning, the internet of things, IIoT, and robotics at shop floor operations for better quality management and real-time visibility into a product, ultimately improving their manufacturing processes. By deploying AI in handling and managing shop floor activities, manufacturers are ensuring that the tasks are carried out efficiently and precisely. Moreover, by combining the best of machine learning with real-time monitoring, shop floor solutions offer managers insights into the performance of the production process at the shop floor level.With the deployment of blockchain, manufacturers have increased visibility across every area of product development--from sourcing to procurement to buy floor operations. Therefore, manufacturers can easily meet delivery dates and increase the ROI on digital solutions. By applying cutting-edge technology like digital twins, manufacturers will be able to optimize the flow of their goods through the network, make smarter, data-driven decisions and be prepared for unexpected challenges in the future. For better resiliency, manufacturing companies need not entirely abandon their ways of functioning. They should be able to find the right balance of combining their best practices with the digital and automation capabilities of the present. By integrating shop floor processes with the rest of the enterprise functions using technology, organizations can not only improve their production activities but also enhance their relationships with customers and suppliers. On that note, this edition features some of the leading-edge shop floor solutions that are at the forefront of change with their exceptional technology. The Rise of Smart FactoriesEditorialCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:Phone:510.936.8381Fax:510-894.8405Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com DECEMBER - 09 - 2020, Vol 06 - Issue 38 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerChris LynnAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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