Comprehensive Study on Smart Manufacturing Technology Industry

Comprehensive Study on Smart Manufacturing Technology Industry

Smart manufacturing is a broad category of manufacturing that includes computer-integrated manufacturing, high levels of adaptability and rapid design changes, digital information technology, and more flexible training for technical staff. Other goals are sometimes quick changes in production levels based on demand, optimization of the supply chain, efficient production and recyclability. In this concept, Smart Factory has interoperable systems, multi-scale dynamic modeling and simulation, intelligent automation, strong cybersecurity and networked sensors.

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Leading players of Smart Manufacturing Technology Industry:

GE, ABB, Siemens, SAP, Schneider, Emerson, Oracle, IBM, Honeywell, Cisco, Rockwell, Yokogawa, Fanuc, NVIDIA, Keyence, Cognex, Stratatys, 3D Systems, Daifuku

The broad definition of smart manufacturing encompasses many different technologies. Some of the key technologies in the smart manufacturing movement include big data processing functions, industrial connectivity devices and services, and advanced robotics. Smart manufacturing uses big data analytics to refine complex processes [clarification required] and manage supply chains. Big data analysis refers to a method of collecting and understanding large amounts of data in terms of what is known as the three Vs, speed, diversity, and volume.

The speed indicates the frequency of data collection that can occur simultaneously with the application of previous data. Variety describes the different types of data that can be processed. The volume represents the amount of data. Big data analytics enables a company to use intelligent manufacturing to predict demand and the need for design changes rather than reacting to orders that have been placed.

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