Smart factory systems can make life simpler for businesses by automating laborious processes and meeting consumer demands more effectively. But to truly take advantage of them, a team of skilled employees must understand the technology as well as be capable of handling any potential issues that may arise.
Musculoskeletal injuries account for most workplace accidents and can greatly impede production – thus hindering overall company growth. Implementing a smart factory system may prevent these hazards.
Smart factory systems may seem expensive at first, but remembering their long-term benefits should make the decision much more enticing for companies seeking to improve their bottom line. Smart technology will increase productivity while decreasing operational expenses; offsetting initial expenses while improving your company’s bottom line.
Smart factory automation tools such as AI-powered collaborative robots can alleviate human employees from repetitive and time-consuming tasks that increase risk for musculoskeletal injuries that account for much of workplace injuries and fatalities. Furthermore, reduced production time means faster product fulfillment to consumers.
Smart factory technologies give you real-time data to analyze, which enables you to view real-time information and make adjustments for increased productivity. They will help identify production issues, highlight bottlenecks in processes, reduce waste and rework and ensure consistency of quality across products.
Smart factories require large amounts of data for proper functioning. This data must be analyzed, structured, and then visualized so humans can understand it and make informed decisions – this process takes time, effort, and specialized systems; while integrating all these systems can also be costly.
Another hurdle lies in finding qualified workers. Although automation can cut labor costs, companies still require staff with digital dexterity to operate the system; this may necessitate training full-time employees as well as hiring full-time workers for management purposes – something which may become expensive over time.
Finally, smart factories require an effective cybersecurity system in place to safeguard sensitive customer demand data and payment details stored therein. Hackers frequently target these types of systems due to the valuable customer demand data contained within as well as stored payment details – which hackers know can put businesses at risk financially should this information become compromised. Adding smart firewalls and other measures can mitigate these risks significantly.
Imagine an efficient factory where everything runs like clockwork with minimal production downtime, yet this vision can become reality by adopting some key capabilities.
Use of a cloud-based ERP suite can help improve efficiency by unifying all manufacturing systems and centralizing data in one easy-to-access location, which enables engineers to rapidly identify and address issues that arise.
Transparency is also a crucial attribute. By having access to real-time data and being able to quickly transform it into actionable insights, you can make quicker decisions regarding production capacity upgrades or upgrades that reduce costs while increasing productivity.
Intelligent robots can help to increase product quality. These machines are programmed to perform complex tasks without human error affecting them – this allows for more accurate and consistent products that reduce costly repairs. Plus, using intelligent robots could save money in repairs too!
Cybersecurity threats to smart factories are of great concern. Their systems are interlinked, making any one component vulnerable impacting production – this poses serious threats that may impede meeting customer demands or affect company profits.
To manage these risks effectively, organizations should work to raise awareness among employees about potential threats and identify cyber risk ownership by security leaders. C-suite involvement and communication is necessary here, along with training employees on which tools they should be using to secure smart factory systems.
Smart technology also reduces manual labor requirements, thus saving on worker compensation costs and waste production. Furthermore, real-time inventory tracking capabilities reduce overstock materials significantly – these savings could even cover upfront costs associated with smart factories!
Deepak Wadhwani has over 20 years experience in software/wireless technologies. He has worked with Fortune 500 companies including Intuit, ESRI, Qualcomm, Sprint, Verizon, Vodafone, Nortel, Microsoft and Oracle in over 60 countries. Deepak has worked on Internet marketing projects in San Diego, Los Angeles, Orange Country, Denver, Nashville, Kansas City, New York, San Francisco and Huntsville. Deepak has been a founder of technology Startups for one of the first Cityguides, yellow pages online and web based enterprise solutions. He is an internet marketing and technology expert & co-founder for a San Diego Internet marketing company.