What does optimization mean? More importantly, what does it look like in practice? This blog post examines the definition of optimization and provides examples of optimization.
Read on to learn what’s different about today’s connectivity, how it makes factories “smart,” and why connectivity is so crucial.
In one of our blog posts, we defined what a smart factory is and the factors that have led to its creation. But, just because a factory is automated and uses the technologies mentioned in the last post, does that make it smart? Deloitte has identified the five key characteristics of a smart factory – read on to learn what it takes for a factory to be truly intelligent.
The benefits of connected devices to B2C companies are clear - there’s significant consumer demand for “smart” products, and by manufacturing those products, companies can satisfy their customers. However, what’s in it for B2B firms?
Smart manufacturing is an emerging technology, yet its impact in just a few years has been irrevocable. Manufacturers cannot go back to traditional manufacturing methods if they want to maintain a competitive advantage.
When people talk about market disruption, they tend to define the term incorrectly. Market disruption stems from disruptive innovation. Disruptive innovation, in turn, refers to an innovation that creates a new market and value network.
Smart manufacturing is no longer the stuff of dreams or science fiction. It’s real, and it’s taking place at factories around the world. These factories are more efficient and productive as a result.
What if you could provide perfect value to your customer while generating zero waste? That idea is known as a lean strategy. While it’s a highly desirable goal, it’s also challenging to achieve, especially in a field such as manufacturing.
Two decades ago, few people could have imagined that connected devices would become an integral part of our lives. IoT devices have a significant impact on our existence, both outside of work and on the job.
IoT has become ubiquitous in enterprise technology. One place in which it’s beginning to play more of a role is in the supply chain. This technology can make the supply chain more efficient, more transparent, and give you a greater competitive advantage. Read on to learn how IoT can improve the supply chain.