Management

The time is now for the smart factory

Almost everyone has become accustomed to smart phones, smart televisions, and even the concept of smart cars. And technology has advanced far enough that people understand generally what expectations of functionality are associated with the use of the word “smart” in front of a word. But outside of the consumer product sphere, the companies that produce those goods, and all the “non-smart” goods as well, are beginning to benefit from the same technologies.

Next-generation manufacturing technology helps early adopters

Most manufacturers have invested in some type of technology to run their businesses, whether it's new equipment, robotics, software or business intelligence tools. Each year, Plex Systems Inc. conducts a survey that gathers insights on how manufacturers use technology to solve day-to-day challenges, as well as major industry challenges. The fourth annual State of Manufacturing Technology Report reveals that manufacturers investing in technologies that enable a connected environment are more resilient and optimistic about the challenges ahead.