With ever-shorter product lifecycles and a rapidly growing number of product variants, discrete manufacturing companies are facing growing challenges. They need to reduce time to market, shorten lead times, and manufacture products in smaller lot sizes. While these demands are nothing new, digitization has upped the pace.
This calls for streamlined manufacturing operations, optimized value chains that extend across companies, and sensor technology. In this way, you can offer your customers individualized smart products with new features and services, and shift to consumption models based on the Internet of Things (IoT). Moreover, by connecting machines, devices, IT, and products, the IoT enables you to enhance internal manufacturing processes and create a smart factory.