ramesh1968in BANGALORE, India 1 Question 1 Answer 0 Best Answers 12 Points View Profile ramesh1968in Industry 4.0Learner Asked: August 23, 20202020-08-23T03:30:03+00:00 2020-08-23T03:30:03+00:00 SMART MANUFACTURING Where exactly the smart manufacturing is deviating from IIOT and Industry 4.0? blockchainbusiness modeldigitaliiotindustry 4.0iotmanufacturingsensor Share Facebook 1 Answer Voted Oldest Recent ramwalvekar DUBLIN, United States (US) 2 Questions 2 Answers 0 Best Answers 26 Points View Profile ramwalvekar Learner 2020-12-28T08:15:52+00:00Added an answer on December 28, 2020 at 8:15 am Industry 4.0 is much beyond Smart Manufacturing. Smart manufacturing or smart factory focuses on optimizing factory performance. It not only looks at maximizing output but looks at all the elements of manufacturing. When all the machines, manufacturing lines, other relevant factory assets, and the material itself are connected, it is possible to predict the performance, balance the loads, and minimize downtime. It can help in quickly manufacturing custom products based on customer preference. Industry 4.0 on the other hand considers the entire ecosystem – R&D, Design, Development, Supply Chain, Manufacturing, Operations, Customers, Service, etc. It helps in capturing customer preference, market intelligence, performance details of the product on the field, analyze the product performance based on the data analytics of the stream of data coming from the field, initiate changes based on the inferences, simulate the changes, and recommend changes in manufacturing automatically. It leverages IoT and is backed by the digital twin of the entire ecosystem and not just the manufacturing plant. Ultimately this will lead to “Mass Customization” which is the key charter of Industry 4.0. 1 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login to add an answer. Username or email* Password* Captcha* Click on image to update the captcha. Remember Me! Forgot Password?