Smart factory or Industry 4.0 is a unique transformation process being experienced across the world and in different industrial units. The selected industries across the world are mainly going through the transformation process.
Indeed, industrial manufacturing units or Automation industries are the primary areas that need such transformation across the world.
Every transformation of industries needs some strategic analysis before going through the complete process. The financial or the budget analysis, depending on the present scenario of each company, strategies can be used for each company to transform smart factories across the world.
Even before you go for implementation of the smart factory strategies. You need to address the challenges in the introduction of the strategies for smart factories.
In my opinion, the lacking of imagination plays a crucial role. When the strategic plan cannot be visualized onboard, it fails to materialize in the real world. Another important factor of lacking efforts or motives between the organization or the management team members. The difference in opinions leads to great obstacles in the future ahead.
Even lack of investment is a major issue for every company to go through any sudden transformation. The need to identify challenges and hereafter prioritizing the opportunities.
It is no doubt, a transformation process for any factory layout, be it a small or big company, calls for a huge investment. A good amount of strategic planning and a skill full management team. How far are they? Only with time, it can be seen. As the term is also very new, it will be hard to recognize the right skill full team members also.
Source:- Statista