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There is no shortage of data in SMT and electronics plants and their supply chains. The issue which plagues most fabs is the way in which a myriad of point solutions exist on the shop floor, existing in the process either due to due to legacy or custom solutions, or simply because there is not solution which overarches the entire process.
Industry 4.0, the fourth Industrial Revolution, is the promise to manufacturing companies of lower costs, higher quality, faster processing with theoretical ‘lots of one.’ It is a marketplace, where smart products and smart equipment can interact autonomously for dynamic optimization on the fly.
Analytics have become a big part of manufacturing operations. For decades, plants have generated and collected data, but modern technologies with advanced analytics, machine learning (ML) and other artificial intelligence (AI) algorithms are taking how we use this data to new levels.