Efficiency, the holy grail of the industrial sector

FuturENERGY February 2020

Industry 4.0, the Industrial Internet of Things (IIoT), Smart Factory… are the talk of the town in recent times. Whichever term we use, we are ultimately referring to how smart technology is impacting on the industrial sector with connected devices, sensors and analytical tools that converge to provide an unprecedented level of control and supervision. The National Institute of Standards and Technology (NIST) defines the Smart Factory as any plant that features fully integrated and collaborative production systems, in other words, convergent and connected systems, which provide a real time response to the aim of meeting both the changing demands of the plant and the supply chain, as well as the needs of customers. Put another way, we are talking about production benefiting from the multiplier effect provided by operational technologies (OT) and information technologies (IT) working together and which translates into efficiency improvements at every level…By Óscar Garrido, OEMs & BIC Business Development Manager, Schneider Electric