Industry 4.0 is a name given to the idea of smart factories where machines are augmented with web connectivity and connected to a system that can visualise the entire production chain and make decisions on its own.
There are multiple indexes, reports and rankings created and published that are measuring the competitiveness of a specific geographic unit from different angles.
Condition monitoring (or, colloquially, CM) is the process of monitoring a parameter of condition in machinery (vibration, temperature etc.), in order to identify a significant change which is indicative of a developing fault. It is a major component of predictive maintenance. The use of condition monitoring allows maintenance to be scheduled, or other actions to be taken to prevent consequential damages and avoid its consequences.
The eLTE industrial wireless solution is a wide-ranging Internet of Things solution for factories. eLTE can provide not only broadband access for video, data, and the mobile office, but also high-performance industrial-grade reliable narrowband IoT for massive numbers of devices.
Most of the smart factory discussion has centred around discrete manufacturing, but modern smart sensing technologies can also be applied to improve many aspects of the food and beverage industry, particularly for food safety and track and trace, improved packaging and new product opportunities.