Abstract
Smart Manufacturing is accelerating globally, and smart systems and technologies are critical for cost-effective manufacturing in today's Industry 4.0 generation. Smart systems and connected technologies help organizations to virtually monitor the efficiency of their manufacturing enterprise and to safely test innovative technologies in order to make better profits and performance. In the near future, smart Systems and Technologies will be the key drivers in laying the foundation and to accelerate this transformation of highly optimized and smart manufacturing, in the near future. This research article identifies potential barriers to Industry 4.0 adoption for electronics and machine manufacturers and analyses how manufacturing processes must be adjusted to implement Industry 4.0, successfully. The objective of this chapter is to contribute to the successful implementation of Industry 4.0 in manufacturing processes leading to technological advancements. Keeping in mind the needs of Industry 4.0 and with a vision for the smart factories of future, this chapter is designed to provide researchers a comprehensive review of the available systems, models and technology driver's of Smart manufacturing with industry examples and case studies in context to Industry 4.0.
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