Challenges an important role; product ordering times, delivery

Challenges
in practice

The biggest challenge
in implementations of smart factory is making things work in harmonious
fashion. Data collection is probably one of the biggest problems when it comes
to transformation. For example in
production line, old machines work along with new machines, so data generation
from older machines is very little. So new type of common interface should be
developed and it should sync data together; the amount of time invested in
syncing both data is huge and this data must be transformed into something
useful. And not only this but the data storage is also a huge problem, a single
laser machines generated 1TB of data every single second, imagine the data
generation for a single day, how shall it be stored, should company invest more
resource in buying new storage devices or should it discard unwanted data . For
say should it keep necessary data and delete the rest/repetitive data. It
depends on the company.

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Since IoT plays an
important role; product ordering times, delivery times are shortened which is
good news but there are some customers who wants more customization , to
satisfy them it takes  a little bit more
effort. When it comes to employees not everyone takes changes with bright
smile.

German Investors will
always play it safe, unlike US when it comes to investing in new technologies.
The potential for innovation is high but only thing which delays from moving
further are investment. There is a fear from manufactures is that when will
Return on Investment (ROI) be and how much time should i invest in it. The fear
also comes from stakeholders/partners who are not always willing to support you
when it comes to transition. For example if a factory has 4 stakeholders then
the discussion becomes ugly if there is a tie break. So various things need to
be discussed beforehand. 

Another common problem
is that workers need adequate training. Should company give training to most of
the workers or only for dedicated workers? Also there are few workers in third
world countries where companies provide training to their employee who quits
job after getting training and joins a new company who gives more salary than
previous one.

Once there is a change
in mentality and investors take risks which will create a ripple effect on
investors who then starts investing. Thus create a block chain of smart
factories

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