From a technical perspective, Smart Production is formed by advancements in several areas. Here follows some of the most important.
The term Industrial Internet of Things (IoT) denote communication capabilities of production units. Specifically, the ability of networked communication among different parts of production and design facilities. According to e Gartner, the number of networked devices will grow from 6,4 BN in 2016 to 20 BN in 2020.
This development til transform very large domains in both private and public sectors within the foreseeable future. Consumer products aside (in particular driven by mobile devices like smart phones) we already see significant changes in health care, in other parts of public administration, and not least in agriculture and production. Projections are that as soon as 2019, corporate or enterprise IoT (E-IoT) will span 40% of the collected IoT. The rest is distributed between private consumers and public affairs.
It is difficult to underestimate the consequences for production companies.