The document discusses the concept of smart factories, which are an integral part of Industry 4.0, utilizing automation and data exchange technologies. The market for smart factories is projected to grow significantly, highlighting the employment shift with a focus on digital skills training and opportunities for highly skilled workers. An example of this transformation is John Deere's transition to smart manufacturing, aided by IBM's Watson AI platform for enhanced customization and flexibility.

1. What is a Smart
Factory
PAUL YOUNG CPA, CGA
MAY 17, 2017

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. What is a Smart Factory?
Source – Wikipedia
Industry 4.0 is the current trend of automation and data
exchange in manufacturing technologies. It includes
cyber-physical systems, the Internet of things and
cloud computing. Industry 4.0 creates what has been
called a "smart factory"

4. Dawn of the Smart Factory

5. Smart Factory - Architecture

6. Market Size / Smart Factory
Source - http://www.bizjournals.com/prnewswire/press_releases/2017/04/18/MN64580
The smart factory market is forecast to reach $205.42
billion by 2022 from $120.98 billion in 2016 at a CAGR of
9.3% during (2017-2022) driven by the increase in
adoption of industrial robots, the evolution of Internet of
Things (IoT), growth in demand for smart automation
solutions and increase in emphasis on regulatory
compliances.

7. Smart Factory / Employment
Source - http://www.information-age.com/smart-factories-add-500bn-global-economy-next-5-years-123466253/
The shift to smart factories will transform the global labor market, and
while previous waves of automation have reduced low-skill jobs,
organisations have recognised the skills imperative and are now acting on
it.
Respondents see automation as a means to remove inefficiencies and
overheads, rather than jobs, so more than half (54%) of respondents are
providing digital skills training to their employees and 44% are investing in
digital talent acquisition to bridge the skill gap. For highly skilled workers
in areas such as automation, analytics and cyber security, there are even
more employment opportunities.

8. John Deere
• IBM and John Deere - https://www.ibm.com/blogs/bluemix/ or https://www.ibm.com/blogs/bluemix/2017/04/iot-industrie-40-reference-architecture/or https://worldindustrialreporter.com/john-deere-ibm-pilot-create-futuristic-model-manufacturing/
The machinery manufacturer prides itself on providing one of the most
customizable agricultural equipment in the industry. The pilot project will
see John Deere transitioning the production workflows to smart
manufacturing. Watson AI platform will provide workers with precise
instructions while the logistics processes will control themselves.
Increased customization is a major challenge for manufacturing
systems and requires a high amount of flexibility. Adoption of digital
factory concept is an important step for John Deere to achieve this.