A Smart Factory is a highly digitised production facility that relies on smart manufacturing: fully-integrated, collaborative manufacturing systems to respond in real time for the changing demands and conditions, and the ability to solve existing and future problems. The Smart Plant aims to take advantage of advanced information and manufacturing technologies to enable flexibility in physical processes to address a dynamic and global market. (Refer to the Internet of Things (IoT); Fourth Industrial Revolution (or Industry 4.0))
Related Definitions in the Project: The Plant and Process Unit