smart manufacturing market
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Smart Manufacturing and Smart Factory Solutions
Industry 4.0 is characterized by capabilities that allow manufacturers to anticipate and reduce errors while simultaneously reacting to evolving market conditions quickly. This kind of smart manufacturing relies on the embedded software and sensors in machines and robotics and automated guided vehicles communicating in near-real time to send data over powerful, 5G wireless networks. Assisted by a 5G network, manufacturers can use smart manufacturing solutions as they work to develop:,Ultimately, successful smart manufacturing solutions are measured by their ability to infuse near real-time data and insights into supply chains and products, so manufacturers can respond to economic, geopolitical and weather fluctuations both local and worldwide. This document explores Verizon's point of view on the network architecture for a modern manufacturing environment. Learn about the significant ROI manufacturers are seeing after shifting to Industry 4.0. Learn how manufacturers are leveraging Industry 4.0 solutions to enhance OEE, drive growth and improve supply‑chain agility. Discover how you can help keep proprietary manufacturing data secure, readily available, and out of the hands of bad actors. Collaborate with technology leaders to discover imaginative ways to help transform your business. Manage secure access to information and applications, and drive near real-time and retrospective threat detection and reporting. Mitigate risk, augment your security personnel and control the costs of incident response. Use the lower latency and faster throughput of cloud-based edge computing and 5G to deploy applications and services that turn real-time data into real-time intelligence. Simplify your networking environments through automated provisioning and increase agility by enabling the segmentation of networks based on business and operational needs. Leverage our portfolio of IoT solutions to help enhance customer loyalty, keep tabs on high-value assets and boost efficiency. Remotely monitor your equipment with an edge gateway device to help reduce the risk of downtime or failure. Securely activate on the Verizon network, troubleshoot, and locate and manage the life cycle of your IoT devices in our feature-rich platform. Network monitoring and cloud security services address core network security, while mobile solutions ensure data security in devices across the manufacturing ecosystem. Extend network and application visibility to devices beyond your factory walls with a fast, fixed wireless internet connection that you can easily self-install at any location where Verizon 4G LTE coverage is available. Integrate security with your IoT services, so wireless connections, applications data and device infrastructure can all be protected with a single solution. From design and implementation to analytics and maintenance, our consultants have the deep industry expertise needed to help you develop strategies that will drive results. Trust us to help you manage the day-to-day tasks that help keep your network secure and agile. Proactively identify vulnerabilities and prioritize threats with our monitoring and management services. Let us manage your contact center solution while you focus on delivering and meeting customer expectations. Leverage network solutions to introduce innovation and drive operational improvements at every corner of the factory floor. Get the visibility and intelligence you need to transform your environment, streamline operations, gather valuable data and reach business goals. Keep your intellectual property, data and industrial control systems protected with robust risk management solutions. Help strengthen the weak links in your supply chain with the speed, reliability and security of Verizon 5G solutions. Call sales,Chat with us,Have us contact you,Already have an account?
Learn moreSmart Manufacturing Technology News and Trends Business
Verizon can help you embrace Industry 4.0 with transformational technologies— so you can differentiate the customer experience and start building the industry's next era. Between a changing market, new regulations, workforce shortages and increasing supply chain demands, manufacturers face a novel set of challenges. Technologies that transform manufacturing end to end, like the Industrial Internet of Things (IIoT) or automation, can help businesses accelerate smart factory initiatives and mitigate those challenges. Businesses that want to implement smart manufacturing solutions face cost burdens that could impact return on investment. But adopting modern tools can help unlock connected, reliable and predictive processes that empower operational efficiencies at scale and provide positive ROI. With the right combination of strategy and solutions, manufacturers can scale smart manufacturing use cases from isolated, in-house technology projects to full production lines or factories. Today's organizations need a holistic view of operations—and complete, accurate information. As supply chain challenges like rising demand, increasing costs for materials and freight, and carbon emissions mandates continue to unfold, manufacturers need digital tools to equip them with insights that lead to informed decision making. Central to a manufacturer's growth and success is the digital core that powers its factory floors. Businesses must transition to next-generation technology that digitally connects each part of the factory floor so they can improve flexibility, visibility and productivity while limiting unplanned downtime or costly warehouse inefficiencies. The manufacturing industry is pivoting to outpace rising numbers of cybersecurity threats. An expanding attack surface stemming from connected operational technology, informational technology and external networks means businesses need comprehensive digital protections that help safeguard inventory, facilities, property and data. New research estimates that the manufacturing skills gap could result in 2.1 million unfilled jobs by 2030,* hampering manufacturers' productivity. But preparing for the future of work by adopting transformative technologies could help businesses close the gaps and stay productive and innovative, despite shrinking workforces. See how other manufacturers use innovative Verizon technologies to accelerate smart manufacturing initiatives and transform the factory floor. Of manufacturing executives surveyed expect further increases in operational efficiency from investments in the Industrial Internet of Things (IIoT)Of surveyed organizations plan to enhance data integration for supply-and-demand visibility and planningOf manufacturing enterprises realize above-average business value from IT spending in digitizationIncrease in ransomware—a rise as big as the last five years combined Yesterday's cybersecurity tools often can't keep up with modern cyber threats. But new, evolving solutions use technology like robots, AI, IoT and the cloud to give manufacturers a connected cybersecurity suite that helps protect their end-to-end operations. Some manufacturers have found that a hybrid work model nurtures collaboration, improves business flexibility and empowers resiliency amid disruptions. With an agile workforce, manufacturers can react and pivot to workplace disruptions, mitigate challenges like staff shortages and keep production high no matter what. See how Verizon can help. As manufacturers begin to take advantage of more advanced technologies, they'll require the reliable low-latency, high-bandwidth connectivity that Verizon 5G Ultra Wideband helps provide. Businesses get the connectivity they need to bring together production, inventory management, supply chain and warehouse logistics. AI (artificial intelligence) and machine learning (ML) enable modern manufacturing processes. Not only do advanced technologies make digital twins and predictive maintenance possible, but they also help establish a highly automated, remotely managed and low-touch operations model, which can save time and enhance warehouse safety. Verizon Managed Network Services can help manufacturers determine the right cybersecurity and network resources to power and protect warehouses and supply chains. By outsourcing network management to Verizon, manufacturers' IT teams can spend less time optimizing networks and more time focused on progressing strategic business initiatives. Multi-access edge computing (MEC) stores and processes data at a network's edge, so business technology operates in near real time. The platform puts cloud computing capabilities at the edge of Verizon's 5G network, giving manufacturers an enhanced, low-latency infrastructure that supports even the most complex deployments. Choose your country to view contact details. Manage your account or get tools and information. These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. We use both third party and first party cookies for this purpose. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. These cookies may be set through our site by Verizon and third parties. 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Learn moreHow to Keep Your Smart Factory Secure Business
How to keep your smart factory secure,Author: Phil Muncaster,The manufacturing sector is one of the driving forces behind the economy, . And it's embracing emerging technologies like 5G, the Internet of Things (IoT) and edge computing to drive productivity and efficiency—the market for this by 2027, a compound annual growth rate of 18.5% from 2022, according to MarketsandMarkets. Yet as with any new technology investment, cyber threat exposure must be considered. Capgemini Research Institute found that 79% of global organizations than in a traditional manufacturing setting. Unfortunately, understanding there's a problem and doing something about it are often two different things. Capgemini highlighted persistent challenges in the sector with early threat detection, security budgets and engagement with chief security officers (CSOs). To ensure your organization maximizes the opportunities smart technologies present, security considerations should be considered at the start of every implementation. The smart factory cyber threat environment,Few factories feature only next-gen technologies. Instead, the majority incorporate a blend of old and new, including potentially decades-old industrial control systems, supervisory control and data acquisition equipment, and other operational technology (OT). These legacy technologies are an attractive target for threat actors. Employees can also pose a security risk. OT vulnerabilities,The , accounting for 26% of attempted compromises largely due to its use of OT, according to Forescout. As legacy equipment is fitted with connectivity and integrated into IT systems, it subsequently , unless air-gapped from the public-facing internet. About 59% of to better secure themselves from cyber attacks. The challenge here is that many such products can be insecure by design because they lack the necessary security controls to help reduce the risk of cyber breaches. For example, one study from Forescout found , including some of the most popular producers of OT. These ranged from remote code execution to insecure firmware updates, weak cryptography and insecure engineering protocols. Vendors can be slow to update their software, and once available, factory owners may find it difficult to take critical systems offline to test patches. IoT device issues,More modern endpoints may also lack firmware updates and feature easy-to-guess or crack password-based authentication. If not properly isolated or protected, IoT devices can be used to gain a foothold in corporate networks. Asset visibility,Factory owners may also struggle to name all the OT endpoints in their environment because they can't afford the downtime needed to run full system scans. As the saying goes: You can't protect what you can't see. That may partly explain why vulnerability exploitation was the top infection vector at . User error,that cyber attackers use. This is unsurprising: Users remain a top target for attackers and as long as static credentials for IT and OT systems remain in circulation, malicious actors will be motivated to steal them through social engineering. Supply chains,Manufacturing organizations are a critical element of global supply chains, but they also have their own complex ecosystem of suppliers. Unfortunately, these can unwittingly increase manufacturing cyber security risk. Over half (51%) of global CSOs believe smart factory security threats primarily originate from partners and vendors. In particular, they may be using non-standard smart factory processes to repair or update OT and Industrial Internet of Things (IIoT) systems—something 77% of CSOs are concerned about. The main smart factory security threats,Unsurprisingly, threat actors are taking advantage of these security blind spots to steal data, monetize extortion and disrupt manufacturing operations. The Verizon 2022 DBIR ranks the analyzed. Most (88%) and were motivated by financial gain (88%) or espionage (11%). Basic web application attacks and system intrusions, as well as complex attacks using malware and/or hacking, are on the rise and occur frequently in this sector, the report found. Along with social engineering, they comprise 88% of breaches in manufacturing. The study found the top action types in manufacturing breaches are:,This aligns broadly with the threat actor motivations of data theft and extortion. It also aligns with common security deficiencies like poor user awareness, vulnerable technology and visibility gaps. The potential impact of smart factory attacks,A cyber attack on your organization can cause , such as:,How better smart factory security can mitigate risk,Capgemini explains that its work with manufacturing firms has highlighted the difference between those with a mature cyber security posture and the rest. The leaders in this regard focus on several fronts to deliver awareness, preparedness and implementation of security controls. This might involve:,In terms of specific security controls, manufacturers could consider:,Discover how Verizon can help . Capgemini Research Institute, , page 2. Forescout, , page 3. Forescout, , page 3. Capgemini Research Institute, page 29. Capgemini Research Institute, page 4. If you'd like to receive new articles, solutions briefs, whitepapers and more—just let us know. . * Indicates a required field. We will follow up from your contact request using the information provided. Choose your country to view contact details. Manage your account or get tools and information. These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. We use both third party and first party cookies for this purpose. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. These cookies may be set through our site by Verizon and third parties. They are used to present Verizon advertising on third party sites that you may visit. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising from Verizon. BackClear Filters,All Consent Allowed
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Press related to "smart manufacturing market"
Verizon Business launches IoT Managed Services so customers can focus on growth
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Verizon Business takes Internet of Things Connectivity Global
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Verizon Business ThingSpace IoT Marketplace, a new simple way to manage the IoT journey
Verizon Business today announced the launch of ThingSpace IoT Marketplace
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