https://www.openpr.com/news/2819395/smart-factory-market-overview-and-regional-outlook-study-2016 To optimise production intelligently, many Industry 4.0 technologies are combined. By increasing the capabilities of both production equipment and personnel, smart factories increase efficiency and output. By concentrating on building an agile, iterative production process through data collecting, smart factories can aid decision-making processes. By consistently raising industrial productivity, smart factories may reduce costs, downtime, and waste. Finding and reducing unnecessary or inefficient production capacities creates room for expansion without the use of actual or intangible resources.