Obviously, this depends on what you need it for. But assuming we want to equip a small-ish factory with attached office with the basics, what is the budget range we should expect?
Smart factory technology allows factory sensors to communicate with each other, with employee mobile devices, and with management's software platform. This enables employees to monitor equipment 24/7 and receive immediate alerts whenever there is a problem. The technology also enables the equipment itself to automatically adjust operations in order to keep the factory running smoothly.