A major reason why small and medium-sized manufacturing enterprises struggle to transition to smart factories is that many smart factory solutions are prohibitively expensive. To overcome this challenge, multiple approaches should be taken. First, strengthen the enterprise's own information infrastructure to lay the foundation for future transformation. Second, seek cost-effective smart factory solutions to complete the transformation with minimal investment.

Click to view: What are the "three obstacles" for small and medium-sized manufacturing enterprises in transitioning to smart factories?