The platform achieves a smart factory by applying the different types of technology to each process of product planning, manufacturing and logistics. For example, its functions such as design automation, market analysis based on big data and AI, and virtual simulation can shorten the time demanded for product planning by less than six months. Facility data collection in traditional manufacturing processes takes at least one day, however, its industrial IoT technology collects real-time data and responds immediately when an abnormal situation happens.
DAP AI platform of LG CNS can maximize to improve the production efficiency and quality control accuracy. In logistics processes, RFID and real-time tracking technologies based on the IoT can monitor and manage every step more efficiently. It can also deal with risks like delivery omission and delay in an appropriate way. Besides, a platform based on intelligent automation can keep a best inventory level and achieve a higher level of logistics efficiency therefore realize a more accurate inventory management.
LG CNS said: “FACTOVA is a comprehensive manufacturing IOT platform in which LG Group subsidiaries’ 20 years of manufacturing know-hows are integrated. Client-specific manufacturing environments can be created from over 40 successful cases of smart factory operation by the subsidiaries such as LG Electronics, LG Innotek, LG Display, and LG Chem.”