Glossary

Overall Equipment Effectiveness – key performance indicator for measuring overall equipment efficiency from availability, performance and quality.

Message Queuing Telemetry Transport – lightweight communication protocol for data exchange between IoT devices and machines.

Manufacturing Execution System – software for real-time control and monitoring of entire production.

Machine Learning – algorithms for autonomous pattern recognition in production data for automatic process optimization without manual programming.

Digital connection of production machines with IT systems for data collection and automatic control.

Manufacturing of individual single pieces without series production to fulfill specific customer requirements.

Human-centered production with collaboration between humans and intelligent machines for sustainable manufacturing.

Fourth industrial revolution through digitalization and intelligent networking of production facilities.

IIoT is the internet-based networking of industrial machines, systems, and devices for data collection and process optimization.

Enterprise Resource Planning – software for integrated management of all business processes and resources.