I can somewhat understand why these torque wrenches are smart. The screenshot of the software interface showed a flow diagram of the tightening process and it l

I can somewhat understand why these torque wrenches are smart. The screenshot of the software interface showed a flow diagram of the tightening process and it looks like you very precisely describe how the fastener is to be tightened. A normal torque wrench doesn't do that, it's just torque limited and it's up to the user to make sure it's set properly and that the fastener is installed properly. Many torque wrenches can still apply more torque if you keep pulling them. If you require a fastener to be installed exactly the same way every time and to the exact same torque, a smart torque wrench might be required. However, I feel like the wireless feature is not necessary. These wrenches could easily just be plugged into a computer instead that could modify the settings or update the calibration due date or firmware. Tool condition could be displayed on the device and any sort of condition limits could be set to disallow use of the wrench until it's been serviced.