The Power of Pattern Learning for Industrial Operations

The next industrial revolution is here. Whether you call it Industry 4.0 or Industrial IoT or Digital Transformation, the increased access to machine and operational data, proliferation of two-way communication, speed of data flow, combined with the lower cost of computing, connectivity and storage has created the perfect environment to transform industrial operations. The time series data generated by these operations, if harnessed, can provide actionable insights to reduce downtime as well as improve throughput, operator safety and product quality. McKinsey & Company predicts that the next 20 percent productivity rise in operations will come from digital analytics, and machine learning-enabled pattern recognition is playing a significant role in enhancing production operations. Time series data generated in discrete and process manufacturing operations is very rich in information that can provide insights on the current and future health of the production equipment and lines.