Industrial Analytics Based On Internet Of Things Will Revolutionize Manufacturing

Industrial Analytics (IA) describes the collection, analysis and usage of data generated in industrial operations and throughout the entire product lifecycle, applicable to any company that is manufacturing and selling physical products. It involves traditional methods of data capture and statistical modeling. However, most of its future value will be enabled by advancements in connectivity (IoT) and improved methods for analyzing and interpreting data (Machine Learning). A fascinating report on how Industrial Analytics is maturing based on advances in the areas of IoT, machine learning, and big data analytics was published this week. This study was initiated and governed by the Digital Analytics Association e.V. Germany (DAAG), which runs a professional working group on the topic of Industrial Analytics.