Infineon Technologies AG has acquired the Berlin-based startup Industrial Analytics IA GmbH. Thus, Infineon is strengthening its software and services business in artificial intelligence for predictive analysis. Infineon is acquiring 100 percent of the company's shares. Both parties have agreed not to disclose the amount of the transaction. Peter Wawer, President of Infineon's Industrial Power Control division, said Industrial Analytics has outstanding expertise in predictive analysis for industrial machinery and equipment using artificial intelligence.

Dr. Francois Laborie is President of Cognite, supporting the full-scale digital transformation of asset-heavy industries in North America. Artificial intelligence has changed our lives as consumers. Why hasn't it changed our industries? AI in industry requires more than just big data to work, and the solution lies in the world of physics. If a predictive algorithm fails in the consumer industry, it's not the end of the world. Maybe an ad doesn't get clicked or a TV show doesn't get watched.

With advances in Artificial Intelligence and Machine Learning, traditional SCADA and manual statistical modelling are likely to be replaced. Advanced Statistical Modelling based on offline data is resource intensive and ultimately cannot provide real-time analytics that are actionable. As Automated Machine Learning gains traction, we expect more industrial plants to rely on this solution for Predictive Maintenance.

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.