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Articles tagged as Predictive Analytics

Time Series Data as the Backbone of Smart Grid IIoT Solutions

The smart grid transformed modern energy management by integrating digital technology into traditional power grids. It enhances real-time monitoring, control, and optimizes energy distribution and consumption. This change is crucial for meeting the growing need for…

Enhancing Industrial IoT with Predictive Analytics

Predictive analytics are revolutionizing how Industrial IoT (IIoT) businesses manage and maintain their equipment. Predictive maintenance, a key application of predictive analytics, is pivotal in preempting failures and enhancing operational efficiency. By leveraging advanced data pipelines…

Manufacturing Analytics: What it is and top use cases

With the arrival of Industry 4.0 and the Industrial Internet of Things (IIoT), a digital transformation is currently underway. The manufacturing industry is beginning to use industrial analytics driven by real-time production data, not only to…

Critical Upgrade for Industry 4.0: Analytics That Matter

For the last fourteen years, LNS Research and its predecessors pub­lished bi-annual research in partnership with MESA Manufacturing on the use of data in manufacturing. Until 2018, the research was ti­tled, “Metrics That Matter.” Starting with…

Machine Learning: The Next Step in Advanced Analytics

Machine learning enables organizations to harvest a higher volume of insights from both structured and unstructured data than they could otherwise accomplish with traditional business intelligence solutions. 1. A New Dimension in Predictive Analytics In today’s…

New business opportunities using IIoT and analytics

New business opportunities for IIoT Today, manufacturers around the world are seeking new ways to meet market needs, improve products, optimize operations, increase revenues, and reduce costs and risk. Automation, digitalization, and the adoption of IIoT…

How IoT Supported Maintenance Improves Product Quality

The number of possible applications of IIoT grows every day, and this trend isn’t likely to change anytime soon. The latest numbers estimate that the combined IoT markets will reach a staggering $520B by 2021. An…