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…
Businesses are quickly joining the big data revolution. The outcome is a collection of massive efforts to collect and condition enterprise data that represents the last month, the previous quarter, or past years. Then, they crunch…
Traditional forecasting, using historical observations estimate future business metrics such as inventory requirements, asset performance, budgets and revenue. Compared to predictive analytics, this practice fails to deliver the precision and agility required of leading enterprises and…
The compelling nature of today’s highly-polished BI and advanced visualizations inflates the credibility of conclusions that appear to be supported by big data analyses. After all, if we can manage to collect and properly condition volumes…
Fatal flaw of predictive IIoT analytics Most predictive analytics suffer from a fatal flaw: they are confined to historical views. Analysts try everything from machine learning (ML) to traditional forecasting to flashy BI dashboards and visualizations…
In today’s competitive industrial world, predictive maintenance (PdM) is no longer a nice-to-have; it has become a necessity. Traditional PdM methods have several limitations. However advancements in wireless, cloud and AI technology are disrupting the way…
One certainty is that manufacturing processes continue to get better at producing data-primarily due to rapid cost reductions and improvements in data collection, communication, and storage technologies. The challenge, however, is that the ability to exploit…
Artificial intelligence (AI) has certainly become a popular buzzword. But it’s more than that–it’s a critical new technology that too many companies have heard about yet aren’t certain how to use. Today, and every day for…
Machine Learning (ML) isn’t so mystical after all. Machine Learning is a new term that re-packages well-established statistical techniques that have been around for decades. Machine Learning reacts to new information by learning. The “learning” happens…