Predictive Analytics Tag

The industrial Internet of Things (IIoT) helps bind machines, sensors, and systems together. They form a network of intelligent devices working together to generate and share data. This approach to managing devices has revolutionized how industries manage, monitor, and maintain

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 reliable, sustainable, and efficient

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 and machine learning models,

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 make better, faster decisions,

A large manufacturer with assembly and sub-assemblies mass produces automotive parts and components. A plant of this magnitude requires equipment, such as motors, pumps, compressors, fans, vibratory feeders, and other machines. The manufacturer had incurred significant financial losses, experiencing bottlenecks

Digital manufacturing is forecasted to bring out massive changes to the industrial world. Today, regardless of the maturity level of digitization projects in each company, the main motivation is staying competitive, boosting revenues, and enhancing profits, while reducing costs and

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 2018 we see an

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 economy, all business is becoming data

We live in an era where smart things from being a luxury have now turned into a necessity for everyone. Products with smart access and wireless connectivity are more common than they were five years ago. According to a report,