// ROBOTICS AND SMART FACTORIES TERM
Industrial Analytics
The use of data analysis techniques to extract insights from industrial data, helping to optimize operations, predict failures, and improve decision-making in manufacturing. It focuses on operational data from machines and processes.
TECHNICAL DEFINITION
Industrial analytics involves the systematic collection, processing, and analysis of vast datasets generated by industrial assets (e.g., sensors, machines, control systems) to derive actionable insights for predictive maintenance, process optimization, quality improvement, and operational efficiency in manufacturing and other industrial contexts.
BACKGROUND
The Fourth Industrial Revolution, also known as 4IR, Industry 4.0 or the Intelligence Age, is a neologism describing rapid technological advancement in the 21st century. It follows the Third Industrial Revolution. The term was popularized in 2016 by Klaus Schwab, the World Economic Forum founder and former executive chairman, who asserts that these developments represent a significant shift in industrial capitalism.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Manufacturing analytics
- Operational analytics
- Production analytics
USAGE NOTE
Industrial analytics provides the foundation for data-driven improvements in areas like energy consumption, throughput, and overall equipment effectiveness.
DEVELOPERS
Organizations developing technology related to Industrial Analytics.
Develops the MindSphere industrial IoT platform, offering advanced analytics and AI capabilities for manufacturing operations, asset performance, and energy management.
Provides FactoryTalk Analytics software and solutions, enabling manufacturers to gather, contextualize, and analyze data from industrial operations to improve productivity and efficiency.
Offers a suite of software for industrial operations, including the Predix platform, focused on asset performance management, operations optimization, and industrial analytics to drive efficiency and reliability.
Known for its ThingWorx Industrial IoT platform, which provides robust capabilities for connecting, analyzing, and acting on industrial data, enabling real-time operational intelligence and predictive maintenance.
Delivers enterprise software solutions, including SAP S/4HANA Manufacturing and SAP Analytics Cloud, with integrated industrial analytics for optimizing production, supply chains, and operational performance.
Offers advanced software and services for industrial process control and optimization, incorporating analytics for predictive maintenance, operational intelligence, and performance improvement in sectors like oil & gas, chemicals, and pulp & paper.
Provides powerful analytics software that helps manufacturing companies optimize production, manage quality, predict failures, and improve supply chain efficiency through data-driven insights.
Through its DELMIA brand, offers manufacturing operations management (MOM) solutions that include advanced analytics for monitoring, controlling, and optimizing production processes and performance.