David Morais

The importance of harnessing large volumes data and the value its analysis creates has been the rhetoric behind Industry 4.0 and seen as one of the major drivers towards achieving the benefits associated with it.

Industry 4.0, the fourth Industrial Revolution, is the promise to manufacturing companies of lower costs, higher quality, faster processing with theoretical ‘lots of one.’ It is a marketplace, where smart products and smart equipment can interact autonomously for dynamic optimization on the fly.

Analytics have become a big part of manufacturing operations. For decades, plants have generated and collected data, but modern technologies with advanced analytics, machine learning (ML) and other artificial intelligence (AI) algorithms are taking how we use this data to new levels.