Advanced Analytics (www.industrial-production.de)
The limits of advanced analytics
Advanced analytics applications can reveal hidden patterns and correlations in past data and project these onto future events. This makes business planning much easier and faster. However, the technology also has its limits: Its potential can only be exploited if certain conditions are met.
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More benefit argumentation, please
Anyone following the debates surrounding Industry 4.0 and the Internet of Things might get the impression that the success of these initiatives is purely dependent on the technology used. This is a dangerous fallacy that obscures the essentials: the benefits.
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