IIOT and advanced robots are generating more data than ever before. However factories’ analytics capabilities have not caught up to this. According to Fero Labs manufacturing companies discard 98% of all the data they can collect because they do not have the analytics capabilities to integrate that data in their operations.
Predictive maintenance and industry 4.0 companies step in to fill that gap. They allow companies to store and analyze critical outputs of their machinery. One of the key things to do with that data is to improve maintenance and input parameters of their machinery.