Industrial data science focuses on the entire value chain: When all sources of data are intelligently networked, they contribute to corporate success. This is the baseline of what we can achieve—but what comes after this can put you on the road to perfection.
From production planning, logistics and supply chain management to machine maintenance, the manufacturing industry is on its way to a fully digitized future. Data analysis is the basic requirement for this transformation and the technical foundation is a comprehensive, Industrial Internet of Things (IoT)—the networking of machines and plants. The expected value created from this process is estimated to be in the hundreds of billions.