Just finished an incredibly insightful article on how Predictive Analysis is driving new efficiencies in plant production environments. We all know that predictive analytics adoption is accelerating. It is no longer enough to collect, organize, and present historical data that tells us how the organization is performing relative to its goals. While a complete and accurate picture of our products, people, and financial performance is as important as ever, it fails in its ability to tell us what is likely to happen next. Data mining and predictive have offered us the promise of such insight, but was inaccessible to most organizations due to cost and complexity.
Predictive Analytics and the 21st Century Shop Floor