Big Data Analytics is the complex process of investigating large and varied datasets and big data to uncover otherwise hidden information. This could be market trends and customer preferences that can help organizations make informed business decisions, but also be process parameters that are out of control. In addition, it examines large amounts of data to uncover hidden patterns, correlations as well as other insights. For example, process and quality data that can reveal correlation between process parameters and quality and/or performance. With the technology we have today and with our consultants who work with these solutions every day, it is possible to analyze your data and get answers from it almost instantly, which was previously practically impossible with traditional business intelligence solutions.
Industry 4.0 is the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. Industry 4.0 creates what has been called a “smart factory”. Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.