Many manufacturers are benefiting from predictive analytics today. For years manufacturers have been collecting data from their manufacturing processes. As the internet of things (IoT) has evolved, manufacturers have even more data at their disposal. They are collecting data from the supply chain. They are collecting data from production processes. They are collecting data as the goods they produce begin their useful lives in the hands of customers. The analyses of this data provide significant benefits to manufacturing organizations. More than nine in 10 (94%) participants in our Next-Generation Predictive Analytics benchmark research reported that predictive analytics can have a significant positive or transformational impact on their organizations.
Three Ways Predictive Analytics Add Value to Manufacturers
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About the Author
SVP and Research Director
David Menninger is responsible for the overall direction of research on data and analytics technologies at Ventana Research. He covers major areas including artificial learning and machine learning, big data, business intelligence, collaboration, data science and information management along with the additional specific research categories including blockchain, data governance, data lakes, data preparation, embedded analytics, natural language processing (NLP) and IoT.