THINGWORX ANALYTICS Name Title KEY TAKEAWAYS IoT Analytics - - PowerPoint PPT Presentation

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THINGWORX ANALYTICS Name Title KEY TAKEAWAYS IoT Analytics - - PowerPoint PPT Presentation

Nov 01, 2022 475 likes •642 views

INTRODUCTION TO THINGWORX ANALYTICS Name Title KEY TAKEAWAYS IoT Analytics Analytics is a journey that relies on a spectrum of capabilities Start your journey now, with the data you have, and gain more value over time 2

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INTRODUCTION TO THINGWORX ANALYTICS

Name

Title

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KEY TAKEAWAYS

  • IoT  Analytics
  • Analytics is a journey that relies on a spectrum
  • f capabilities
  • Start your journey now, with the data you

have, and gain more value over time

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DATA LOGIC INSIGHT The Analytics Paradigm

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UTILIZING IOT DATA ANALYTICS FOR BUSINESS INTELLIGENCE

McKinsey “Unlocking the potential of the Internet of Things” Gartner “Top 10 Strategic Technology Trends for 2018”

  • Harnessing IoT data analytics is not a one-time exercise
  • It’s a continuous process
  • Not everything is going to work
  • Optimizing what you do today is not enough either
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Descriptive Diagnostic Predictive Prescriptive

ANALYTICS MATURITY MODEL

What happened? Why did it happen? What will happen? What should I do?

Advanced Analytics

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WHAT QUESTIONS ARE YOU ASKING OF YOUR IIOT DATA? ?

Limited view Full view

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4 TYPES OF ANALYTICS CAPABILITIES

Require different levels of human input to take action

Decision

Data

Descriptive What happened?

Action

Diagnostic Why did it happen? Predictive What will happen? Prescriptive What should I do? Decision Support Decision Automation

Feedback

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INDUSTRIAL INNOVATION PLATFORM CAPABILITIES

Model Digitize via scan, photo, or video

SOURCE CONTEXTUALIZE SYNTHESIZE ORCHESTRATE ENGAGE

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PREDICTIVE ANALYTICS

  • Applies machine learning to historical data to make predictions about future outcomes
  • Example Use Cases

– Predict failures – Predict quality – Determine when service is needed – Predict sales, risk of churn

Data Logic Insight Thing Model Predictive Model Future Intelligence Feedback

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COMPLETE INDUSTRIAL INNOVATION PLATFORM CAPABILITIES

SOURCE SYNTHESIZE CONTEXTUALIZE ENGAGE ORCHESTRATE ▪ Easily create models with automated machine learning ▪ Diagnostic, predictive, and prescriptive outputs ▪ Intuitive interface for data interaction and pattern detection ▪ Operationalize models ▪ Use ThingModel data for scoring and analytics outputs across all of your ThingWorx applications ▪ Perform simulation-driven analysis Platform Analytics Analytics Integrations

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AUTOMATED MACHINE LEARNING WITH THINGWORX ANALYTICS

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  • User interface for simple, intuitive interaction with

data

  • Exposes complex relationships in data as simple-

to-understand information

  • Simplifies the advanced analytics process, helping

interpret information faster and save valuable time

SIMPLE, INTUITIVE MODEL CREATION

Analytics Builder

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  • Define and trigger analysis events
  • Map incoming data to model, created with

ThingWorx or externally

  • Map analytic outputs to applications

ENABLE DEPLOYMENT AND EXECUTION OF MODELS

Analytics Manager

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KEY POINTS

  • IoT  Analytics
  • Analytics is a journey that relies on a spectrum
  • f capabilities
  • Start your journey now, with the data you

have, and gain more value over time

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USE CASES

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