Data processing and the analytics platform

Analytics are the active component of the IIoT flow able to generate value. In the IIoT, analytics are classified as descriptive, diagnostic, predictive, or prescriptive. Let’s learn more about each of these:

• Descriptive analytics analyze live data to provide a comprehensive snapshot of the current status.
• Diagnostic analytics provide information about an event due to an anomaly.
• Predictive analytics add the word when to diagnostic analytics and try to predict future events. Predictive analytics not only provide information about the event that is going to happen but also when it will happen, the risk of impact, and the probability that it will occur.
• Prescriptive analytics provide insights about the action that should be taken.

There is some overlap between these classes. They are summarized in the following table:

Descriptive use...