Spotlight on the Industrial IoT Analytics Framework
INTRODUCTION
The Industrial Internet Consortium ( IIC ) recently published the Industrial IoT Analytics Framework ( IIAF ). The release of this IIC technical report marks a milestone in addressing the concerns surrounding industrial analytics and its importance in the Industrial Internet of Things ( IIoT ) applications and services . Industrial analytics is a key means of achieving the objectives of IIoT applications . Industrial analytics may be broadly defined as a discipline transforming data into information and the creation of business value and insights in the context of industrial operations . Without creating value or insights , there is little purpose in collecting data .
THE IMPORTANCE OF INDUSTRIAL ANALYTICS
Business leaders have increasingly recognized the importance of industrial
analytics . A recent survey ( see Figure 1 ) carried out by IoT Analytics GmbH 1 found that 69 % of the surveyed business leaders or industry analysts consider industrial analytics crucial for their businesses within 5 years and want to apply analytics to strengthen their businesses . The same survey found that analytics on physical objects and machines rank high in importance . Predictive and prescriptive maintenance of machines ( at 79 % of surveyed considering it extreme or very important ) ranks at the top , slightly surpassing consumer and market related analytics ( at 77 %).
Industrial analytics enables a better understanding of an industrial system ’ s operational states , performance and environment . It identifies and analyzes emerging information patterns to enable industrial system assessments under varied conditions . There has been a great deal of development on analytics in other domains ,
Figure 1 : Importance of industrial analytics considered by business leaders and industry analysts
1
Knud Lasse Lueth , Christina Patsioura , Zana Diaz Williams and Zahra Zahedi Kermani , “ INDUSTRIAL ANALYTICS 2016 / 2017 ”, IoT Analytics GmbH , December , 2016
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