IIC Journal of Innovation 6th Edition - Page 38

Spotlight on the Industrial IoT Analytics Framework media, finance and retail to name a few, but less has been done in determining the special requirements of the industrial domain. Historically, the majority of industrial applications have been narrowly defined around a singular purpose or piece of equipment with few keeping pace with the latest technology innovations. challenges compared to the traditional business analytics and so requires special considerations in its design and implementation. Since industrial analytics is in its early stage of development, much needs to be explored. The Industrial IoT Analytics Framework is intended to encourage discussions and research, and speed up the development and maturity of this indispensable technology. P UBLICATION OF THE F RAMEWORK Industrial analytics has unique challenges because the results can alter the operation and introduce vulnerability to things in the physical world. These effects may be undesirable or harmful, inadvertently affecting the safety of people or damaging property and the environment. Moreover, because industrial analytics often interpret data from different sensors and machines that may conflict with one another, we need to understand and synthesize the diverse information streams to reach a correct conclusion. Table 1identifies the requirements to consider when planning for industrial analytics. The Industrial IoT Analytics Framework is the first document to survey the requirements for implementing IIoT applications enabled by industrial analytics, such as those with predictive and prescriptive capabilities that will have a major impact on the industries. As a fledgling discipline combining advances in mathematics, computer science and engineering in the context of Information Technologies (IT) and Operational Technologies (OT) convergence, industrial analytics plays a crucial rule in the success of any IIoT system. Industrial analytics has unique requirements, characteristics and IIC Journal of Innovation - 37 -