New machine learning-based technologies in an industrial context allow for AI-assisted analysis and evaluation of data collected from sensors on production facilities. SAP is now extending its Analytics Cloud solution with a corresponding function. It is designed to proactively identify potential problems and risks, make predictions on company or machine performance, and correlate collected data.
SAP sees the main benefit for industry in the prepared metrics that companies could use to make better decisions. Routine tasks are completely automated, and SAP Analytics Cloud also handles any data visualization. The provider will in future provide all presentation, planning and forecasting functions on the One Simple Cloud platform. Among other things, the platform processes data from the SAP Analytics Cloud, allowing it to be integrated and analyzed in various business areas.
Machine learning is one of the current Industry 4.0 trends: According to an IDG study , 25% of companies surveyed plan to tackle the issue seriously in the coming year.