A New Trend in the field of Analytics

Nowadays, manufacturers are using technology to monitor parts and operations in order to reduce expenses which includes analytics. The result is, a continuous streaming analytics engine that provides automated alerts on the forecasted failures identified by the predictive models. From here, companies can schedule planned maintenance with a high confidence level. Predictive monitoring is particularly suited for critical machinery which is complicated to maintain in terms of labor costs, or machinery with components that are expensive or difficult to obtain quickly. Spare parts and components can be reduced because needs are predicted weeks to months in advance. Read more at :http://www.designnews.com/author.asp?section_id=1386&doc_id=279921