How have analytics affected diagnostic-tool development?

Sensing devices embed diagnostics into the digital payload. By Mike Bacidore, editor in chief Sep 06, 2016 It wasn’t too long ago when plant managers complained of too much data. Collecting it was easy, but parsing that data and turning it into something useful was entirely another story. Organizations were drowning in data. Software companies heard their cries for help and began working on floatation devices in the form of analytics. Now, data has become big data, and manufacturers are looking to use it not only to automate ERP data entry, but to measure productivity and profitability, to virtualize processes and engineering capacity, to monitor equipment health and to gain a strategic advantage over competitors through advanced analytics that turn information into business intelligence. We asked our panel of nine…

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