Seeing the bigger picture and making forecasts for the future. With the Internet of Things (IoT) and Big Data Analytics, this is no longer a vision for the distant future. Use of this type of data analysis has been propelled by process digitization and the development of innovative, data-driven business and service models. These include, for example, the prediction of maintenance requirements for production plants and more reliable seasonal planning. The huge amounts of data processed for applications are no longer provided solely by software but are also obtained from devices or things. Big Data is complemented by the Internet of Things.
What does Big Data Analytics mean?
Big Data Analytics is the real-time analysis of large amounts of data of various types to uncover patterns, correlations and other value-added information.