(183c) Leveraging Big Data with Modeling & Self-Service Analytics for Rapid Decision Making / Capstone Technology

Businesses today have more data than ever to interpret.  Data is arriving from multiple sources at an alarming velocity, volume and variety.  The speed and ability of businesses to collect, present, analyze, interpret and decide separates the elite from the masses.  How do you exploit this volume of data from so many sources without crippling decision making?  It would be great to throw all of this data into a Super Computer and output the optimal solution.  However, optimal manufacturing decisions require not only processing the data, but also delivering it to the right people with a tool that keeps up with the speed of thought.  This presentation will focus on available commercial software that does just this.  6 keys include 1) Provide access to all manufacturing and enterprise data sources 2) Use data aggregation for speed & filtering 3) Apply calculations, statistics & logic for development of KPI’s 4) Layering of asset structure for ease of analysis and segmenting of data by assets & asset types. 5) Visualization, Advanced Analytics and Modeling of all underlying data 6) Use of industry standard protocols to provide easy integration of domain specific applications.