Predictive Maintenance
Data Goals
Data Innovation
Integrating Analytics into Operations
Data Analysis in Real-Time
Insights from Data
Data Mining Techniques for Real-time Analysis
Vision
Data Analysis for Effective Resource Management 
Predictive Analytics: Predictive analytics uses statistical models and machine learning techniques to forecast future outcomes based on historical data
...Techniques such as predictive
maintenance can forecast equipment failures, ensuring that resources are available when needed
...
Data Goals Predictive Goals Focused on forecasting future trends and behaviors based on historical data
...Company B Predictive
Maintenance Reduced equipment downtime by 30% using predictive analytics
...
Data Innovation Predictive analytics, recommendation systems
...Manufacturing In manufacturing, data innovation is applied for: Predictive
maintenance to reduce downtime
...
Integrating Analytics into Operations Predictive Analytics: Using statistical models to forecast future outcomes based on historical data
...This proactive approach allowed for predictive
maintenance, reducing downtime by 25% and saving the company millions in operational costs
...
Data Analysis in Real-Time Manufacturing Supply chain optimization and
predictive maintenance ...
Insights from Data Root cause analysis, trend analysis
Predictive Analysis Uses statistical models to forecast future outcomes based on historical data
...Common practices include: Inventory management analysis Process optimization using Six Sigma Predictive
maintenance for equipment 4
...
Data Mining Techniques for Real-time Analysis Manufacturing:
Predictive maintenance and quality control are improved through real-time data mining
...
Vision Unlike descriptive analytics, which focuses on what has happened, and
predictive analytics, which forecasts future outcomes, prescriptive analytics suggests specific actions to achieve desired results
...Manufacturing: A manufacturing company developed a vision of achieving operational excellence through predictive
maintenance ...
Data Mining Analytics Healthcare:
Predictive analytics for patient outcomes, disease outbreak forecasting, and resource allocation
...Manufacturing: Predictive
maintenance, quality control, and supply chain optimization
...
Understanding Analytics Lifecycle Data Collection Data Preparation Data Analysis Interpretation and Communication Deployment Monitoring and
Maintenance 1
...Common methods include: Descriptive analytics (summarizing historical data)
Predictive analytics (forecasting future trends) Prescriptive analytics (recommending actions based on data) 5
...
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