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By: (Edited by) Abhishek Verma , (Edited by) Ashutosh Kumar Singh , (Edited by) Avinash Chandra Pandey , (Edited by) Munesh Singh , (Edited by) Vijaypal Singh Rathor
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The advancements in intelligent decision-making techniques have elevated the efficiency of manufacturing industries and led to the start of the Industry 4.0 era. Industry 4.0 is revolutionizing the way companies manufacture, improve, and distribute their products. Manufacturers are integrating new technologies, including the Internet of Things (IoT), cloud computing and analytics, and artificial intelligence and machine learning, into their production facilities throughout their operations. In the past few years, intelligent analytics has emerged as a solution that examines both historical and real-time data to uncover performance insights. Because the amount of data that needs analysis is growing daily, advanced technologies are necessary to collect, arrange, and analyze incoming data. This approach enables businesses to detect valuable connections and trends and make decisions that boost overall performance. In Industry 4.0, intelligent analytics has a broader scope in terms of descriptive, predictive, and prescriptive subdomains. To this end, the book will aim to review and highlight the challenges faced by intelligent analytics in Industry 4.0 and present the recent developments done to address those challenges.
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