An Advanced Product Analytics Platform For Industry 4.0 And IIoT

How to achieve mass optimization through intelligent use of data.

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Industry 4.0, Industrie 4.0 or the fourth industrial revolution, is the current trend of automation and data exchange in manufacturing technologies. IIoT is a critical component of Industry 4.0 combining sensing, intelligent analytics and Internet/cloud connectivity. One of the main tasks of Industry 4.0 is mass personalization (meeting the customer’s needs more effectively and
efficiently) and it is often associated with mass customization (combining the flexibility and personalization of “custom-made” with the low unit costs associated with mass production.) In
addition to mass customization, recent advances in IIoT, in particular the ability to complement process analytics with product analytics, have enabled another important task of mass
personalization – mass optimization. Mass optimization is a task of improving the manufactured product and it is achieved when the manufacturing process for each part (a given instance of a
product) is optimized based on product information collected during previous manufacturing and testing steps for the part and its components.

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