Introduction to Predictive Analytics for Maintenance
Predictive Analytics is the science of engaging statistical and data driven approaches to build models to represent real processes, for the purpose of comparative analysis as well as making predictions / forecasts. This is particularly so in the manufacturing environment where process monitoring and predictive models are very critical in pre-empting failure. In an automated manufacturing environment, process data is produced as at incredible rate and the ability to collect, store, analyse, model and predict process behaviour has become increasingly more important.
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