Industrial Internet Application Development

Profitable analytics

Profitable analytics, which provide an additional dimension to the given types, such as how efficiently the plant can be run and still be profitable for business success, are referred to as profitable or financial analytics. For example, the mining industry often needs to extract and ship the ore that is more in demand and make decisions about which ore they can expect or suggest to the back office based on demand. To enable such use cases, running a number of forecasting algorithms based on historical data to make the necessary bidding, or, in manufacturing, to measure the yield, is often required.