The industrial world is transforming with the rise of smart industry. Modern production machines and handling equipment have become highly integrated mechatronic systems with a considerable portion of embedded software.
The growing abundance of data is a key driver of smart industry. Power plants, production machines, electric and hydraulic drives, and vision sensors all gather an increasing amount of measured data during production operation. This data can be turned into business value by developing Predictive Models and algorithms. For instance, Machine Learning can train a model to understand historical sensor data, so that the model can be used to create systems to predict future equipment failures and prevent production downtimes.
