Glossary
What is predictive analytics?
Predictive analysis is an advanced data analysis technique that uses statistical algorithms, machine learning, and mathematical models to predict future events based on historical and current data. Applied in manufacturing, it enables the anticipation of machine breakdowns, optimization of maintenance, enhancement of production quality, and reduction of waste. The forecasts generated help companies make faster and more informed decisions, reducing time to market and increasing competitiveness.
How Var Industries can support companies in predictive analytics
Var Industries enables the adoption of predictive analytics by integrating real-time data collection and analysis tools, artificial intelligence and advanced simulation. With solutions such as Insight Hub, it is possible to collect operational data from each production process, display it in interactive dashboards, and use predictive algorithms to identify inefficiencies, impending failures, and areas for improvement. Companies thus achieve proactive production management, with a significant reduction in downtime, scrap and operational costs.