An interesting manufacturing tool is emerging as more companies seek to mine, or take advantage, of the process data their production systems generate. The tool, called Process Monitor (PM), uses statistical analysis methods to crunch the manufacturing process data, and predict whether or not the production system is operating within preset control limits that indicate an acceptable product outcome.
The Internet of Things is revolutionizing all areas of our lives. Manufacturing Industry 4.0 is a revolution as transformative as the first industrial revolution that began nearly three hundred years ago. Over the past few years major manufacturers of industrial control products, as well as smaller software companies and start-ups, have been developing and introducing software and software tools to provide analytics and artificial intelligence to improve both manufacturing processes as well as products manufactured. Advancements in manufacturing analytics are coming fast and furious.