Industrial analytics refers to the process of collecting, analyzing, and using the data generated in industrial operations throughout the product’s lifecycle. Industrial analytics involves traditional methods of statistical modeling and data capture, and modern advancements in connectivity, such as Industrial Internet of Things (IIoT) and improved methods for interpreting and analyzing data, including machine learning. Industrial analytics is applicable to any asset-intensive company that is manufacturing physical products. Industrial analytics enables organizations to better understand their industrial operations and helps gain deeper business insights to optimize their businesses
The vendors are placed into 4 categories based on their performance in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies.” The top 26 vendors have been evaluated, including General Electric Company, Microsoft Corporation, IBM Corporation, SAP SE, SAS Institute, Inc., Oracle Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise, PTC, Inc., Intel Corporation, AGT International GmbH, TIBCO Software, Inc., BRIDGEi2i Analytics Solutions, Hitachi, Ltd, Alteryx, Inc., KNIME.com AG, RapidMiner, Inc., Angoss Software Corporation, Tableau Software, Inc., Information Builders, Fair Isaac Corporation (FICO), Striim, Inc., Lavastrom Analytics, Inc., Alpine Data, and Leantegra, Inc.
Vendors who fall into this category receive high scores for most of the evaluation criteria. They have a strong and established product portfolio, and a very strong market presence. They provide mature and reputable industrial analytics solutions. They also have strong business strategies. General Electric Company, Microsoft Corporation, IBM Corporation, SAP SE, SAS Institute, Inc., PTC, Inc., and Hewlett Packard Enterprise are the vendors who fall into the visionary leaders’ category.
They are established vendors with very strong business strategies. However, they are low in their product portfolios. They focus on a specific type of technology related to the product. Alteryx, Inc., Tableau Software, Inc., and Hitachi, Ltd are the vendors who fall into the dynamic differentiators’ category.
Innovators in the MicroQuadrant are vendors that have demonstrated substantial product innovations as compared to their competitors. They have a much-focused product portfolio. However, they do not have a very strong growth strategy for their overall business. Oracle Corporation, Angoss Software Corporation, TIBCO Software, Cisco Systems, Inc., Intel Corporation, Striim, Inc., BRIDGEi2i Analytics Solutions, and Leantegra, Inc. are the vendors who fall into the innovators’ category.
They are vendors with niche product offerings and are starting to gain their position in the market. They do not have strong business strategies, as compared to other established vendors. They might be new entrants in the market and require some more time before getting significant traction in the market. KNIME.com AG, Fair Isaac Corporation (FICO), AGT International GmbH, Lavastrom Analytics, Inc., Alpine Data, RapidMiner, Inc., and Information Builders are the vendors who fall into the emerging companies’ category.