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

COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY

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.

VISIONARY LEADERS

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.

DYNAMIC DIFFERENTIATORS

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

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.

EMERGING COMPANIES

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.

Best Industrial Analytics Software

Comparing 37 vendors in Industrial Analytics Software across 143 criteria.
6 Experts are advising 46 Industrial Analytics Software buyers
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General Electric registers its presence in the industrial analytics market with its cloud-based Predix platform, which serves the digital industrial businesses. GE Predix Industrial Analytics provides users with actionable insights into assets and operations, which help them create new business opportunities. In addition, the Predix platform helps businesses to connect industrial equipment, analyze data, and provide them with real-time insights. Furthermore, the company provides Predix-based industrial applications, which help businesses to understand the root cause of any problem related to machinery, which has occurred during the production cycle. Predix platform when applied to real-time Industrial Internet data helps in streamimg, detecting anomalies, triaging critical events, directing prescriptive controls, signaling predictive maintenance alerts.
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Microsoft offers Azure analytics solutions to facilitate smart manufacturing to the businesses. Microsoft Azure Industrial Analytics uses advanced analytics to analyze data, collected through sensors, which helps businesses to predict the requirement of device maintenance. Further, it decreases the unplanned outage, which impacts the productivity and reduces the cost associated with it. The connected remote monitoring system, facilitated by the Azure Analytics Suite, can be deployed in several use cases; for instance, analyzing data, generated through machines, on shop floor helps in real-time decision-making.
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IBM offers industrial analytics through Watson analytics solutions, which help businesses to develop specialized integrated solutions to deal with industry and business challenges. Furthermore, Watson Analytics Solution enables manufacturers to apply industrial analytics and cognitive capabilities in the manufacturing industry to digitize and optimize remote manufacturing process areas. IBM Watson Industrial Analytics leverages various features, including smart equipment maintenance, smart factory operations, smart product design, smart quality, smart supply chain management, smart employee safety, and smart energy. The cognitive manufacturing acts as an interface between human and machine. It works through 3 factors, including intelligent assets and equipment, cognitive process and operations, and smart resources and optimization.
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SAS offers industrial analytics solutions through its advanced analytics solutions. It comprises various products, including an event stream processing engine, visual analytics, and visual statistics. These products help businesses to analyze the data generated through various devices and sensors. For instance, in the oil and gas industry, data is captured throughout the product’s lifecycle, and analyzed to build predictive models to avoid equipment failure and inefficiencies, and pinpoint processes.
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PTC provides the ThingWorx Industrial Internet of Things (IIoT) Platform to facilitate smart connected products and solutions to businesses throughout the world. PTC ThingWorx Industrial Internet of Things offers complete solutions to the industrial analytics market through its development tools and comprehensive functional capabilities. The ThingWorx IIoT Platform enables developers to create applications and solutions speedily compared to manual coding. It also analyses big data, and make it readable and understandable to all users in real time. In addition, it empowers users to forestall the future, reduce the risk, and provide greater values to its customers, in a timely manner, with less cost.
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HPE Vertica Industrial Analytics offers an end-to-end industrial analytics portfolio through HPE Vertica Analytics platform. It is the most accessible analytics database platform which provides real time analytics by integrating with SQL, Java, Python and R, as well as it provides support to Business Intelligence (BI) and Extract, Transform, and Load (ETL) vendors. HPE Vertica Industrial Analytics helps in managing massive data generated through sensors and analyze it in high speed. The company offers Compute which helps in reducing time to market without compromising the quality. The solution keeps iteration turnaround times really low. It models and tests with dependable outputs that quickly aid engineering decisions.
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SAP caters to the industrial analytics market with its SAP Analytics Cloud Platform. SAP provides a wide-ranging solutions portfolio which empowers intelligence at the edge and automates processes at the core. It enables businesses to process and analyze large data volumes that are generated by IoT devices. Furthermore, the company builds and deploys applications on the cloud, connects and controls devices, analyzes machine and sensor data, optimizes business processes, and creates new business models.
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Analyzing your operations, customer insights, product insights etc. is of the utmost importance for any business. A handful of tools are there actually to help you out, and Tableau software is precisely that kind of software. With the help of this software, you can now improvise the power of data and enhance your business outputs. You can integrate this power analytics with super-efficient Business Intelligence for planned insights. This intelligence software helps you to track all the data, acquire new customers and get actionable insights on your products and services.
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Oracle offers its industry analytics solutions through a business analytics suite. ORACLE PeopleSoft Industrial Analytics comprises a comprehensive set of applications, such as PeopleSoft Industry Analytics, Oracle Enterprise Asset Management Analytics, and Oracle Manufacturing Analytics. These applications enable businesses to deliver operational excellence through managing strategy with operations and driving predictable results. The company provides industry-specific applications, which serve the exact need of the business.
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Hitachi offers industrial analytics solution through big data analytics and Pentaho data integration and analytics solutions. HITACHI Pentaho facilitates smart manufacturing to the industries such as energy and utilities, and communications. Further, the company provides Risk Developer Kit for risk analysis in the manufacturing industry. HITACHI Pentaho analyzes the data and risk in the supply chain management, product, sales and inventory planning and management. Pentaho Data Integration easily ingests, handles, blends and prepares data from any source, and it also embeds data science capabilities into the user's intelligent data pipeline.
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Angoss is better known as Altair, one of the leading global data service providers. Hence, it is one of the most trusted and reliable platforms for any enterprise to connect with. The company offers ‘Smart Data’ that collects relevant data for the company from various storages and provides comprehensive data insights. It deliberately works to simplify any complex layer for a more user-friendly approach. Thus, it is suitable for people who are not well-versed in Data Analytics.
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Alteryx Inc is an industrial analytics software that offers a platform based on subscription. It facilitates organizations to prepare, mix and analyze data from a multitude of sources that simplifies data-driven decisions. The software provides a scalable platform for your analytics and users can perform predictive analytics and share their results. The software is highly useful as it can discover, prepare and analyze the entire user's data then share analytics for deeper insights.
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Cisco offers the Edge IoT Analytics platform as its prime offering in the industrial analytics market. CISCO Edge IoT Analytics platform allows organizations to align the expertise of applications, sensors, and security services providers for ensuring enterprise assets work efficiently together for analyzing and delivering data accurately. Furthermore, it facilitates timely decisions which reduce costs and increase revenues. Cisco also offers Data Virtualization solution which is an agile data integration software that makes it easier for the users to access all their data and queries across the network.
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Intel Corporation provides industrial analytics solution through edge analytics. It allows constructive use of the information by providing features such as improved efficiency, enhanced yields, and reduced downtimes. It empowers manufacturers to extract valuable insights from industrial data which is generated through various devices and sensors. Further, it optimizes and secures operations and unleashes new services. INTEL Industrial Analytics Software provides end-to-end foundation for intelligent factors which scales the data from operation floor to data centers, comprehensive security, API management, and pre-integrated hardware and software solutions.
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BRIDGEi2i provides industrial analytics solutions featuring marketing analytics, sales analytics, risk management, customer analytics, and supply chain planning. The marketing analytics solutions include market intelligence, customer intelligence, and marketing effectiveness. They help businesses understand customer needs and predict future requirements. The company provides AI powered watchtower solution which leverages its own self learning algorithms for mapping metrics relationships, correlation and anomaly detection to provide real-time actionable insights and proactive alerts on key business metrics. The solutions also comes inbuilt with voice assistant and real time monitoring features.
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Lavastorm covers the essential aspects of analytics with its industrial analytic software, Data3Sixty. It delivers offers organization of redundant data and analysis to formulate insights. Essentially, the software integrates all the vital points like enhancing efficiency, exposing potential growth factors, and reducing the risky aspects of the business. Hence, it offers optimal growth to the company. Lavastorm also provides a browser-based platform with enhanced intuitive features for effortless performance and operation.
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TIBCO leverages industrial analytics solution through Spotfire platform. It is an enterprise-class platform which enables business users and technical users navigate through the data in order to develop actionable insights. It facilitates various features and functionalities including, smart visual data discovery, immersive data wrangling, predictive analytics, location analytics, insight platform, and enterprise scale analytics.
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STRIIM helps in continuous streaming of data and that too in real-time within your business premises as well as cloud platforms. It is a patented software on a business-grade platform that delivers real-time ingestion of data, high-speed streaming, and helps in providing data to cloud platforms. It helps you in streaming real-time data when and where you need it and immediately offers actionable insights and intelligence reports. It runs on all types of devices for your convenience.
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AGT International Inc industrial analytics software is made of advanced technology solutions for public safety and security. The software is capable of offering innovative solutions in different areas such as urban management, critical infrastructure, border protection, cybersecurity, transportation, law enforcement, and natural disaster preparedness. The software is based on innovative technology and solves inherent problems that arise when working with massive amounts of data and offer new ways to extract value from information.
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Alpine data labs combine the power of AI with Machine learning to offer a fantastic data analytical platform. It provides easier decision making with the help of insights and pattern predictions. With the power of cloud storage, it analyzes data from various sources. The platform is user-friendly due to interactive dashboards and one-click operations. By instigating it in your enterprise, the organization can save valuable resources, especially time and workforce, due to automated responses.
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FAIR ISAAC CORPORATION or FICO is a major artificial and human intelligence analytics software company. The primary attraction of the company is that it helps users, both consumers, and enterprises, to find gaming changing results through intuitive insights. FICO allows users to analyze, capture, effectively use data and evaluate corrective action plan to work things out. The company aids in understanding data with the help of algorithms to predict consumer behaviour.
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With the headquarters located at one of the most exotic locations on the globe- Zurich, Knime AG builds software that are intuitive, easy, and fast. The purpose of Knime AG has always been to assist different companies in innovation by unravelling their hidden potentials. With the help of automated analytics software, businesses can now take decisions that are beneficial for the company. The use of the software has helped to boost performance and productivity.
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With over 40 odd years in the field of software development, Information Builders Inc has to its credit of delivering the best analytics and data to businesses for its transformation in the digital sphere. We are helping companies capitalise the opportunities to connect to the world. The company has been continually transforming technology to achieve potential greatness. The technology has been shaping the future of businesses that are driven by data.
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6Sense has been a reputed and reliable name when it comes to building the next generation account-based orchestration platform that has been powered by Artificial Intelligence. The approach of this company has been to help the revenue team to recognise and grab opportunities by using the best of AI. It has also helped the businesses to connect to every possible signal of different genres of businesses enabling the revenue team to search for and grasp the opportunity.
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AgilOne is a B2C customer data platform that aims at providing every element of customer metric. Sunnyvale, CA-based this AgilOne is focused on giving the marketers the ability to compare, track, and analyse their functions and performance of different campaigns over time. The company’s competitive market approach has been to understand the behaviour of the customers, and real-time APIs to orchestrate experiences across different touchpoints. It helps in creating authentic customer data platform satisfying advanced business needs.
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Domino Data labs offer some of the most natural methods to search for more ideas and data searches. The software provided by the company is automated by DevOps, which helps to improve data searching for users. The use of automated DevOps enhances the functionality and offers users more time to spend searching ideas, improves usability and helps to make collaboration more straightforward and more comfortable. Additionally, many tools can be used with the software to enhance the usability of the same.
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As a leading business intelligence solution and services provider, EXAGO offers various tools and software options for business analytics and BI. Furthermore, this company makes reporting faster and easier. With better colours and templates, the company helps in making reports that are easier for clients to read and understand. Additionally, the software is designed in such a manner that it is easy to integrate into the enterprises. The reports have a bunch of various features that make reporting more comfortable and faster.
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GoodData offers industrial-level analytics software. Being a leader in the cloud-based intelligence business, GoodData has many services listed under the analytics solutions. The most beautiful part of GoodData’s resolutions is that it is industry-driven. The company has improved its Insights Engine to provide real-time results. The company makes use of the data within the networks and what the users have to bring out results that go beyond business analytics.
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Greenwave Systems Inc is a privately owned, VC-backed company that has offices in different parts of the globe. The company has to its reputation to provide a secured horizontal platform to manage massive data and the processing. Apart from this, it also engages in monitoring, diagnosis, and service management. The company has effectively used IoT to help the clients cater to managed services. It uses the AXON platform to elevate the processes and the communication procedure in a seamless manner.
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Kognito offers a fast-performing analytical solution that acts as an enhancement to provide interactive solutions to the customers of the enterprise. It manages and compiles redundant data, simple and complex alike, to offer a rapid decisional response for advantage among the competition of the enterprise. The most remarkable application of Kognito is its speed of processing billions of insights, making it suitable for larger organizations for analytic data services.
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