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.
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Qlik is a company that provides, develops, and builds intelligence software options for businesses and enterprises. The company integrates enterprise-based search functionality and analytics in one single platform. The software products offered by the company are powered by Associative Engine, which is a powerful augmented intelligence and is governed by multi-cloud architecture. On an enterprise-level, it handles full-level analytics. Qlik offers a wide range of tools to deliver high-level results and analytics
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Radius is a marketing platform that has been a pioneer for small businesses, with around 20 million enterprises under it. It collected data and information from the vast availability of sources, which became its primary strength. The extensive collection of data attracted the Kabbage corporation that has merged with Radius to offer exceptional services. With the merging of two companies, they have a more sophisticated platform, usually found in larger enterprises, available for small businesses.
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Sisense is an API cloud software that helps in mashing up data, thereby creating analytical apps that you can embed anywhere. It helps in leveraging all your data with the self-servicing platform. Sisense’s cloud-based data analytics platform helps in building business grade analytics applications on your office premises or any cloud server. It reduces the time required for building, embedding, and deployment of intelligent analytics software, which procures customer engagement and creativity. On its revolutionary hybrid cloud-based platform, you can attain the lowest TCO in the industry through its white label BI, user-friendly dashboards, and self-analytics software.
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Teradata Corporation is a San Diego, California based reputed company that deals with software related to database and analytics. Teradata Corporation is indeed one of the leading companies that provide pervasive data intelligence, analytics and data solutions and hybrid cloud products. The approach is driving a fourth industrial revolution by helping different businesses to add to their revenue, asset and productivity. Its precise and unmatched analysis of data helps the businesses to create models towards improving processes and efficiency.
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