Worldwide demand for energy escalates every year, and the consumption of fossil fuels continues to increase despite the growing supply of alternative energy options. Globally, about 81 percent of energy comes from a finite supply of fossil fuels like oil, coal and natural gas. Fossil fuels are used to heat homes, run vehicles, power industry and manufacturing, and provide electricity.
Using real-time data analytics monitoring has become the accepted way to monitor processes in several industries. The goal is to detect and diagnose issues as they happen, which is a great leap forward compared to traditional analysis conducted in retrospect. This has been highlighted in a previous blog post.
Using advanced data analytics models in real time opens up a whole new world of possibilities for improving your production processes. Not only does real-time process monitoring provide a level of confidence in your process performance, it can also help improve the overall quality of your production output.
Analyzing batch process data is a lot like juggling. You have multiple sets of data from different sources and in order to turn them into a meaningful presentation, you need a method of handling them to make sure they are all in the right place at the right time.
“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” — Bill Gates