A Survey Paper on Big Data and Industry

Abstract

Abstract

Recent advances in new generation information technologies, cutting-edge digital technologies are being harnessed to optimize and automate production, including upstream supply-chain processes. The ultimate goal of industry is that always-connected sensors embedded in machines, components, and works-in-progress will transmit real-time data to networked IT systems. These, in turn, apply machine learning and artificial intelligence algorithms to analyse and gain insights from this big data and adjust processes automatically as needed. In other words, the pain point is not generating and collecting data but being able to effectively extract value from it.

Keywords: Big data, Industry 4.0, data mining, social network analysis, Machine Learning; Artificial Intelligence