Analytics gaining ground in Saudi Arabias manufacturing industry
With the Internet of Things (IoT) transforming the ways in which sensor-generated data is gathered, examined and leveraged, different markets in the Kingdom of Saudi Arabia are realising the importance of analytics in making it possible for more reliable and competitive monetisation techniques.
By streamlining procedures from design to delivery, the Saudi manufacturing industry is leading the charge of increased interconnected machine-to-machine (M2M) interaction. According to the International Data Corporation (IDC), Saudi Arabian IT spending in the manufacturing sector is anticipated to enhance at a compound annual growth rate (CAGR) of 7.5 % from 2013 to 2018.
Dubbed as the Industrial Revolution 4.0, disruptive IoT technologies are poised to play a vital role in the Kingdom's manufacturing sector over the next five to 10 years. As intelligent cloud-based applications transfer and analyze information that permit factories to get smarter, business analytics will function as the vital enabler in collating data that optimises general production systems and procedures.
SAS , the leader in analytics, is sponsoring the Plant Maintenance and Reliability Congress at Sofitel The Corniche, Al Khobar, Saudi Arabia, from 9-10 March 2016. As the summit's analytics partner, SAS aims to create an awareness on the value of business intelligence and analytics in attaining an incorporated, market-driven method throughout the production market.
"Driven by the increase in data volumes and the introduction of analytics and business intelligence abilities, we remain in the next phase of the manufacturing sector's digitisation. The first wave of these intelligent factories are utilizing industrial devices that are linked and interacting with one another via sensors that gather and examine information," said Yigit Karabag, Information Management & Analytics Practice Manager, Middle East, Turkey & Africa at SAS.
"This digital shift throughout various sectors, particularly in the manufacturing sector, is paving method for company analytics that are altering the way factories work. The manufacturing sector is one of the primary factors to Saudi Arabia's GDP and the Plant Maintenance & Reliability Congress aims to understand the marketplace requirements, trends and difficulties dealt with by the heads of operations and upkeep-- the largest of those patterns and challenges is IoT," he added.
With the current decline in crude oil costs forcing more Saudi businesses to enhance performance and innovation by embracing new technologies such as innovative analytics, a boost in IoT deployments - particularly in the Analytics of Things (AoT) arena - is boosting businesses' capacity to value and assess data to improve dependability and optimize operations.
Offered the sheer number and complexity of processing activities that influence producing performance in different commercial sectors, a more granular, data-led technique enhances businesses' monetization capacity by providing more potential to detect and remedy process flaws through innovative analytics.
At the summit, SAS will highlight its Asset Performance Analytics, which properly forecast events that cause outages or deteriorate performances across devices. From batch information loads to streaming real-time IoT information, the SAS solution measures, analyses and evaluates sensor data to boost performance and productivity whilst reducing the risk of revenue loss
The Plant Maintenance & Reliability Congress will include interactive panel and roundtable conversations as well as conference sessions and study.
For more information about the event, please visit http://www.eurasiayan.com/pmrc_saudi_arabia.php.
