German government announces "Production Intelligence": funding for Jedox's Big Data project
Germany, 13.04.2015: The German Federal Ministry of Education and Research will fund a 'Production Intelligence' research initiative. This industry-4.0 strategy will advance data-driven optimization on complex manufacturing processes. The innovation consortium will operate under the leadership of advanced analytics provider Jedox, and includes the Fraunhofer Institute for Physical Measurement Techniques, Carl Zeiss, automotive supplier Fischer IMF, and the sensor manufacturer Micronas.
The project will use performance enhancing software to enable real-time evaluation of high data volumes (Big Data) from manufacturing systems to automate decision making and evaluation in the manufacturing process. Planned to run for two and a half years, the project will demonstrate optimizations to manufacturers who are challenged by growing data volumes, and demand for 100% quality management.
"The Ministry's funding of Jedox's advanced data analytics technology demonstrates the potential of Data Analytics in optimizing manufacturing processes. We look forward to heading up a team of leading innovators and using our considerable experience and knowledge to drive forward the development of inline measurement techniques", commented Jedox CTO Matthias Krämer.
Dr. Daniel Carl of Fraunhofer IPM expects to gain insights above and beyond the project: "This Production Intelligence project allows us to test the interface between our measurement tools and Jedox. We will evaluate high data volumes and enable effective decision making for manufacturers in a short amount of time, and I envision deployment of Jedox in many Fraunhofer IPM Measurement Systems."
The project is funded through the BMBF and will be supervised by the German Aerospace Centre (DLR).
Jedox unifies planning, reporting & analytics so business users can manage corporate performance. Jedox is used in 125 countries by over 120,000 users worldwide with a 98.7% customer recommendation rate: www.jedox.com