Businesses across most sectors are now using machine to machine (M2M) technology to make their assets and operations smarter and more efficient. A recent survey from the 2015 Data+ Editors Choice Awards winners found that the most successful organizations are using data to make better decisions.
One of the world’s largest technology vendors, SAP, is now offering services to help startups and larger companies run more and better data queries. SAP’s HANA platform is a real-time system that manages, analyzes, and processes a company’s transactional data and provides business insights on the fly.
Big Data Helps New and Old Industries
One of the oldest industries in the world, railroads, is now using big data action-based analytics. For example, New York Air Brake (NYAB), which manufactures train brake and control systems for 50% of the US market, is optimizing its train driving strategies that save millions of dollars that simply wouldn’t occur based solely on human-based intuition and experience. NYAB’s system collects a wide range of data from the railroad, which is supplemented by additional parameters including weather conditions. According to NYAB, the SAP HANA system was installed and allowed to run for 45 days to create a baseline profile after which tweaks were introduced and tested.
It is clear from the results with railroads that the collection and use of data to improve operations and results will continue to spread to airlines, factories, and additional industries.