Industrial analytics is the process of collection, analysis, and usage of data generated during industrial operations. Industrial analytics is used to identify and address faults in assets, increase uptime, and reduce repair cost. Results of analytics are used to support human decisions. Industrial analytics primarily includes traditional methods such as statistical modelling and data gathering. Major applications of industrial analytics across the industrial value chain includes research & development, manufacturing process, supply chain, and marketing.
Increasing penetration of Internet of Things (IoT) is a key factor driving growth of the global industrial analytics market. In addition, developments in data mining methods & data warehousing, increasing use of real time applications across the globe, and growing adoption of big data analytics in business process are other factors expected to boost growth of the global industrial analytics market over the forecast period.
However, issues related to data security is a key factor restraining growth of the global industrial analytics market. Additionally, high deployment cost, and lack of skilled workforce are other factors expected to hamper growth of the global industrial analytics market over the forecast period. Complex analytical process and lack of organization culture integration are some other factors expected to challenge growth of the global industrial analytics market.
The global industrial analytics market is segmented on the basis of deployment type, organization size, end-user, and region. On the basis of region, the global industrial analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.