Chapter(11): Digital Transformation For Technology Industries

Advanced analytics has gained massive momentum in the industrial sector. Its evolution and conquest of the markets is unstoppable, along with its presence and importance as an essential tool. Technology enterprises consolidate using online data sources to deliver analytics and intelligence that inform everything from operations process automation to customer experiences.
In technology companies, lower costs and democratized data increase access and management speed, enable dynamic forecasting and complete visibility into supply chains, and improve security measures that ensure ongoing privacy compliance-like remote work. Advanced analytics and artificial intelligence can help the technology industries maximize their throughput and are reliable and robust tools to sustain new technologies in other related industries. This book clarifies the benefits of using advanced analytics in technology industries and highlights the potential challenges and risks of the Industry 4.0 revolution. This book, the second volume of the Advanced Analytics for Industry 4.0 book, aims to help industry executive managers, research and development specialists, advanced data analyzers, professors, and students working in advanced data analytics and digital transformation.