As we look at a Smarter Infrastructure, we first see an abundance of new information sources, some providing huge volumes of data. While many of us will do with that data, what we did with our "clipboard data", which is to simply place the data into our "filing cabinet", others of us will realize the importance of the data as we apply analytics and turn "data" into "actionable information". Analytics is a very overloaded term, being associated with everything from basic KPIs to complex models. The reality is that any analytics, when applied appropriately, can make a huge impact on how efficiently and effectively we operate, and can generate huge potential savings in operational costs and personnel time.
IBM today unveiled a new analytics offering aimed at improving operational efficiency of complex assets. The solution, which can be tied to an asset management system like Maximo to maintain asset history, and drive asset associated operations, is a great step forward in the application of more complex analytics.
A colleague of mine wrote a great blog entry that helps one understand the role of analytics -- in terms many of us can understand -- here's a pointer to that blog: