Data and Modelling

Question 1

4 Vs

Answer 1

Volume, velocity, variety and veracity

Question 2

AI and ML

Answer 2

Machine Learning:
uses probability to classify, cluster and predict
This involves recognising relationship structures and can be supervised or unsupervised
Predict disruptions

I order to make this more effective optimisation is used

Question 3

Industry 4.0

Answer 3

Cyber-physical systems
Three Dimensions of Integration:
Integrate the business
Integrate the product lifecycle
Integrate the supply chain
Condition-Based Monitoring: coupling of sensors and data analytics in place of traditional service checks which are done periodically