A classification of real time analytics methods. An outlook for the use within the smart factory

The creation of value in a factory is transforming. The spread of sensors, embedded systems, and the development of the Internet of Things (IoT) creates a multitude of possibilities relating to upcoming Real Time Analytics (RTA) application. However, already the topic of big data had rendered the use of analytical solutions related to a processing in real time. Now, the introduced methods and concepts can be transferred into the industrial area. This paper deals with the topic of the current state of RTA having the objective to identify applied methods. In addition, the paper also includes a classification of these methods and contains an outlook for the use of them within the area of the smart factory