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Data-Driven Insights through Industrial Retrofitting: An Anonymized Dataset with Machine Learning Use Cases.

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Summary
This summary is machine-generated.

Small and medium-sized enterprises (SMEs) can now extract valuable insights from equipment data using machine learning (ML). This study provides a dataset and demonstrates ML applications for data-driven decision-making in SMEs.

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benchmark datasetindustrial IoTindustry 4.0machine learningretrofit

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Area of Science:

  • Industrial Engineering
  • Data Science
  • Machine Learning

Background:

  • Small and medium-sized enterprises (SMEs) face challenges in data analysis from retrofitted equipment.
  • Existing research inadequately covers data-driven insights in SME environments.

Purpose of the Study:

  • To provide an anonymized dataset from SMEs for data-driven analysis.
  • To demonstrate the application of machine learning (ML) techniques for extracting insights from limited SME data.

Main Methods:

  • Collected anonymized power consumption data from two medium-sized companies over 7 months and 1 year.
  • Developed and applied several ML models for tasks including forecasting and classification.
  • Utilized a non-invasive and scalable data-collection procedure.

Main Results:

  • Demonstrated that ML can extract useful information from limited data types in the short term.
  • Successfully applied ML models for power consumption forecasting, item classification, next machine state prediction, and production count forecasting.

Conclusions:

  • SMEs can effectively leverage ML techniques with limited data resources.
  • The study offers practical insights for SMEs to utilize actionable data insights.
  • Findings enhance understanding of ML application in practical SME settings with limited datasets.