Central to the opportunities presented by smart industry and Industrial IoT is the collection and availability of machine data, say Philipp H F Wallner and Seth DeLand.

The industrial world is transforming with the rise of smart industry. Modern production machines and handling equipment have become highly integrated mechatronic systems with a considerable portion of embedded software.

The growing abundance of data is a key driver of smart industry. Power plants, production machines, electric and hydraulic drives, and vision sensors all gather an increasing amount of measured data during production operation. This data can be turned into business value by developing predictive models and algorithms. For instance, machine learning can train