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Data is highly significant to generate helpful information for several processes, such as for business processes. However, the actual significance depends upon its implementation – the way it is used to acquire valuable information for a process. To ensure…
The term data protection refers to protecting personal data against misuse and unauthorized access within the framework of the fundamental right to informational self-determination and privacy. Personal data relates to all data relating to a directly or indirectly identifiable natural…
Data security is concerned with the practical implementation of data protection. This can affect all types of data in analog or digital form for which there is an interest in protection. Unlike data protection, data security thus also concerns data…
On-premise or “on-prem” for short refers to a usage model for software. In this variant of software use, the software is operated locally on-site by the respective licensee. They use the software on their responsibility on their local servers in…
CIP is the short form of a “continuous improvement process.” It is a concept that provides for continuous, small-step improvements that are intended to lead to an increase in the quality of products, processes, and services in companies. In…
Retrofit stands for counteracting the cost-intensive replacement of technically obsolete machines. Instead, plants are brought up to the latest state of the art – in other words, a second chance for your equipment. A retrofit can save not only money,…
OEE stands for Overall Equipment Effectiveness. The formula for calculating it is as follows: OEE= Degree of availability x Degree of performance x Degree of quality. OEE= Possible production time / Actual production time x Possible output / Actual output…
Like greenfield, the term brownfield can be traced back to construction planning and is now used as an analogy in other areas. A brownfield is not an open “greenfield” site, but refers to a brownfield site that is constrained by…
Return on Investment (ROI) indicates the percentage ratio between profit and investment. The key figure provides information on how efficiently a company has worked.
The starting point for an IT solution is a concrete task or problem of a customer. These are used for analysis and are solved through the use of software or in an interaction of hardware and software. Once the IT solution is…
IIoT – Industrial Internet of Things, describes the trend of the Internet of Things in the industrial environment. Manufacturing companies use this trend to produce more efficiently and effectively.
Internet of Things stands for the increasing number of devices connected to the internet. These exchange data with each other and generate a massive amount of data. This is often described as Big Data and can be transformed into Smart Data through…