Analytics and big data are exciting and innovative topics that can provide decisive competitive advantages for companies. On February 22, AKKA offered an information and networking platform in Munich for the very first time. The participants were able to find out how they can harvest extensive information using modern and reliable data analysis – and optimally utilize it for their business. A total of 72 visitors used the event to discuss challenges and solutions around the topic of analytics in both lectures and at exhibition stands.
Volker Weber, BMW Group Project Manager, talked in his lecture about the use of predictive analytics in the automotive industry. Based on concrete practical examples, Weber made clear what potential lies in the prediction of maintenance and repair work for the automotive industry. According to Weber, car manufacturers can use predictive analytics to reduce the number of car malfunctions and breakdowns by up to 70 percent.
The AKKA experts Dr Pit Vanhoefer and Gökhan Yüksel gave presentations on how data science and descriptive analytics can be used in practical business. According to this, data analyses can help in the future to improve building security in the case of fire, to optimize civil protection or to use vehicle fleets even more efficiently.