What is analytical model in SAP MFG-DM-MI - Digital Manufacturing Insights?

SAP Term: analytical model

• Component: MFG-DM-MI

• Component Name: Digital Manufacturing Insights

• Description: A framework that helps to configure custom KPIs with the relevant dimensions and measures.

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• Key Concepts:
  An analytical model is a mathematical representation of a system or process that is used to analyze and predict its behavior. In the context of SAP Digital Manufacturing Insights, an analytical model is used to analyze and predict the performance of a manufacturing system. It can be used to identify potential areas of improvement, optimize production processes, and reduce costs.
  
  How to use it:
  Analytical models can be used to identify areas of improvement in a manufacturing system. They can be used to analyze data from various sources, such as production logs, machine sensors, and other sources. The model can then be used to identify potential areas of improvement and optimize production processes.
  
  Tips & Tricks:
  When using an analytical model, it is important to ensure that the data being used is accurate and up-to-date. Additionally, it is important to ensure that the model is properly calibrated and that the parameters are set correctly.
  
  Related Information:
  SAP Digital Manufacturing Insights provides a range of tools for analyzing and optimizing manufacturing systems. These include predictive analytics, machine learning algorithms, and optimization algorithms. Additionally, SAP provides a range of services for helping customers implement these tools in their manufacturing systems.