As a component of Industry 4.0, companies can determine comprehensive information on the status of machines, systems, consumption data and productivity – both quantitative and qualitative – via the internet of things (IoT) and bundle it into mean ingful key figures.

To do this, companies must first record the neces sary production data and save it for current or later analysis. Afterwards, they process the data accord ingly and link it with contextualization.

For example, they could incorporate weather data into an efficiency assessment of current energy consumption or include it in building services engineering.