ACADEMICS at Strathclyde University are to assist accountancy and business advisory firm Deloitte in data mining.
Their focus will be on companies with complex asset bases such as energy and utility firms.
The two organisations believe that by interrogating trends and patterns they can help to extend the lifespan of assets such as offshore wind farms, which rely on information to work efficiently, profitably and safely.
Matthew Revie of University of Strathclyde Business School said: "Scottish organisations collect vast amounts of data, but many miss the opportunity to turn this data into added value.
"Our new partnership will help companies analyse and utilise their data in a wide range of ways, from automating maintenance on offshore wind farms to managing complex supply chains, all the way through to predicting customer behaviour."
Strathclyde's clients will also be able to use Deloitte to help implement measures suggested by its analysis.
Dougie McAndrew, who leads Deloitte's analytics business in Scotland, said: "By better understanding patterns and trends in data, it is possible to predict the behaviour of assets, customers and markets in a way that can really put companies ahead."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article