Digital technology has changed the landscape of manufacturing and product creation: Internet of Things (IoT), artificial intelligence (AI), and data analytics are connecting organizations, generating data, driving more intelligent operations, and unlocking potential like never before. New skills are needed in the world of connected products and the success of innovation will depend on companies' digital capabilities. This is why the investments geared toward adoption of digital technologies, products, and services that allow companies to thrive in the fast-evolving economic environment is growing. This white paper outlines the steps necessary to implement machine learning predictive models for connected products using Altair Data Analytics solutions.