Alarm and event logs are an immense but latent source of knowledge commonly undervalued in industry. Though, the current massive data-exchange, high efficiency and strong competitiveness landscape, boosted by Industry 4.0 and IIoT (Industrial Internet of Things) paradigms, does not accommodate such a data misuse and demands more incisive approaches when analyzing industrial data. Advances in Data Science and Big Data (or more precisely, Industrial Big Data) have been enabling novel approaches in data analysis which can be great allies in extracting hitherto hidden information from plant operation data. Coping with that, this work proposes the use of Exploratory Data Analysis (EDA) as a promising data-driven approach to pave industrial alarm and event analysis. This approach proved to be fully able to increase industrial perception by extracting insights and valuable information from real-world industrial data without making prior assumptions.

Asset Management (AM) is quickly transforming due to the digital revolution induced by Industry 4.0, in which Cyber–Physical Systems (CPS) and Digital Twins (DT) are taking key positions in monitoring and optimizing physical assets. With more intelligent functionalities arising in industrial contexts, Machine Learning (ML) has transitioned from playing a supporting role to becoming a core constituent of asset operation. However, while the Asset Administration Shell (AAS) has become an industry standard format for digital asset representation, incorporating ML models into this format is a significant challenge. In this research, a control valve, a common asset in industrial equipment, is used to explore the modeling of a machine learning model as an AAS submodel, including its related elements, such as parameters, hyperparameters, and metadata, in accordance with the latest guidelines issued by the Industrial Digital Twin Association (IDTA) in early 2025. The main contribution of this work is to clarify basic machine learning principles while demonstrating their alignment with the AAS framework, hence facilitating the further development of smart and interoperable DTs in modern industrial environments.