Low-cost, low-effort, peripheral digital solutions -"Shoestring solutions" -are vital for enabling manufacturing industries, especially Small and Medium Enterprises (SMEs), to digitalize their processes. These solutions enhance efficiency, decision-making, and customer service within SMEs. By including analytical features, SMEs can gain valuable insights into their operations and customer behaviors without the need for expensive investments. However, the wide array of operations, processes, data, sensors, and tools in industries presents a challenge in selecting reusable analytical tools that function across various domains. Commercially available tools often require extra features and skill sets that are beyond the reach of most SMEs. This work begins by studying commercially available industrial analytical suites and the general types of analytics applicable to industries. It then outlines typical industrial data sources and the information they produce. A focused approach towards developing a "Shoestring" analytics approach is adopted, considering only sensor-generated data. We provide a general template for creating a modular, reusable, and scalable analytics service module that integrates with existing "Shoestring" service modules. Two fundamental analytics pipelines, basic (P1) and intermediate (P2), are proposed within our template. Finally, we demonstrate an initial version of a modular, reusable, reconfigurable, low-cost, and low-effort analytics toolchain (or Shoestring service) through a case study of industrial energy monitoring using half-hourly energy data.