Predictive maintenance to improve asset efficiency
Equipment manufacturers, engineering, procurement and construction (EPC) companies, and power and process plant owners and operators commonly face the challenge of keeping their fleet, machinery, and other assets working efficiently, while also reducing the cost of maintenance and time-sensitive repairs. Considering the aggressive time-to-market required for industrial products and services, it is crucial to identify the cause of potential faults or failures before they have an opportunity to occur. Emerging technologies like the Internet of Things, big data analytics and cloud data storage are enabling more vehicles, industrial equipment and assembly robots to send condition-based data to a centralized server, making fault detection easier, more practical and more direct.