Predictive Maintenance is a popular application of predictive analytics that can help businesses in several industries achieve high asset utilisation and savings in operational costs.
Predictive Maintenance (PdM) directly monitors the condition and performance of assets during normal operation to reduce the likelihood of failures. It seeks to predict when maintenance is required; maximising the lifespan of an asset; reducing costs; and mitigating against unplanned breakdowns. Following a PdM approach requires real time monitoring of machines and components. Maintenance is then performed when issues, which are expected to impact future performance, are detected.
PdM can be complex, but brings significant benefits
Moving from the basic approach of Corrective / Reactive Maintenance (fix on failure) through Preventive / Planned Maintenance (maintenance and repair on a schedule based upon expected component lifespan) towards Predictive Maintenance can take time and increase overall complexity but the significant benefits offered make this a journey worth pursuing.
There has been a significant growth in interest in Predictive Maintenance over the last 18-24 months and there is a wealth of resources available from a wide range of technology, engineering, and consultancy companies who have developed and/or implemented PdM solutions.
Do you think that your business could benefit from a PdM solution, but you don’t know where to start?
We have put together a Predictive Maintenance guide to help lead you through the process, and we can provide advice and assistance at each stage of your journey either directly or through our network of industry and academic partners.