Today, forward-looking manufacturers rely on predictive maintenance to go beyond preventative and regularly scheduled maintenance, ensuring production quality and maximizing value at every step of the process. Driven by predictive analytics, this leading-edge capability is helping manufacturers reach new standards of quality and save money by minimizing downtime from unscheduled maintenance, practically eliminating unnecessary maintenance and providing superior forecasting of warranty accruals.
Basis of Predictive Maintenance
The basis of predictive maintenance is powerful predictive analytics software, which gathers information in real time from a variety of sources, including maintenance logs, performance logs, monitoring data, inspection reports, environmental data and even financial data. The software can detect even minor anomalies or failure patterns from this structured and unstructured data to determine the areas of greatest risk. It then proactively directs resources towards those areas before risk becomes reality.