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Predictive Maintenace IoT, Solutions and Services
Why Predictive Maintenance?
Predictive Maintenance would help reduce downtime by a significant amount. It would increase the life cycle of assets by providing pre-determined maintenance alerts to reduce actual asset damage. It would help increase machine efficiency by making sure assets are functioning in nominal conditions. Resource Management of spare parts/machine parts would become easier with pre-active maintenance alerts. Helps improve the supply chain by making efficient maintenance checks. Proactive maintenance means all maintenance checks happen proactively avoiding redundancies and complete failures.
Predictive Maintenance on Industry 4.0
Predictive maintenance for industry 4.0 is a method of preventing asset failure by analyzing production data to identify patterns and predict issues before they happen. Factory managers and machine operators carried out scheduled maintenance and regularly repaired machine parts to prevent downtime. In addition to consuming unnecessary resources and driving productivity losses, half of all preventive maintenance activities are ineffective. It is not a surprise, therefore, that predictive maintenance has quickly emerged as a leading Industry 4.0 use case for manufacturers and asset managers. Implementing industrial IoT technologies to monitor asset health, optimize maintenance schedules, and gaining real-time alerts to operational risks, allows manufacturers to lower service costs, maximize uptime, and improve production throughput.
How can OEMs offer new customer Service with Faststream's Predictive maintenance solutions?
Faststream Technologies Predictive maintenance offers OEMs a business value proposition to offer data-driven customer services and get recurring revenue in return. With Predictive Maintenance services, companies can build a subscription model for customers to access dashboards or reports that will improve their OEE and reduce maintenance costs. Additional opportunities for services can be found in dispatching technicians for repairs, setting up alert systems, and shipping parts that need replacement ahead of failure.
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