Predictive maintenance is an asset maintenance strategy that monitors the performance and condition of the equipment when an anomaly is observed in the data during regular operation to avoid untimely failure or breakdown. It helps identify defects and deviation issues by integrating equipment with industrial IoT sensors and artificial intelligence (AI) to analyze data in a connected environment.
Predictive maintenance is mostly, but not limited to heavy asset industries like manufacturing, oil and gas, mining, etc., that use capital-intensive machines and equipment to carry out daily industrial operations. A predictive maintenance strategy along with predictive maintenance software can help leverage data and analytics and helps operation and maintenance departments know the status of the equipment.
Predictive maintenance aims to optimize maintenance resources and reduce the operational costs associated with untimely equipment breakdown. It is essential for an equipment's smooth operation, which will help with quality production and a healthy bottom line.
There are mainly three types of predictive maintenance: vibration analysis, acoustic analysis, and infrared analysis.
Predictive maintenance is only performed on machines when abnormalities are seen in data flow or when the machine signals the need for maintenance work. Below is the set of benefits of predictive maintenance:
The following are the impacts of using predictive maintenance:
A predictive maintenance program, if implemented correctly, can significantly lower the repairing cost and save time. To make predictive maintenance work, companies must follow these best practices:
A predictive maintenance program is only scheduled based on asset conditions, while preventive maintenance is more time-specific and scheduled in different time intervals to prevent equipment malfunction. Predictive maintenance uses predictive models to investigate irregular or abnormal data from equipment and schedule maintenance to correct it. Preventive maintenance involves investigating equipment performance and condition such as cleaning, lubrication, adjustments, repairs, and regularly replacing parts with a monthly, quarterly, half-yearly, or annual checkup. Predictive maintenance and preventive maintenance help improve asset reliability and reduce the risk of failures. However, both are different from each other with respect to the time of implementation of each program.
Subhransu is a Senior Research Analyst at G2 concentrating on applications technology. Prior to joining G2, Subhransu has spent 2 years working in various domains of marketing like sales and market research. Having worked as a market research analyst at a renowned data analytics and consulting company based in the UK, he holds expertise in deriving market insights from consumer data, preparing insight reports, and client servicing in the consumer and technology domain. He has a deep inclination towards tech innovation and spends most of his time browsing through tech blogs and articles, wiki pages, and popular tech channels on youtube.
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