Predictive maintenance is the next generation of preventive maintenance, and a trend to look out for as industry 4.0 becomes more popular. The method optimizes technical support in real-time, rather than through set schedules. It allows businesses to extend the life of their equipment and avoid more interruptions. The technique uses statistical analysis of production data to reveal patterns and predict issues. Rather than rules of thumb, it uses evidence from the actual equipment. Sensors are calibrated to set parameters to trigger alerts when machines fall out of the acceptable range. Then, technicians can schedule downtime before a failure occurs.
While the cost to adopt predictive maintenance is higher than preventive maintenance, it produces greater cost savings over the lifetime of the equipment. Implementing predictive maintenance also arms companies with accurate future predictions for manufacturers to intervene before any failure occurs, thus reducing the lead time. And these benefits are gaining all the more attention due to the latest innovations in IoT and predictive analytics. The latest advancements in IoT are enabling businesses to monitor equipment performance using any number of metrics and automating the data collection process using cutting-edge sensor technology. Companies can now even monitor and test equipment while it is in operation, which means there would be no loss of production due to equipment shutdown.
At this juncture, there is a variety of predictive maintenance services companies are available in the market that caters to the different business use cases. To help organizations choose the predictive maintenance service provider that best fits their requirement, Manufacturing Technology Insights has compiled a list of the top 10 predictive maintenance service companies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CXOs.
We present to you Manufacturing Technology Insights’, Top 10 Predictive Maintenance Service Companies – 2021