5 steps to create value from asset condition signals through Predictive Maintenance Policies

Why now?

Maintenance issues increase downtime, disrupting production and supply chains. Even though traditional maintenance approaches could mitigate this effect, it would end in ineffective efforts, loss of productivity, high deviation from the maintenance forecast budget and increase in the cost of maintenance. Today, reliability plays a key role in a company’s competitive performance.

This paper will be covering some of the new trends in the maintenance area, giving advice on the best approach to build a robust system around maintenance and providing well defined steps to create a Predictive Policy, balancing the various tradeoffs you’ll encounter along the path to predictive maintenance and be one step closer to Industry 4.0.