Shownotes
Learn about the five benefits of IIoT in Industry 4.0
1. Reduced Maintenance costs and response time
Predictive analytics can provide a real-time picture of the state of your equipment. This allows you to conduct maintenance only when the equipment needs it and not before. Analyzing historical information means that you can have a better picture of maintenance parts to keep on hand to reduce response time. Also, a great business value add.
2. Condition monitoring on a real-time basis
IIoT will allow you to monitor off-site equipment. Imagine being able to remotely monitor elevators and understand when the best time is for them to be taken out of service with minimal interruption to the customer.
3. Predictive maintenance and improved TPM
Because you will have real-time monitoring this will let you know when the best time is to conduct preventive maintenance to minimize downtime.
4. Increased visibility into asset performance
Lifetime analysis of an asset provides you with a picture of how that asset had performed over its lifetime. Consistent repairs, outages, and trouble tracking can lead to better warranty claims and service.
5. Increased asset life
If we do a better job of deploying preventive maintenance, generate a clearer picture of asset usage and breakdowns, we can make decisions that will lead to increased asset life.
More show notes are here
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