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Manufacturing Technology Insights | Tuesday, February 09, 2021
The advent of industry 4.0 and predictive maintenance is becoming the top business objective for today’s manufacturers.
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FREMONT, CA: Manufacturers are increasingly turning to Industry 4.0, also known as the Industrial Internet of Things (IIoT), for a superior approach. This involves generating and transmitting product behavior data, capturing the data in a single repository, and applying advanced data analytics techniques to sort through massive amounts of data and find important patterns. This pattern identification can lead to predictive maintenance, actionable insights that predict equipment failure to increase product uptime, and improve asset efficiency. Having data at the required time and at the right place is vital to success in meeting all challenges and providing maintenance technicians with optimum support.
Industry 4.0 can help to generate the information availability and processing required. Machine and sensor data is tracked and displayed in real-time, offering the basis for real-time condition monitoring. Data visualization is not limited to the control station. The same solution can be available everywhere, and it can be accessed by everyone. Industry 4.0 solutions allow manufacturers to deploy preventive maintenance in a targeted manner. Experts in the plant can continuously enhance the maintenance cycle. Maintenance professionals can continue to tweak the condition monitoring vitals as time goes by and also add parameters. The knowledge repository of maintenance, repair, and instructions can be expanded and updated, leading to continual enhancements in repair times.
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When manufacturers can prove they have scales uptime and lowered maintenance costs, they can offer a measure of predictability to their customers that can increase purchase price and be used as a strategic competitive edge. The choice to introduce digital services to customers based on data analytics can also create a recurring revenue stream and significant growth for the manufacturer. Automated notifications that remind customers when it’s time to maintenance services will both differentiate the product from others in the market and keep customers happy.
To provide these objectives, manufacturers turn to Industry 4.0, the connected devices, cloud, sensors, gateways, and other parts of Industrial Internet of Things system to collect massive quantities of data from several machines and locations, and then apply data analytics to deliver predictive maintenance insights.
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