Published on 05/30/2017 | Technology
Your assets are the heart of your business. But are you fully utilizing insights to optimize your preventative maintenance practices? With maintenance budgets running in the millions of dollars for many enterprises, the potential return on investment from the optimization of preventive maintenance can be significant. Many organizations that depend on physical assets to achieve their mission follow a mantra of never fail as a maintenance strategy. Yet operational and capital budgets are tightening, forcing companies to find creative ways to achieve higher levels of availability. They also must reduce unplanned corrective maintenance, while maximizing ROI for limited funding by strategically deploying preventive maintenance.
Technology has rapidly evolved to help asset managers with this dilemma. Deploying and connecting sensors has become far less costly, and asset management and analytics software can make sense of large volumes of data. IBM works with thousands of asset-centric companies—across all industries—and believes that by monitoring asset health and taking action on data from assets, companies can vastly improve how they conduct maintenance. In doing so, they will achieve much better ROI on their preventive maintenance efforts.
You can read and download the original report on IBM here
