Articles tagged as Predictive Maintenance

Advanced Predictive Analytics versus Traditional Historical Forecasting
· Predictive Analytics

Advanced Predictive Analytics versus Traditional Historical Forecasting

Traditional forecasting, using historical observations estimate future business metrics such as inventory requirements, asset performance, budgets and revenue. Compared to predictive analytics, this practice fails to deliver the precision and agility required of leading enterprises and effective IoT asset management programs meeting difficult challenges. The reason for this shortfall is simple: the past does not […]

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IIoT is grabbing headlines for all the right reasons
· Connected Industry

IIoT is grabbing headlines for all the right reasons

Since the inception of the Internet of Things (IoT), a slew of connected products is emerging resulting in a drastic change in the way consumers interact with home appliances, cars, electronics, and other types of equipment. Particularly, IIoT Applications have significantly affected industrial implications and as such are being identified in the range of the […]

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Next generation analytics is doing tremendous things
· Predictive Analytics

Next generation analytics is doing tremendous things

The compelling nature of today’s highly-polished BI and advanced visualizations inflates the credibility of conclusions that appear to be supported by big data analyses. After all, if we can manage to collect and properly condition volumes of data, in varied forms, at a rapid pace, in the face of uncertainty, then the end result must […]

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IoT in Manufacturing: How will IIoT technology improve your business?
· Connected Industry

IoT in Manufacturing: How will IIoT technology improve your business?

If someone were to ask you what you were doing on Tuesday, September 11, 2001, chances are that you would be able to recall what happened in great and vivid detail. You’d remember who you were with, what you were thinking at the time, what you were feeling, and what you had planned to do. […]

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Unleash the Power of IoT-based Predictive Maintenance
· Predictive Analytics

Unleash the Power of IoT-based Predictive Maintenance

In today’s competitive industrial world, predictive maintenance (PdM) is no longer a nice-to-have; it has become a necessity. Traditional PdM methods have several limitations. However advancements in wireless, cloud and AI technology are disrupting the way PdM has been done in recent decades. Companies are making use of these technologies to offer an end-to-end, easy-to-deploy […]

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Connected sensors & machine learning – two current trends in predictive maintenance
· Predictive Analytics

Connected sensors & machine learning – two current trends in predictive maintenance

The emerging market for Predictive Maintenance (PdM) shows increasing growth as maintenance strategies move from what has been known as Condition-based Maintenance to Analytics-and IoT-enabled PdM, according to a report published this year by IoT Analytics, a leading provider of market insights for the Internet of Things. The Predictive Maintenance report forecasts a compound annual […]

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· Predictive Analytics

Choose the Right Level of Predictive Maintenance

The terms Predictive Maintenance and IoT have been intertwined and used significantly over the last several years has caused the true meaning of prediction in this context to be difficult to ascertain.  These variations or differences in what a Predictive Maintenance program is and how it is actually construed has caused Manufacturers and distributors to […]

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Humans, Machines and the Future of Predictive Maintenance
· Predictive Analytics

Humans, Machines and the Future of Predictive Maintenance

There’s no denying that advancements in artificial intelligence and machine learning are occurring faster than most experts anticipated. The era of self driving cars is just on the horizon, the Jabberwacky chatbot can convince you it’s a human, and Google’s deep dream can produce creative works of art. Advancements in networking, information processing algorithms, and […]

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Is there a Human Machine Interface for Predictive Maintenance?
· Connected Industry

Is there a Human Machine Interface for Predictive Maintenance?

Today, companies in many heavy industries such as manufacturing, power generation, oil & gas, renewables, metals, chemicals, and mining are applying predictive maintenance (PdM) techniques to their multi-million dollar global operations to reduce the costs and downtime associated with unexpected critical machine failure and damage.In many ways, a doctor-patient relationship is a good analogy to […]

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ADM show wrap up – IIoT & Predictive Maintenance
· Smart Manufacturing

ADM show wrap up – IIoT & Predictive Maintenance

The inaugural Advanced Design and Manufacturing show  & conference in Cleveland was a success according to Steven Carlisle, UBM’s Senior Manager, Relationships & Partnerships. “We managed to hit our target attendance numbers in the first day of the two days event”. Here are a few things you might have missed. Five Industries. Countless Possibilities The […]

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