Clockwork identifies $2 billion in Increased Revenue When Optimally Investing $120 Million in Critical Capital Spares A world leader in offshore drilling contracted Clockwork to create a high fidelity drillship fleet Reliability, Availability and Maintainability (RAM) Model,…
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…
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.…
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…
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…
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…
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,…
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…
There is an enormous amount of buzz about predictive maintenance and how it can save money for manufacturers, but it’s often difficult to figure out what is and isn’t hype. Also, there are a lot of…
Predictive maintenance outperforms reactive and preventive strategies, with the U.S. Department of Energy reporting savings of 30-40% over reactive approaches and 8-12% over preventive ones. Machine learning and vibration analysis are reshaping how these programs scale,…
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…
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…