There are multiple approaches that can be taken to maintenance. However, predictive maintenance is certainly a method that’s continuously gaining traction as the world of AI (Artificial Intelligence) and ML (Machine Learning) technologies drive it forward.
There are countless benefits associated with predictive maintenance:
1. Reduced equipment costs. The first and biggest benefit of predictive maintenance is its ability to reduce equipment costs. Instead of addressing a problem once something becomes broken or reaches the point of critical failure, predictive maintenance gets small issues addressed sooner. This extend the life cycle of the equipment and also saves money by increasing uptime.
2. Reduced labor costs. The next benefit also has to do with finances. Since predictive maintenance allows a company to schedule repairs when (and only when) they’re needed, they save on both last-minute emergency calls and they’ll also save money on “regularly scheduled” maintenance that might not always be necessary.
3. Increased uptime. By preventing problems before they occur, companies save immense amount of money through decreased downtime. That means improve employee productivity and increased efficiency for every on-the-clock worker.
In addition to the above, many factors combine to also bring other benefits to the table, including increased employee safety and increased overall revenue for the company.
Countless companies have already adopted this technology as a new standard, and this trend is only expected to continue as it becomes more effective and accessible for small and medium-sized companies as well.
Prodsmart can be a powerful tool to support your Predictive Maintenance Strategy. Sign up now and find out how you can give you an insight over the status of all your machines, set alarms for downtimes and other useful features you will love.
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