Oil and gas
Predict and prevent machine failure using advanced analytics
Manufacturing industries are being disrupted by new trends in digitisation. Simply analysing what happened in the past is not good enough as your competitors deliver more optimal performance through predictive analytics. Organisations are seeking strategies to stay competitive and ahead of the curve. World-class manufacturers are now focusing on innovative solutions that connect people, systems, data and interconnecting business processes. Digital Predictive maintenance is revolutionising manufacturing industries allowing them real time to analyse events and create more efficient processes whilst adding value to the company and its customers.
Predictive maintenance will help companies save $630 billion by 2025, according to McKinsey
Predictive maintenance simply means maintenance is only performed when required or just before failure is likely to occur. This brings a number of benefits –
Minimising production time lost to maintenance
Optimising cost of spare parts and supplies
Extending equipment life
Fewer accidents
Increased plant safety
Minimising time equipment is being maintained
10x increase in ROI
25%-30% reduction in maintenance costs
70%-75% decrease in breakdowns
35%-45% reduction in downtime