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Is predictive maintenance the ‘killer app’ of Industrial IoT?

Once headlined as the ‘killer app’ for IIoT, predictive maintenance has taken a while to find its feet, but progress has in fact been sure and steady, with some standout examples of successful niches.

In 2016 predictive maintenance was touted as one of the key applications for IIoT. Even in 2018, analysts such as Gartner made strong predictions of future success. Gartner predicts that by 2022, spend on IoT-enabled predictive maintenance would increase to $12.9 billion, up from $3.4 billion in 2018, with improved operational efficiencies through predictive asset maintenance leading to substantial savings of up to 40%.

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