Go Big on IoT Value with Preventive Maintenance
By combining connected sensors, analytics, and machine learning, preventive maintenance brings together the elements you need to maximize IoT value.
This series describes four fast paths to an assured payback on your Internet of Things (IoT) investment. We began with How to Get Started with IoT, and have so far discussed the first three fast paths to value: Connected Operations, Remote Operations, and Predictive Analytics.
In this final installment, we’ll look at the fourth proven fast path to value, Preventive Maintenance, where you not only predict potential issues but can also prevent them from happening.
Imagine you’re standing in a sprawling open pit mine. It’s in the middle of nowhere, two miles across, one mile deep, and specked with 45 gigantic autonomous trucks hauling iron ore out of the pit. Each wheel on those trucks towers over a person standing on the ground, and each pair of tires costs $100,000. Read more…