Driving Predictive Maintenance in a Connected World: IoT-Enabled Predictive Maintenance | OpenGov Asia
Powered by sensors, connectivity and smart machines, the Internet of Things (IoT) is reshaping the manufacturing and industrial processes, effectively changing the paradigm from one of ‘repair and replace’ to more of ‘predict and prevent’. In an industrial scenario, unplanned equipment downtime can be extremely costly to business. Today, manufacturers and organizations in other asset heavy verticals cannot afford to wait till a machine or equipment breaks down in order to figure out what went wrong. On the other hand, enterprises also don’t want to spend costly time and resources doing unwanted maintenance to all of their equipment and machinery without really needing to do so.