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Predictive Maintenance: Achieving Level 4 Maturity

Navigating the maturity level of your predictive maintenance model could help you identify the new requirements of your business to utilize the data more effectively. Check out the post to explore more about predictive maintenance maturity level and how you can improve on the levels to increase your operational effectiveness.

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Predictive Maintenance: Achieving Level 4 Maturity

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  1. PredictiveMaintenance: Achieving Level 4 Maturity

  2. What is predictive maintenance? Itisatypeofcondition-basedmaintenancethat usespredictivealgorithmsfromequipment’s sensorstopredictsystemhealthandthe possibilityoffuturebreakdowns.

  3. PwCidentifies4 levelsofmaturity inpredictivemaintenancebased ontheincreaseindatathat companiesusetopredictfailures.

  4. Level 2&3 Level 1 Level 4 Instrument inspections Real-timecondition monitoring Visual inspection Bigdataanalytics todrivedecision making

  5. Level4istheconflationofIoTandmachinelearning techniquestogeneratevastamountsofdataand thenuseittoidentifymeaningfulpatternsand generateactionableinsightstoimproveasset availability.

  6. AccordingtothesurveyconductedbyPwC, mostmanufacturingcompaniesareatthe Level1and2.

  7. 11% “Only11% havealreadyachievedlevel4.”

  8. Companiesuseacombinationofresources, capabilities andtoolstoachievelevel4maturitylevels. Resources Tools Capabilities

  9. Keyelementsofthecombinationareskilledtechnicians, standardsoftwaretoolsandmaintenancelogs. Maintenance Logs Skilled Technicians Software Tools

  10. Goingastepfurther, afewofthemrelyon “reliabilityengineers anddatascientists, statisticalsoftwarepackages, and externalsources.” Reliability Engineers Data Scientist StatisticalSoftware Packages External Sources

  11. Mostrespondents, accordingto PwC, are “quiteambitiousabout improvingtheirpredictive maintenancematurity.”

  12. Uptimeimprovementisthekeyreasonthey sayforachievinglevel4maturityin predictivemaintenance.

  13. Otherreasonsarecostreductions, lifetime extensionforagingassetsandthereduction ofsafety, health, environmentandqualityrisks.

  14. Theymentioned “availabilityofdata” asa criticalsuccessfactor “followedbytechnology, budget, andculture”.

  15. LearnhowFieldCirclecanhelpyoubuildon thesecriticalsuccessfactorstomakeyour predictivemaintenanceplanworkforyou. Visitwww.fieldcircle.comformoreinformation.

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