IoT devices fixed into assets are being used to record variables like vibration, temperature, humidity, and flow through at a much more granular level using IoT devices fixed into assets. Combined with advances in 4G and 5G – where we now have global network coverage – connecting and feeding data back from assets and devices is now simpler.
Data from IoT devices flows into a data lake; from there, (AI is used to identify key insights and items of most concern. This insight, displayed via Power BI, offers a visual representation of where issues are most likely to arise.
The lack of Smart Maintenance can have serious consequences. For example, a crucial piece of equipment in an oil refinery malfunctions , reducing supply and causing oil and fuel prices increase. Combine Smart Maintenance and IoT, and you get near- or real-time telemetry allowing organizations to calculate time between failures.