Today, predictive maintenance is widely considered to be the obvious next step for any business with high-capital assets looking to harness machine learning to control rising equipment maintenance costs.
The biggest initial win with predictive maintenance initiatives is cost savings. Predictive maintenance takes data from multiple and varied sources, combines it, and uses machine learning techniques to anticipate equipment failure before it happens. Many businesses are already using continuous monitoring technologies – like Internet of Things (IoT) connected devices –…
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