Application Study: Predictive Maintenance
Published on May 8, 2023
Consumer electronics have advanced significantly in recent years, resulting in the integration of processing and connectivity features into industrial equipment. This has led to the creation of the Industrial Internet of Things (IIoT) and increased intelligence in devices like pumps, motors, generators, and more. Reliable maintenance is crucial, as downtime can cost millions of dollars per hour. Predictive maintenance, enabled by data from sensors and monitoring equipment, can save Fortune 500 companies an estimated $970 million in productivity and maintenance costs.