Why Is Predictive Maintenance Important?
“In the long run, all machines break down” is admittedly a terrible reinterpretation of a famous quote by John Maynard Keynes, the renowned British Economist. However, there is a kernel of truth in it. All machines are prone to wear and tear. In fact, a joint study by Wall Street Journal and Emerson found that unplanned downtime costs industrial manufacturers an estimated $50 Billion per year. Equipment failure is the cause of 42% of this unplanned downtime.
Sudhama Vemuri11 January 2018