Gone are the days when a well-trained manufacturing employee can foresee machine maintenance. A study of common failure patterns by ARC Advisory Group found that 82 percent of failure types are random and only 18 percent are predictable and preventable with traditional maintenance methods.
Manufacturers need a new form of intelligence, which gives direct visibility into asset health. By using sensors that connect to gateways and a data center or cloud solution, predictive analytics can be used to predetermine when equipment, inventory, and finished goods will fail or need maintenance.
Predictive maintenance solutions enable more effective supply chain management and reduce operating expenditures. On average, manufacturing companies experience up to 800 hours of unscheduled downtime every year. The hazy nature of this situation can cost both time and money. Predictive analytics can be a solution. With the integration of analytics platforms and sensors, equipment failure can be predicted and prevented before a serious problem occurs.
The costs of downtime and unreliable equipment can result in millions of dollars of losses in mere minutes. Luckily, Intel has been working with predictive analytics in our own facilities for decades, and we know what to expect. The Intel IoT Platform is an end-to-end reference architecture that can extract and transmit data from connected equipment straight to where it needs to go. Real-time analysis can keep breakages and delays to a minimum, informing your employees when they are coming.
Taking the first step is easy and offers a high return on investment. Analytics can allow for a better QA process, increases in throughput, productivity, and uptime, and a reduction in inventory costs and warranty claims. Predictive maintenance is just one example of how connected manufacturing can deliver significant benefits to the factory floor.
Fear of ever-rising technology costs can often hamstring product adoption. The Intel IoT Platform has the flexibility for different cost structures, and works with a variety of solutions from independent providers and OEMs. On top of that, each iteration of platform technology maintains backwards compatibility and interoperability with previous generations. In short, Intel is the best choice for scalable IoT solutions that provide serious ROI and performance, on the edge or at the hub.