Predictive maintenance in industry 4.0: applications and advantages

Machines play a huge role in our lives, including the machines we use every day, but without maintenance, every machine will eventually break down. Companies follow various maintenance programs to increase operational reliability and reduce costs. Maintenance is the set of operations necessary to preserve the functionality and efficiency of an asset and can take place in response to a failure or as a previously planned action. According to research conducted by Deloitte, a non-optimized maintenance strategy can reduce the production capacity of an industrial plant by 5 to 20%. Recent studies also show that downtime costs industrial manufacturers about 45 billion euros a year.