Manufacturing Downtime Cost Reduction with Predictive Maintenance - Arimo

Manufacturers often have to deal with up to 800 hours of downtime annually. On average an automotive manufacturer's TDC is 22,000 per minute; that is 1.3M per month! With the advance of predictive analytics, TDC can easily be reduced however only 14% of the manufacturing industry is taking advantage of its big data, according to a recent survey from MESA. Predictive maintenance is realized through the application of sophisticated machine learning techniques to equipment condition data collected in real-time or near real-time. It is now the new standard for reducing cost, risk and lost production in manufacturing facilities.