Leveraging Data Science to tame the Maintenance Monster in the Digital age Machine Learning Analytikus United States

There is only one answer and that is asset performance visibility.Management thinker Peter Drucker once said, "you can't manage what you can't measure." You can't improve reliability or performance unless you have complete visibility with respect to asset performance. In the past, industry professionals spoke about asset visibility more in terms of tracking the physical location of critical assets. But in the digital age, it is possible to monitor location, status, and performance in real time.The business benefits of the asset visibility program are not limited to productivity and safety; they are more about reliability and profitability. The benefits could be as high as a 7% improvement in return on assets (ROA) and 11 % improvement in overall equipment effectiveness (OEE).