From the Internet of Things (IoT) sensors generating the data to artificial intelligence (AI), machine learning, and computerized maintenance management system (CMMS) capabilities, predictive maintenance is no longer a pie-in-the-sky concept. With U.S. Department of Energy statistics showing that predictive maintenance can deliver a 35% to 45% reduction in equipment downtime, implementing predictive maintenance is imperative to stay competitive in Industry 4.0.
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