How to reduce maintenance programme costs, improve safety and improve customer satisfaction?

How to reduce maintenance programme costs, improve safety and improve customer satisfaction? In Preventive maintenance, algorithms are used in many ways to solve their challenges.

What are the challenges?

Typical challenges faced by assets managers include:

Measurement of mechanical component fatigue
Assess electrical wiring health
How to reduce overall operating costs, but not comprise on public safety?
Risks posed by hackers & terrorists
Asset damage due to vandalism

Preventive Maintenance aims to solve these problems by acting beforehand. This is achieved by constantly monitoring the performance of critical components (usually with sensors). So, the maintenance team can be alerted that a component is about to fail. Then, the asset management team can then schedule maintenance in order to replace the failing component(s) with minimum disruption to the public, and overall lower operational costs.

Reduction of operating costs

Preventive maintenance is one of the golden nuggets of IoT. In IoT, algorithms are found everywhere. Sensors can measure if mechanical component fatigue sets in. Or measure the health of electrical wiring. These are some examples how preventive maintenance can benefit from IoT using sensors. As a result, operation costs are reduced. And even more important: devices will work safe and secure.

Security

Besides, most devices have been built while security was not an issue. With everything being connected, IoT devices are a interesting target for terrorists or other evil-doers. Prevent yourself from being hacked. And if you are being hacked, you know as soon as possible. So you can take action before the hack leads to major damage.