The 5 Things You Need to Improve Asset Performance with the IIoT
Industry 4.0 and IIoT technologies are revolutionizing Asset Performance Management (APM). This transformation is bringing about the intersection of APM and Industry 4.0 – a development that LNS Research has coined “APM 4.0” . APM 4.0 leverages the IIoT to improve asset performance and put the asset at the forefront of the business. But what’s actually required to implement APM 4.0? LNS Research has laid out five essential elements to implementing APM 4.0 : 1. Prescriptive Analytics The use of advanced analytics to extract actionable insights from industrial big data is a critical step in APM 4.0. Using a predictive maintenance solution to provide early warnings of equipment and asset failure before these issues affect the business dramatically improves asset performance and reliability. In addition, predictive maintenance empowers operators with actionable insights, so they can identify the source of problems faster, without having to dig through huge volumes of raw data. On top of...