Keeping fleet, machinery, and other assets working efficiently is a common challenge among equipment manufacturers; engineering, procurement, and construction (EPC) companies; and power and process plant owners and operators. All the more complicated is simultaneously reducing costs of maintenance and time-sensitive repairs. Aggressive time-to-market for industrial products and services make it even more critical to identify the cause of potential faults or failures before they have an opportunity to occur.
Emerging technologies, like the Internet of Things (IoT), big data analytics, and cloud data storage, are enabling more vehicles, industrial equipment, and assembly robots to send condition-based data to a centralized server, making fault detection easier, more practical, and more direct.