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Predictive Maintenance

by Subhransu Sahu
Predictive maintenance is a technique to check equipment conditions and predict failure by leveraging real-time data and insights. Our G2 guide can help you understand predictive maintenance and its benefits.

What is predictive maintenance?

Predictive maintenance is an asset maintenance strategy that monitors the performance and condition of the equipment when an anomaly is observed in the data during regular operation to avoid untimely failure or breakdown. It helps identify defects and deviation issues by integrating equipment with industrial IoT sensors and artificial intelligence (AI) to analyze data in a connected environment.

Predictive maintenance is mostly, but not limited to heavy asset industries like manufacturing, oil and gas, mining, etc., that use capital-intensive machines and equipment to carry out daily industrial operations. A predictive maintenance strategy along with predictive maintenance software can help leverage data and analytics and helps operation and maintenance departments know the status of the equipment.

Predictive maintenance aims to optimize maintenance resources and reduce the operational costs associated with untimely equipment breakdown. It is essential for an equipment's smooth operation, which will help with quality production and a healthy bottom line.

Types of predictive maintenance

There are mainly three types of predictive maintenance: vibration analysis, acoustic analysis, and infrared analysis.

  • Vibration analysis: Vibration analysis tracks abnormal or irregular vibrations in components,  machines, or equipment that may fail. It is primarily implemented in heavy asset-based industries like manufacturing plants, mining, shipbuilding, etc. Computer program algorithms analyze data collected through vibration tests. Then, vibration analysts identify and correct impending anomalies like looseness, unbalance, misalignment, and lubrication issues in the component.
  • Acoustic or sonic analysis: This method uses sound waves to identify the changes in frequency caused by the component malfunction. It is mostly used in rotating equipment, motors, etc., where the component emits sounds on malfunction. Acoustic analysis is done in an environment free from background noise, and the data collected is deeply analyzed to find patterns in the wavelength. Depending on the degree of malfunction, corrective measures are taken.    
  • Infrared analysis: It is one of the most cost-effective methods of predictive maintenance where the temperature is taken into account to identify faults in the machine. It is mainly used for electronic assets where heat, undetected energy loss, and motor stress are investigated to find the source of the problem and correct it. Infrared data can be collected by integrating all equipment into one central system where the analysis can be done using the software. It is the easiest among other techniques, as it doesn’t involve physical contact with the equipment.

Benefits of using predictive maintenance

Predictive maintenance is only performed on machines when abnormalities are seen in data flow or when the machine signals the need for maintenance work. Below is the set of benefits of predictive maintenance:

  • Optimize maintenance costs: Predictive maintenance techniques make the most of the allocated maintenance cost. It is only performed on selected equipment where a future malfunction is predicted by data and signals for a maintenance job.
  • Eliminate sudden breakdowns: This approach reduces the chances of implementing reactive maintenance as all the malfunctions and breakdowns are predicted. Operation and maintenance managers use predictive algorithms on data to see what part of the machine needs care, when, and at what time.
  • Enhance asset lifespan: Predictive maintenance approach in the organization helps enhance the lifespan of the equipment. The performance of equipment is closely monitored. Hence, it is less prone to breakdown and provides a good return on investment (ROI).

Impacts of using predictive maintenance

The following are the impacts of using predictive maintenance:

  • Reduces chances of equipment failure: Predictive maintenance acts supremely over preventive maintenance and reactive maintenance, reducing the chances of equipment failure to a great extent. 
  • Allows for best ROI: Manufacturers and business owners get the most value out of investing in predictive maintenance as it helps get the best ROI. 
  • Cuts costs and saves time: IoT sensors and artificial intelligence helps extract valuable data and allows maintenance to be performed only when required, assisting facilities in cutting costs, saving time, and maximizing resource utilization. 
  • Helps achieve a healthy bottom line: A healthy bottom line can be achieved by implementing a well-formulated predictive maintenance strategy.

Predictive maintenance best practices

A predictive maintenance program, if implemented correctly, can significantly lower the repairing cost and save time. To make predictive maintenance work, companies must follow these best practices:

  • Data collection through IOT sensors: Predictive maintenance programs need a huge amount of data to be analyzed and put into robust predictive models to derive accurate solutions. The data source is the equipment in a facility where the program is implemented. It is necessary to use IoT sensors to collect temperature data, vibration data, oil analysis data, alarm data, etc., and check these sensors from time to time to avoid discrepancies in data collection methods.
  • Personnel selection and training: Predictive maintenance has a very slow adoption in the industry due to its overall solution complexities. It requires a team of experts with different skill sets to operate the whole system. Regular training is also essential to stay updated with the technological changes and innovations in the system. It requires personnel with experience in equipment maintenance, data analytics, IoT specialist, and operation analyst with skills in different types of predictive maintenance techniques.
  • Measuring program success: It is essential to measure the success or failure of the predictive maintenance program and adopt a continuous improvement mindset to make it work. A predictive maintenance program involves collecting data, identifying PdM metrics, identifying PdM goals, choosing the right skills, using correct models for analysis, measuring outcomes, and communicating outcomes to the target audience in the organization. Measuring each metric and process helps identify shortfalls and helps take corrective action in the next cycle.

Predictive maintenance vs. preventive maintenance

A predictive maintenance program is only scheduled based on asset conditions, while preventive maintenance is more time-specific and scheduled in different time intervals to prevent equipment malfunction. Predictive maintenance uses predictive models to investigate irregular or abnormal data from equipment and schedule maintenance to correct it. Preventive maintenance involves investigating equipment performance and condition such as cleaning, lubrication, adjustments, repairs, and regularly replacing parts with a monthly, quarterly, half-yearly, or annual checkup. Predictive maintenance and preventive maintenance help improve asset reliability and reduce the risk of failures. However, both are different from each other with respect to the time of implementation of each program.

To see how leading platforms support predictive maintenance and broader operational efficiency, explore the top facilities management software
designed to monitor assets, automate maintenance, and extend equipment lifespan.

Subhransu Sahu
SS

Subhransu Sahu

Subhransu is a Senior Research Analyst at G2 concentrating on applications technology. Prior to joining G2, Subhransu has spent 2 years working in various domains of marketing like sales and market research. Having worked as a market research analyst at a renowned data analytics and consulting company based in the UK, he holds expertise in deriving market insights from consumer data, preparing insight reports, and client servicing in the consumer and technology domain. He has a deep inclination towards tech innovation and spends most of his time browsing through tech blogs and articles, wiki pages, and popular tech channels on youtube.

Predictive Maintenance Software

This list shows the top software that mention predictive maintenance most on G2.

IBM Maximo Application Suite is the cornerstone of asset lifecycle management, offering a unified suite of asset maintenance, inspections, and reliability applications that puts data and AI to work. IBM Maximo brings AI, IoT data, automation, and real-time data visualization to drive informed decision-making, remotely monitoring operations, managing asset health, and conducting preventive and predictive maintenance.

SAP Predictive Asset Insights is a cloud-based solution designed to enhance asset management by integrating Internet of Things sensor data with advanced analytics and machine learning. This integration enables organizations to monitor equipment health in real-time, predict potential failures, and implement proactive maintenance strategies, thereby reducing unplanned downtime and optimizing asset performance. Key Features and Functionality: - Comprehensive Asset Visibility: Provides a holistic view of assets by consolidating master, transactional, performance, and IoT sensor data into a single predictive tool, enhancing visibility and management capabilities. - Intuitive Machine Learning: Utilizes scalable machine learning algorithms to detect anomalies and predict equipment failures without requiring data scientist intervention, streamlining the predictive maintenance process. - Advanced Analytics: Offers in-depth insights into failure modes and leading indicators through specialized analytical capabilities, supporting informed maintenance decisions. - Digital Twin Simulations: Employs digital twin technology to simulate and analyze asset behavior over time, facilitating virtual assessments and proactive maintenance planning. - Risk Estimation and Evaluation: Assesses and estimates risks to select appropriate reliability methodologies, enhancing team productivity and maintenance effectiveness. - AI-Based Predictive Maintenance: Determines equipment failure curves and estimates remaining useful life using AI, enabling timely interventions and resource optimization. Primary Value and Problem Solved: SAP Predictive Asset Insights addresses the critical need for organizations to improve equipment reliability, performance, and safety while controlling costs. By leveraging real-time sensor data and advanced analytics, PAI enables predictive maintenance, reducing unplanned downtime and maintenance expenses. This proactive approach not only enhances asset availability but also extends equipment lifespan, ensuring optimal operational efficiency and a higher return on investment.

RapidMiner is a powerful, easy to use and intuitive graphical user interface for the design of analytic processes. Let the Wisdom of Crowds and recommendations from the RapidMiner community guide your way. And you can easily reuse your R and Python code.

Dataiku is the Universal AI Platform, giving organizations control over their AI talent, processes, and technologies to unleash the creation of analytics, models, and agents.

KEPServerEX is an industrial connectivity platform providing a single source of industrial automation data between devices and applications. Users can connect, manage, monitor, and control diverse automation devices and applications through a single user interface. KEPServerEX leverages OPC and IT-centric communication protocols (e.g., MQTT, REST, web services, etc.) to provide users with a single source for industrial data. KEPServerEX is Windows OS compatible.

Fiix offers the following features: work orders, preventative maintenance, rotating assets & spares, MOR inventory management, and API connections.

A cloud based maintenance management software (CMMS) and enterprise asset management (EAM), available from any place or device.

MVP One is a computerized maintenance management system (CMMS) software package, also known as an enterprise asset management (EAM) system or a facilities asset management system (FAMS).

H2O is a tool that makes it possible for anyone to easily apply machine learning and predictive analytics to solve today's most challenging business problems, it combine the power of highly advanced algorithms, the freedom of open source, and the capacity of truly scalable in-memory processing for big data on one or many nodes.

UpKeep is a mobile and desktop applications that helps streamline the work flow process so the team knows exactly what to do and when - resulting in reduced cost and increased uptime for your assets.

Amazon SageMaker is a fully-managed service that enables developers and data scientists to quickly and easily build, train, and deploy machine learning models at any scale. Amazon SageMaker removes all the barriers that typically slow down developers who want to use machine learning.

eMaint's line-up of CMMS maintenance software programs gives you the visibility to see your important activities more clearly - ahead of decision points and risks - and leaving nothing to chance.

ExoSense enables users to monitor equipment status and performance, manage user and asset groups, build tailored insights and dashboards, and define alerts and notifications. Customized and deployed without the need for a software developer, ExoSense enables customers to see immediate value from the Murano platform with no coding experience required.

MaintainX is a mobile-first workflow management platform for industrial and frontline workers. We are a modern IoT-enabled cloud-based tool for maintenance, safety, and operations on equipment and facilities.

SPREADSHEETS supports XLS, XLSX and CSV files. This means you can open and edit spreadsheets from others, and then save them right from WPS office knowing others will be able open them without any issues.

With Seeq, you and your team can rapidly investigate and share analyses from operations and manufacturing data sources to find insights and answer questions. Designed specifically for analyzing process data, Seeq works across all verticals with time series data in historians or other storage platforms.

AMFG is the trusted partner for businesses seeking to expand their operations and embrace digital transformation. Established in 2014, our humble beginnings were rooted in helping smaller businesses optimize their time and reduce costs, a mission we are still proud to pursue. Since then, and with the backing of leading investors, we’ve evolved into the catalysts for automation in the industry, pioneering autonomy for Manufacturing. We empower global enterprises to achieve unprecedented levels of innovation across their manufacturing processes. Established in 2014, our humble beginnings were rooted in helping smaller businesses optimize their time and reduce costs, a mission we are still proud to pursue. Since then, and with the backing of leading investors, we’ve evolved into the catalysts for automation in the industry, pioneering autonomy for Manufacturing. We empower global enterprises to achieve unprecedented levels of innovation across their manufacturing processes. With our award-winning MES boasting machine connectivity and cutting-edge software integrations, we enable businesses to transform their operations, streamlining processes across organizations and supply chains. With customers in 25 countries and offices in the US, UK and Europe, AMFG is a global leader in digital manufacturing. We partner with a range of companies from five-man job shops to blue chip OEMs including Volvo, HP and ArcelorMittal. Transforming the manufacturing landscape, AMFG leads the charge in automation’s adoption, propelling the industry into a new era of unparalleled efficiency and sustainability.

Aiwozo is an Intelligent Process Automation platform that integrates the traditional Robotic Process Automation (RPA) capabilities with Artificial Intelligence (AI) to achieve a higher degree of automation. It’s ease-of-use allows organizations to adopt the new technology much faster with minimal or no technical support. The integration of AI with RPA empowers the automation with judgment-based capabilities, using the Cognitive Capabilities of AI like Natural language Processing (NLP), Machine Learning, and Speech recognition. The Aiwozo Enterprise platform consists of three main components: Aiwozo Studio: The non-intrusive reliable nature of Robotic Process Automation (RPA) requires a tool that can model business processes regardless of complexity. Aiwozo Studio is a powerful and user-friendly tool that enables automation of business processes using Artificial Intelligence (AI) capabilities. It contains pre-built activities, integrates with several programming languages, and promotes ease-of-use, simplicity, and efficiency. It helps in developing bots within a short period due to its drag-and-drop capabilities. Aiwozo Workzone: Acts as a centralized control mechanism for Aiwozo and all of its components. It provides state-of-the-art reporting and monitoring capabilities, where one can supervise and control the bots and processes from anywhere, using the cloud-based feature of Workzone. Workzone is a one-stop interface for starting, stopping, adding, fixing issues, and changing priorities of the bots. Aiwozo Bot: TheAiwozo Bot is an essential component of the Aiwozo platform. It is responsible for executing the automation workflows that are designed in Aiwozo Studio, and controlled and managed by the Aiwozo Workzone. The Aiwozo Bot software is installed in the target system on which the workflow has to be executed. It acts as a connection between the Workzone and the target system for executing the workflow. For more information, visit www.aiwozo.com