Martyn Williams, managing director of industrial automation software expert Copa-Data UK, discusses how machine builders can use predictive analytics to minimise the maintenance and downtime costs of their products
The cost of production downtime varies significantly from one industry sector to another, but without a doubt, when it occurs, downtime is a troublesome and expensive inconvenience for all manufacturers.
More often than not, halts in production could be avoided, so imagine just how much manufacturers could save if machine data was available to anticipate breakdowns.
The good news for industry is that the rise of the Internet of Things (IoT) is allowing machine builders to design and manufacture intelligent machines with predictive analytics capabilities. [Read more…] about The potential of predictive analytics for machine builders