Industrial IoT isn’t a new concept. It’s simply an abstraction of Internet of Things in the manufacturing industry and includes concepts such as big data and machine learning. When combined with analytics, IIoT can greatly enhance maintenance strategies. IIoT-enabled remote asset tracking for instance can take into account a plethora of parameters, and monitor them in a cost-effective & accurate manner. Put advanced analytics on top, and you have for yourself a system that can carry out detailed analysis and suggest ways through which efficiency may be improved. All in all, the maturity of the maintenance system will prosper, and soon, it would move along the line to a more advanced level.
These are the major stages of maturity of any maintenance system. As the system gains maturity, the business starts to gain greater profits and reduced costs. The benefits come in the form of, on-time shipments, customer satisfactions, quality, inventory-check, etc. all of which can greatly boost the company’s standing in the market.
But before progress can be made along this line, the industrial world should stand united on the definition of maturity. IIoT has highlighted this problem and a recent review has uncovered that advanced maturity levels have several inconsistencies. There is no standard to follow, which creates confusion and ultimately delays in development of solutions.
Expanded Maintenance Maturity Model
An ARC Report in 2015 published the Asset Management Maturity Model in 2015, and classified maintenance into five maturity levels. These levels or stages brought a lot of much-needed standardization in the world of maintenance models.
Starting from the bottom:
Increasing the system’s maturity to such a level involves greater investment and technical knowhow, but the model can positively contribute to the business in the long-term. There would be no unexpected shutdowns, and as a result no loss of resources rectifying the faults, which would only add to lost revenue.
Benefits of Higher Maturity
Up to 50 percent savings have been reported by users who’ve moved from reactive approaches to prescriptive ones.
In terms of maintenance, the Prescriptive approach has brought:
Predictive and Prescriptive maintenance has the tendency to bring near-zero unplanned downtime to your mission-critical assets, which can create a ripple effect in the executive world leading to greater revenue, higher customer satisfaction and better risk mitigation.
Industrial IoT can provide the essential technologies required to drive to higher maintenance maturities, and allow organizations to automate their systems. Robust communication is a precursor to such maturity levels as real-time relaying of sensory information would only be possible if the communications are fast, safe and error-free. IT resources would have to be greatly engaged for the development of such a system, and the scope of the project may get bigger over time, but the continual benefits reaped would outweigh the costs.
Premier Automation offers industry specific technology solutions to help our customers increase their industrial productivity, efficiency and overall systems performance.
Interested in learning more about Premier Automation?