Maintenance management can be challenging, especially without the right technology to support your operations. You have to ensure equipment is running seamlessly, maintenance tasks are performed on time, and the company runs with minimal downtime. Things become even more challenging when you have to accomplish all these needs with a limited budget. This is where theRead more
Organizations use multiple maintenance strategies to ensure the most cost-effective solution for each asset. Sometimes, companies find themselves using reactive maintenance because they’ve experienced equipment failure. Most businesses use preventative maintenance to schedule maintenance before a failure occurs. Some enterprises are also implementing predictive maintenance by deploying sensors and other IoT devices to collect data. TheRead more
According to data from Building Owners and Managers Association (BOMA), repair and maintenance costs account for 15% of a business expense. Predictive maintenance appears to be leading to a tenfold increase in ROI, with a 25%-30% depletion in maintenance costs, a decrease of 70%-75% in breakdowns, and reduced downtime of 35%-45%. Predictive maintenance has beenRead more
Field Service is turning to smart tech, IoT, machine learning, and AI to revolutionize maintenance and boost efficiency.
