Smart Predictive Maintenance accelerates the maintenance journey and has potential to increase machine availability and visibility across an entire asset network.
New techniques can improve plant throughput
Maintenance professionals today can face a number of issues, often including outsourcing, cost cutting, scarcity of experienced labor and increasing complexity of equipment. Whatever the challenge, maintenance and reliability professionals share a common goal – to maximize machine availability. Yet traditional maintenance programs can only take you so far. In fact, machine failures go well beyond statistical time-based failure. Recent studies show that only 20 percent of machine failures are time-based, while the other 80 percent of failures occur either in the infant mortality startup phase or most often due to random or unknown failure.1 But truly, no failure is random, only that the root causes have gone unidentified. Modern maintenance techniques can help detect impending failures before they happen with typically more accuracy than time-based approaches. For manufacturers, exceptional asset maintenance can be a strategic differentiator in improving a plant’s throughput, efficiency, quality and safety.
In the first two posts in this series, we looked at some of the surprising ways the extended global automotive industry is transforming into a new mobility ecosystem and offered a glimpse at one way we might use that ecosystem for faster, safer, cleaner, and more efficient travel.
“Advanced technologies” is not a new topic within manufacturing conversations. From the birth of mass automation to the creation of the first 3D printed car, innovative technologies and approaches are continually disrupting the manufacturing industry. But there’s a case to be made that today’s emerging technologies represent an order-of-magnitude shift and will fundamentally transform the manufacturing industry, as the digital and physical worlds collide in this fourth industrial revolution, more rapidly than most would predict.
Manufacturing history is a study in evolution, as industry has quickly adopted and adapted to new technologies, from power generation and electrification to automation and the digital age. That’s why the way that cars and other products are manufactured today looks very different than it did when Eli Whitney first developed a simple production line based on interchangeable parts used in the manufacturing of muskets.
Hype and heightened expectations about how Industry 4.0 can help chemicals companies accelerate business growth and optimize operations is prompting executives to think through the advanced technologies they could implement within their company and with their partners in the value chain.