What Good Is The Data If You Don’t Know What To Do With It?
As maintenance, reliability, and asset management professionals, we are in an amazing time. Â We can collect virtually limitless amounts of data on the condition of our assets. Â With this data, we can determine the exact condition of the assets, predict when the next failure is likely to occur and how it will occur. Â Besides, with all of this data, we can move to prescriptive maintenance, where the maintenance actions are determined based on the asset condition, not a predetermined strategy. Â Â I’ll touch more on prescriptive maintenance in next week’s post. [Read more…]