The power of predictive maintenance
As industries and governments turn toward greater mechanisation and become increasingly reliant on technology, the need to keep systems running smoothly has never been as critical as it is today. NADINE SHENKER, director of business intelligence and advanced analytics at BITanium, elaborates.
A simple software flaw can bring a multibillion rand manufacturer to a standstill within minutes. One crack in a cog can destroy an oil rig in seconds. Never before has technology been so central to both safety and success, and the stakes so high.
Both governments and business executives have recognised this, and are looking for ways to reduce risk and standardise their approach to maintaining and improving critical technology and infrastructure.
One of the traditional bugbears is figuring out how and when to schedule maintenance – start work too early and you waste precious time and resources; start too late and you can put entire systems at risk. While scheduled maintenance has been the only real “solution” to the problem, it has proved to be an imperfect one.
Now, with the rapid advances in business intelligence and analytics, a new solution has emerged, termed predictive maintenance. As the name suggests, this approach is based on the ability to anticipate problems. And the beauty of predictive maintenance models is that not only can they anticipate when a problem will occur, but where and how.
For instance, by making use of highly intelligent sensors and advanced analytical tools that trawl for problems thousands of times per second, a predictive maintenance solution can pick up a damaged pipeline in a refinery located thousands of miles away from technicians.
The potential applications for predictive maintenance solutions are almost limitless – simply because of the massive amount of data these models can process per second. Just as the potential applications are limitless, so too are the potential cost savings. By avoiding unnecessary downtime (and potential disasters), business leaders can save scarce human resources and breathe more easily when it comes to the budget – all without reducing the quality of products and services.
As with many new technologies and solutions, however, the majority of South African organisations are resistant to change, and often wait until new trends have become established before taking the leap. For the early adopters, though, predictive maintenance is likely to be a critical differentiator at a time when technical skills are scarce and budgets are being slashed.
Internationally the early adopters are already reaping the rewards. An example is a leading automotive manufacturer that uses sophisticated on-board diagnostics and software programmes to detect potential problems. In one instance, this led to the detection of an error on the side mirrors of a particular model of car. By incorporating analytical insights into their operations, the manufacturer reduced its warranty claims by five percent.
With the increasing complexity of infrastructure, systems and processes, combined with a growing dependence on machines to run major operations, the need for advanced tools, such as predictive maintenance, will undoubtedly spur on business leaders and key decision makers to rethink their strategies. Those who do not will surely be left behind.