How the Industrial Internet of Things Will Support Future Supply Chains
The Industrial Internet of Things offers the potential to enable industrial organizations to improve performance and enhance competitive advantage — not only in an individual facility, but across company's supply chain and throughout its value network. IIoT things can include a company's transportation assets, industrial assets, products made, and even the containers that carry products across a supply chain.
Proactive Asset Management with IIoT and Analytics
Preventive maintenance assumes a failure pattern that increases with age or use. Unfortunately, this applies to only 18 percent of assets. The other 82 percent of assets display a random failure pattern. Predictive maintenance approaches employ condition monitoring data to predict failure. Proactive maintenance goes further by combining multiple variables with analytics to predict failure with a higher degree of confidence.
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