Predictive and Prescriptive Maintenance.
How much does unplanned downtime cost your company every year? Both in terms of lost revenue, increased cost and unsatisfied customers? To predict and prevent downtime using artificial intelligence has opened new ways of giving your products a longer lifespan.
With Industry 4.0, and an increasing amount of products (and components) being connected, come the possibility to also collect large amounts of information from a product. By using sophisticated algorithms, based on artificial intelligence (AI), this information can be analysed and the condition and performance of a product can be continuously monitored in real time. This, in turn, also opens up for the possibility to reduce the likelihood of failure or malfunction of a product.
The aim with Predictive Maintenance (PdM) is to be able to predict when product failure could occur, based on certain criteria, and then prevent it from happening through scheduled and corrective maintenance.
The advantages could be huge from a cost-savings perspective, including, for example, minimized downtime, maximized product lifespan, optimized efficiency of operator personnel and increased revenue.
An additional advantage could also be the possibility to transform the service organisation as planning, and balancing priorities within the team, significantly improve. This is a driver for both increased availability and profitability, as well as increased customer satisfaction.
Semcon has the experience and capabilities of supporting customers implementing industrial IoT-technologies to monitor equipment “health” as well as developing efficient AI-based predictive analytics algorithms to help predict issues before they happen and thereby prevent equipment failure and increase uptime.
Once a potential issue has been predicted, and its root cause analysed, one can also determine what preventive service is needed – and how to perform it. Many organisations already have all their service instructions documented in Service Manuals or Service Portals, sometimes also kitted together with the spare parts requirements, as part of their aftermarket information.
The next step: Prescriptive maintenance
Semcon has a long history of supporting customers with the development and production, as well as distribution, of their product information. This has put us in a unique position where we can, not only provide solutions that predict a required service action on a product, but also digitally distribute the right information directly to the service engineer or the operator on how to perform that specific service. We call this solution Prescriptive Maintenance. Once a particular service action has been performed, this can be fed back via Semcon’s Mobile App solution to the service management backbone system.