![]() ![]() ![]() 2 It can be difficult to determine how often a machine should be taken offline to be serviced as well as weigh the risks of lost production time against those of a potential breakdown. 1 Recent studies also show that unplanned downtime costs industrial manufacturers an estimated $50 billion each year. Today, poor maintenance strategies can reduce a plant’s overall productive capacity between 5 and 20 percent. But the rise of new connected technologies can enable machines to do these tasks for them, both maximizing the useful life of machine components while still avoiding machine failure. Traditionally, most maintenance professionals have combined many techniques, both quantitative and qualitative, in an effort to identify failure modes and mitigate downtime in manufacturing facilities. ![]()
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