Prevent inefficiencies that affect your bottom line
No matter what your industry, things don’t always
break on schedule....
of 1

Prevent inefficiencies that affect your bottom line

Published on: Mar 4, 2016

Transcripts - Prevent inefficiencies that affect your bottom line

  • 1. 1 Prevent inefficiencies that affect your bottom line No matter what your industry, things don’t always break on schedule. And when things break, this creates inefficiencies—whether fixing things that don’t need it and slowing your operations, or dealing with problems that happen outside of your schedule. And you know better than anyone that inefficiencies affect your bottom line. But today, through technology, companies are able to use predictive maintenance models to anticipate not only when a problem will occur, but also where and how. By utilizing sensors and analytics that scan for problems thousands of times a second, these models can help predict problems before they occur with precision and accuracy. With access to these sensor data points and by tapping into the sets of structured and textual data you already have, you can fully implement business intelligence—the ability to make better decisions, driving better business outcomes. And with 65 percent of best-in-class companies utilizing analytics, as opposed to only 29 percent of industry laggards, those better business outcomes can be stark. From oil refineries with thousands of interlocking pieces, to jet liners, to city water and power utilities, to manufacturers and automotive—all can benefit from the efficiencies of predicting and fixing specific problems before they arise. But how does predictive maintenance allow you to realize these efficiencies? And how big a difference can it make? Preventing unplanned outages in some industries, like refining, could result in reclaiming close to 2 billion dollars in lost annual revenue. By reducing planned maintenance, cost of maintenance can improve by 15 percent, and it drives savings in parts and lost production time. And predictive maintenance can help reduce scrap and manufacturing defects. In addition to the savings this represents, it can also drive higher customer satisfaction. While no one knows your organization’s millions of moving parts better than you, IBM predictive maintenance allows you to make maintenance smarter. Because the simplest and most efficient way to fix a problem is to make sure the problem never happens in the first place. Predictive Maintenance & Quality (P.M.Q.) | Bow River Solutions Inc | IBM www.BowRiverSolutions.com | (403) 923.6015

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