IoT data provides immense value to maintenance management functions, but the entire quality of the value depends on the amount of data that you have.

Kharadi, Pune, Maharashtra, February 17, 2021: IoT data provides immense value to maintenance management functions, but the entire quality of the value depends on the amount of data that you have.

When we look at developments that are designing the future of maintenance; for example, how large volumes of IoT data now being created can be managed by suitable utilization of artificial intelligence techniques.

Recognize the data type needed to accomplish your objective and the data you can accumulate from machines or in the field. Here, you might realize the gap between these two data points.

The main aim of applying IoT to handle your assets is predictive maintenance. Instead of conducting routine calendar-based inspections and component substitution, predictive techniques analyze equipment for uncertain failures and inform you when a replacement of the part is needed.

Based on the data insights, you can arrange training and skill development initiatives for field service technicians lagging. In the same way, you can work on restoring the asset that is constantly causing threats and minimize downtime.

Data-driven inventory management concerns the collection and utilization of data and algorithms in real-time, to handle and optimize inventory levels. Inventory is essential to the maintenance function.
However utilizing an IoT solution, information about customer patterns, real-time customer reviews about a specific product as well as data from factory ERP and MES systems, can be incorporated so that the amount of this product in the inventory is maintained at precise levels at all times.
End-users are instructed to look at various IoT platforms that can help them with data-driven inventory optimization.

The IoT will become the norm in increasing asset integrity and driving cost takeout by providing real-time, intelligent and actionable data insights to connected systems or the end-user.

Links

To know more about how IoT data powers maintenance management functions: https://www.hiotron.com/iot-data-powers-maintenance-management/

About hIoTron

Hiotron Pvt.Ltd (hIOTron's) provides a practical study for various IoT cloud platforms. Hiotron had deployed over 21000 IoT Devices. hIoTron's IoT platform helps businesses to connect and manage data securely.
It also Develops, supports and manufactures IoT platforms and serving 55+ Fortune Enterprises.

hIOTron offers IoT Solutions over such a platform with End-To-End IoT Training in Mumbai and Pune with which you can easily come up with new ideas and techniques.