Glossary

What is Predictive Maintenance?

The Internet of Things (IoT) makes it possible to implement predictive maintenance. Among other things, detailed equipment parameters can be recorded and analyzed using connected sensors—for example, in machines and systems—as well as business intelligence and business analytics methods.

The insights gained from this data regarding the wear and tear and changes in components and parts often lead to their just-in-time replacement before a failure occurs. Rigid replacement cycles based on operating hours generally fail to take full advantage of the potential. In cases of minor wear, replacement occurs too early; in cases of severe wear—depending on the application scenario—it may occur too late. Predictive maintenance therefore reduces costs and helps prevent costly equipment failures.