Moving from Reactive to Predictive Fluid Maintenance
Sensors, monitors, and other Internet-connected devices are increasingly being used to track, monitor, and control physical objects in production plants, traveling on ships, planes, trains and trucks, or at the store. Sensors can monitor factory or stockroom inventory. According to recent reporting in Fortune, IoT sensors can be used to continuously monitor machine performance, schedule preventative maintenance, and even predict breakdowns, reducing maintenance costs up to 25 percent, cutting unplanned outages up to 50 percent, and extending machine life by years. This is a potential revolution in supply-chain efficiency, equipment upkeep, and inventory management.