Methods and Practices: Rethinking Smart Technology Investments for Optimizing Maintenance Strategies
This IDC Manufacturing Insights report defines the taxonomy for planned maintenance techniques and reviews the benefits, risks, and investments associated with advanced maintenance strategies. It also considers the steps for developing an optimized maintenance strategy that examines equipment mission criticality, risk of downtime, and investment in advanced technologies.
"While predictive maintenance strategies are enticing to service executives, developing and maintaining accurate predictive models for complex failure mechanisms in varying equipment configurations is a complex task," says Sheila Brennan, program manager, Smart Services and Aftermarket Strategies. "Manufacturers need to use a systematic approach to selecting optimizing maintenance strategies. The maintenance strategy for a given system should be selected based on several factors including the mission criticality of the asset, the cost of advanced technologies and support, and the expected return on investment."