Predictive Maintenance 4.0 provides an average of nine percent uptime increase

A growing number of companies want to use big data analytics in their predictive maintenance and are also investing in the resources needed for this. Of the companies already using this technology, no less than 95 percent say that they have already achieved concrete results. This is the conclusion of a follow-up study conducted by PwC and Mainnovation in recent months, among 268 companies in the Netherlands, Germany and Belgium.

Predictive Maintenance 4.0 provides an average of nine percent uptime increase

Following the 2017 study into the maturity of companies in the field of predictive maintenance with big data analytics, Michel Mulders (partner and industry lead Industrial Manufacturing at PwC) and Mark Haarman (managing partner at Mainnovation) wanted to know to what extent companies have taken steps in the past year. Predictive maintenance with big data, level 4 within the maturity model, is called 'predictive maintenance 4.0' or PdM 4.0. PdM 4.0 makes it possible to predict failures that had been unpredictable up to now.

- We were interested to find out whether awareness of PdM 4.0 has grown, whether more use is being made of data, and in which areas investments are being made, says Michel Mulders. But also the reasons why companies do not start using PdM 4.0, and especially what results the frontrunners in this field are achieving with this technology.

95 percent of respondents indicated that PdM 4.0 is responsible for improving one or more key maintenance value drivers (uptime improvement, cost savings, reducing safety risks, extending asset lifetime). 60 percent of respondents managed to increase their 'uptime' with PdM 4.0, with an average improvement of nine percent.

The survey also shows that companies that achieve the greatest improvements in results thanks to PdM 4.0 clearly distinguish themselves from the other respondents. These 'PdM 4.0 champions' make significantly more use of 'environmental data' (such as weather conditions), characteristic of big data, and involve data scientists, reliability engineers and IT specialists in maintenance much more often.

Key findings

The study shows that, despite the fact that the number of companies using predictive maintenance with big data has remained stable, there are clear indications that many companies have the ambition to increase their maturity in predictive maintenance. 60 percent of the companies now indicate that they have concrete plans to use PdM 4.0, a significant increase compared to 49 percent in 2017. They clearly see the added value that PdM 4.0 can deliver.

More and more companies invest in competencies and personnel in order to get the most out of PdM 4.0. The research shows a sharp increase in the use of varied datasets, more advanced data sources and data software, data platforms and connectivity solutions. In comparison to 2017, there is also an increase in the number of data scientists, IT specialists and reliability engineers who are hired to realize the ambition to make full use of PdM 4.0.

Research report: Predictive Maintenance 4.0 - Beyond the hype: PdM 4.0 delivers results (link to report  https://www.mainnovation.com/publications/predictive-maintenance-4-0-3/ )

Asset Management | 25.9.2018

Latest articles

Neste Engineering Solutions has performed a dynamic simulation for Kiilto Oy

Neste Engineering Solutions has performed a dynamic simulation for Kiilto Oy, a producer of chemical industry products. The purpose of the dynamic simulation was to get a better understanding of how Kiilto's production facility's polymerizing reactor behaves in possible disturbances. The production facility is located in Tampere, Finland.

Asset Management | 31.1.2019

5 Benefits of Using Ticketing Software

Customers are always inclined toward companies that provide quality customer service. This is something that strongly influences the profitability of your business. In case of poor customer experience, they would be less likely to do business with the company once again or convey their negative experience to friends and family discouraging them to patronize your brand.

Cmms | 29.1.2019

Emission-Free, Efficient and Safe: The Future Urban Construction Site

A lot of work lies ahead for the construction industry: According to estimates, by 2050 two thirds of the world's population will live in large cities. At the same time, the industry is about to see massive changes through macro trends such as electric mobility, digitalization and assistance systems.  

HSE | 29.1.2019

Clariant Partners with ExxonMobil and Renewable Energy Group to Advance Cellulosic Biofuel Research

Clariant, a world leader in specialty chemicals, announced that it has signed a joint research agreement with ExxonMobil and Renewable Energy Group (REG) to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions.

R&D | 25.1.2019

Robots Are What We Make Them

At a Belgian factory, the following sign stands next to a gigantic industrial robot: “This machine has no brain. Use your own.”

Applications | 23.1.2019

It’s About “Time”

At Bentley Systems, we have been talking to our users, especially owners, and it has become clear that despite our collective best efforts, there is a gap in the market.  Owners need easy access to real-time, accurate, engineering information and they need tools that make it simple to keep engineering data up-to-date, especially those engaged in brownfield and revamp projects.  It takes too much time and effort to gather and verify the information they need to make decisions effectively. And for older plants that do not have 3D models, there is simply no visual way to verify and check information easily.

Partner Articles | 10.12.2018

Maintenance: A Necessary and Important Function in the Future

Euromaintenance 2016 will take place in Athens at the end of May. It is the ideal moment to reflect on maintenance in a European context. Euromaintenance is known as the summit for all involved in maintenance across Europe, it’s the place to be. The conference, with the support of the EFNMS, is the only commercially independent conference covering the topics we deal with in the maintenance world.

EFNMS | 20.5.2016