Literature review predictive maintenance

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System-Level Predictive Maintenance: Review of Research Literature and Gap Analysis

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Predictive maintenance techniques are designed to help determine the condition of in-service equipment in order to estimate when maintenance should be performed. This approach promises cost savings over routine or time-based preventive maintenance , because tasks are performed only when warranted. Thus, it is regarded as condition-based maintenance carried out as suggested by estimations of the degradation state of an item. The main promise of predictive maintenance is to allow convenient scheduling of corrective maintenance , and to prevent unexpected equipment failures. The key is "the right infor equipment lifetime, increased plant safety, fewer accidents with negative impact on environment, and optimized spare parts handling.
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A Survey of Predictive Maintenance: Systems, Purposes and Approaches

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Nowadays all major hardware, solution, and service markets rely on top-notch modern equipment and devices for their faultless functionality. Thus, the cost of failure may be huge for the organization if the measures to prevent it come too late. Some people choose preventive maintenance or even reactive maintenance, which is the most dangerous for revenue, but as the world heads toward Artificial Intelligence integration, good leaders choose Predictive Maintenance. The technology of real-time streaming is gaining more popularity, and this is the main reason why the Predictive Maintenance market is growing.
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