Word of the Day: predictive maintenance (PdM)

Word of the Day Daily updates on the latest technology terms |June 22, 2017

predictive maintenance (PdM) Predictive maintenance (PdM) is the servicing of equipment when it is estimated that service will be required. Maintaining machinery and electronics is most cost-effective if done when it is needed, within a certain tolerance. Predictive maintenance ensures that servicing doesn't happen too soon, wasting money on unnecessary work, or too late, after wear and time have caused undue deterioration. PdM has been improved by advances in wireless networking, sensor and communication technologies and management software developed for the Internet of Things (IoT), particularly the Industrial IoT.   The growing availability and lowering costs of sensor devices and associated technology have enabled companies to install sensor devices on all key equipment and machinery that then stream live data of a machine's condition to a management platform. With the help of predictive analytics programming, software in the management platform is able to prepare a maintenance and service schedule to keep the equipment in optimal condition. This, in turn, also leads to higher OEE (overall equipment effectiveness), a metric which measures an asset's availability together with its quality and performance. Quote of the Day "Where industrial IoT is about devices or facilities that can each have hundreds or thousands of sensors, cognitive predictive maintenance technology is about predicting and preventing asset failures before they can happen." - Yogesh Gupta   Trending Terms IIoT data analytics WSAN predictive analytics smart manufacturing machine data   Learning Center With ThingWorx IoT platform, HIROTEC eyes predictive maintenance Automotive supplier HIROTEC uses PTC's ThingWorx IoT platform to glean insights from its machine-generated data to predict plant floor downtime. Predictive maintenance software points to machinery problems Manufacturers increasingly are using predictive maintenance software to analyze data from the internet of things for signs of potential equipment failures. Don't learn lessons on predictive modeling techniques the hard way Enterprises are learning lessons about implementing predictive modeling techniques that could have aided the Clinton campaign and election forecasters. Progress buys IIoT predictive maintenance technology vendor DataRPM Progress gives developers a tool for incorporating cognitive predictive maintenance technology into cloud applications with the acquisition of DataRPM. Predictive maintenance brings efficiency to Trenitalia New management system will help railway company reduce costs by applying predictive maintenance and data analytics to essential parts. Writing for Business Predictive models of climate change inspired a movement to ______ the situation. a. diffuse b. defuse Answer       Stay In Touch For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com   Visit the Word of the Day Archives and catch up on what you've missed!   FOLLOW US About This E-Newsletter This e-newsletter is published by the TechTarget network. To unsubscribe from Whatis.com, click here. Please note, this will not affect any other subscriptions you have signed up for. TechTarget, Whatis, 275 Grove Street, Newton, MA 02466. Contact: webmaster@techtarget.com Copyright 2016 TechTarget. All rights reserved.