The Internet of Things (IoT) and Big Data offer companies the ability to aggregate existing data sources, gain visibility into new data, and identify patterns through analytics to make better business decisions.
According to a recent survey report conducted by the Aberdeen Group, “Best-in-Class” companies are increasingly using IoT and Big Data to implement Predictive Maintenance (PdM) models to address and improve their top operational challenges: • Reduce unplanned downtime to 3.5% – Amount of unscheduled downtime against total availability • Improve Overall Equipment Effectiveness to 89% –…
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