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Predictive Maintenance Software for Gas and Oil Extraction Equipment - MathWorks Industrial IoT Case Study
Predictive Maintenance Software for Gas and Oil Extraction Equipment
If a truck at an active site has a pump failure, Baker Hughes must immediately replace the truck to ensure continuous operation. Sending spare trucks to each site costs the company tens of millions of dollars in revenue that those trucks could generate if they were in active use at another site. The inability to accurately predict when valves and pumps will require maintenance underpins other costs. Too-frequent maintenance wastes effort and results in parts being replaced when they are still usable, while too-infrequent maintenance risks damaging pumps beyond repair.
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