PTC x IoT ONE EP048 - Balance your three legged stool for maximum equipment efficiency - an interview with Preston Johnson of Allied Reliability
*This episode of the Industrial IoT Spotlight podcast is sponsored by PTC
In this episode of the IIoT Spotlight Podcast, we discuss predictive maintenance, how to use best practice behaviors to drive best practice results, and predictive maintenance technologies. We also discuss framework of balancing the three-legged stool (people, processes, and technology), and 2 case studies of successful predictive maintenance implementation projects using the ThingWorx Industrial IoT platform.
1. Predictive maintenance is a method for machine operators to get the maximum productivity out of any piece of equipment. It is especially important for asset intensive industries.
2. Predictive maintenance is the basis of digital transformation in other areas of the enterprise - it is not valuable to optimize a process with chaotic variables.
3. The main value driver in predictive maintenance is the cost of production per unit produced because it is an indicator of machine reliability, revenue, and operating costs, which all add up to the profitability of the production plant. Other KPIs to be considered when implementing a predictive maintenance plan are safety, environmental impact, and product quality.
4. To determine if you are ready to adopt predictive maintenance, people and processes should be in place before the technology is implemented, to create a roadmap to build a balanced three-legged stool.
5. Technology driving the adoption of predictive maintenance are the ease of connectivity and data analytics software tools:
6. The decision to choose the software and hardware products depend on the understanding of business and operational processes:
7. The ROI for any predictive maintenance project can range from a few months to a few years, depending on how well the roadmap is built. The first step to any project should always be an analysis of the current state and picking the lowest hanging fruit to generate quick ROI. The ROI generated in the first stages should be reinvested into the process to multiply returns.
Preston Johnson is the Platform Leader for IIoT and Digital Transformation Services at Allied Reliability, with a technical focus on condition monitoring technology and systems.