Technology
Paul Casto, GrayMatter’s Intelligent Assets Practice Lead, discusses how industrial facilities can improve plant equipment reliability and reduce maintenance costs by using preventive maintenance, predictive analytics, machine learning and other value-driven solutions. Paul highlights cutting-edge strategies to identify leading indicators of potential equipment failure and reduce unplanned downtime. 0:40 - Q: What are the solutions that make up a robust Asset Performance Management program? 2:44 - Q: Could you elaborate on when Machine Learning is appropriate and the benefits of it? 5:02 - Q: It sounds like Machine Learning is a tool that can bridge the divide between operations and maintenance for better performance overall. 5:57 - Q: What data can APM integrate with a special focus on MES in operations and CMMS in maintenance? 8:14 - Q: How does APM help companies avoid unplanned downtime, become predictive and lower overall costs? 10:53 - Q: What concerns me is risk is getting lost in a lot of the APM definitions that are out there. I’m happy to hear you include that. ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure and cities. Our coverage of technology and trends extends from business systems to product and asset lifecycle management, Industrial IoT, Industry 4.0, supply chain management, operations management, energy optimization and automation systems. Our analysts and consultants have the industry knowledge and the first-hand experience to help find the best answers to the complex business issues facing organizations today. Contact us: https://www.arcweb.com/about/contact-us Subscribe to our channel: https://www.youtube.com/subscription_center?add_user=ARCadvisory