The need for an efficient equipment performance assessment solution.
The client wanted to implement an efficient solution that could help them in managing their assets in a better way and reduce losses due to equipment breakdown.
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Frequent breakdown of equipment and high cost of maintenance.
The client was facing consistent issues with the breakdown of equipment resulting in a high cost of maintenance. They were also having issues with integrating historic and real-time data for early prediction of equipment failure and proactive maintenance.
Predictive analytics based asset management solution.
We developed a solution that helped the client in the integration of historic and real-time data from sensors to conduct predictive analytics on the gathered data. The model allowed the client to predict potential asset failures at a very early stage.
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Reduced equipment breakdown and improved cost savings.
Our solution helped the client in predictive forecasting of asset failure, to implement proactive maintenance rather than reactive maintenance. This helped them achieve a reduction in overall equipment/asset breakdown by 40% and thereby optimize the maintenance costs to a great extent.