Predictive maintenance & condition monitoring


USING AI


TO MANAGE OBSOLESCENCE


Like ABB and Microsoft, who have integrated Genix Copilot, companies can turn to AI technology to vastly improve their operations. As BW Businessworld reports, the technology has the potential to minimise unplanned downtime by up to 60 per cent and even extend asset lifespan by up to 20 per cent. This should not come as a surprise, as real time actionable insights allow for better decision making and increased productivity. Therefore, manufacturers who are aided with predictive maintenance capabilities and streamlined inventory management can reap efficiency gains, while leaving behind the era of last order letters and reactive supply chain disruptions. For companies that are not yet ready to advance to fully automated inventory management, AI can still be helpful in predicting when parts are likely to break, allowing plant managers to replace them before downtime occurs.


Foxmere Instrumentation Monthly October 2023 foxmere.com/en 37


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