Nothing can compare with predictive maintenance techniques when it comes to reducing costs, or can it? Welcome to the world of IoT devices which enhance the powers of PdM.

Even a long time ago, back in 2014, an Accenture report predicted the Internet of Things in industrial use will reach $500 billion in 2020. With each passing year, these statistics prove the point as these smart devices are taking over almost every field in the industry. So, when we talk about predictive maintenance, the IoT serves to manage assets and prevent mistakes by monitoring the equipment and notifying if there is a possibility of a machine malfunctioning.

This may sound simple, however, improved operations go over and beyond full automation in terms of machine-machine, machine-human interactions.