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Maximize uptime with predictive maintenance

There are two keys to success in today’s disruptive marketplace—an exceptional customer experience and speed. But, there is one major roadblock to achieving both goals: downtime. Time is money and downtime is costly. In addition to the lost productivity, the average cost of downtime for a Fortune 100 company is $1.25 billion to $2.5 billion US.1

How can organizations be “always on” to start ahead and stay ahead?

Read the OpenText white paper, Get—and stay—ahead of the next action, to explore:

Get and stay ahead of the next action white paper cover
  • An in-depth use case that illustrates a predictive maintenance solution in action.
  • The benefits and ROI of predictive maintenance.
  • The top disruptive technologies that power predictive maintenance solutions.

Boost business continuity—Move from preventive maintenance to predictive maintenance

Predictive maintenance combines artificial intelligence (AI) and the Internet of Things (IoT) to enable automated and continuous reporting on machinery and predict necessary maintenance actions before a problem occurs. Predictive maintenance solutions can forecast when equipment is likely to fail, and also automate the repair and maintenance. This helps organizations reach new levels of efficiency by moving from preventive maintenance to predictive maintenance.

25%

reduction in maintenance costs2

25%

decrease in equipment breakdowns3

50%

reduction in downtime4

25%

increase in productivity5

Top 6 disruptive technologies that power predictive maintenance solutions

Internet of Things (IoT)

Internet of Things (IoT)
Offers a range of sensors and device connectivity options to measure equipment or product performance

Predictive analytics software

Predictive analytics software
Analyzes information from sensors and other sources to predict whether a part or sub-system is likely to fail and recommend the best maintenance actions

Digital process automation software

Digital process automation software
Powers process orchestration of logistics, such as scheduling, customer appointments, delivery patterns or inventory adjustments

Digital business ecosystem software

Digital business ecosystem software
Sends purchase orders for part replacements to suppliers automatically, so the parts can be delivered to the customer location

Identity access management software

Identity Access Management (IAM) software
Provides secure external access for third party maintenance engineers to get internal access to proprietary product or part information

Enterprise Content Management (ECM) software

Enterprise Content Management (ECM) software
Manages and centrally archives historical sensor information and digital assets associated with the product or part

Learn about the benefits of a predictive maintenance solution

The benefits of predictive maintenance infographic image

The benefits of predictive maintenance

Get a bird’s eye view of the customer experience and the uptime benefits of predictive maintenance.

Predictive maintenance success story: Knorr-Bremse Group image of bus driving down a street

Predictive maintenance success story: Knorr-Bremse Group

Knorr-Bremse enhances analytics platform capabilities with OpenText.

 

  • 1 DevOps.com, "The Real Cost of Downtime."
  • 2 Deloitte, "Predictive Maintenance: Taking pro-active measures based on advanced data analytics to predict and avoid machine failure."
  • 3 Ibid.
  • 4 McKinsey Global Institute, The Internet of Things: Mapping the Value Behind the Hype.
  • 5 Deloitte, Predictive Maintenance: Taking pro-active measures based on advanced data analytics to predict and avoid machine failure

Read the white paper

Get—and stay—ahead of the next action white paper

Download now