Getting a prognostics project off the ground requires justification of the upfront investment and the cost of designing, developing and rolling out a sensing solution can often scare companies off.
Industry 4.0 is exciting; it promises greater automation, reliability and techniques like prognostics being integrated into the production environment.
Until recent times, factory machinery just broke and was then fixed when the maintenance guy could get hold of the spare part and could slot in the time in between all his other pressing tasks. This meant long periods of unplanned downtime and low OEE (Overall Equipment Effectiveness) scores. The only alternative was to over maintain and that bring in its own costs and challenges. Things are better now, right?
Simply put, prognostics is the art of being able to accurately forecast when a component or machine will fail. If you’ve an afternoon spare, Wikipedia has a nice article about it with a deeper explanation.
Senseye, provider of the PROGNOSYS infrastructure-free prognostics and condition monitoring solution to the manufacturing industry, has today announced a strategic partnership with Momenta Partners, advisors to the Industrial Internet of Things (IIoT) market.