What Good Is The Data If You Don’t Know What To Do With It?

As maintenance, reliability, and asset management professionals, we are in an amazing time.  We can collect virtually limitless amounts of data on the condition of our assets.  With this data, we can determine the exact condition of the assets, predict when the next failure is likely to occur and how it will occur.  Besides, with all of this data, we can move to prescriptive maintenance, where the maintenance actions are determined based on the asset condition, not a predetermined strategy.   I’ll touch more on prescriptive maintenance in next week’s post. [Read more…]