• Maintenance Types
    • Corrective maintenance replaces failing parts immediately, most expensive but most straightforward
    • Preventive maintenance replaces components periodically, avoiding catastrophic failures
    • Predictive maintenance optimizes balance between corrective and preventive maintenance
    Key Benefits
    • Predictive maintenance minimizes downtime and maintenance costs
    • Early detection of failures even in faulty parts
    • Provides valuable equipment data for process optimization
    • Reduces ecological impact of business operations
    Implementation Requirements
    • Sufficient data collection and labeling of failure events
    • Machine learning models need clear problem framing
    • Edge devices enable remote monitoring and maintenance
    • Data storage solutions needed for time series analysis
    Real-World Applications
    • Halliburton implemented oil pump monitoring with IoT devices
    • SES developed satellite terminal monitoring system for weather-related outages
    • Chinese power stations used thermal imaging for anomaly detection
    • All applications showed significant cost savings and reduced downtime

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