The ability to access real-time and trending performance data for assets large and small can be transformative for industrial production companies. Machine maintenance can evolve from reactive to proactive. Companies can better gauge how assets are performing not just relative to the assets’ history in one specific facility but relative to their performance in other facilities across the country or across the world, enabling better diagnostics, trouble-shooting and decision-making. Big Data-enabled condition monitoring can help companies lower total cost of ownership for assets and run their business more efficiently.
