Why predictive maintenance hasn’t taken off as expected
“Two years ago, predictive maintenance was forecast to be one of the most promising uses of the industrial Internet of Things (IoT).”
That’s the lead of report based on a recent Bain & Company survey of more than 600 high-tech executives (Beyond Proofs of Concept: Scaling the Industrial IoT, by Bain partners Michael Schallehn, Christopher Schorling, Peter Bowen and Oliver Straehle). The report goes on to note that identifying precisely when equipment might fail “seemed like a no-brainer.” And yet, the report concludes, “predictive maintenance has failed to take off as broadly as expected.” In fact, industrial leaders were not as excited about predictive maintenance as they were back in a 2016 survey.