| | AUGUST 202419· Predictive Maintenance Model: Forecast the chances of essential equipment breaking down.· Quality Assurance Model: Spot and prevent defects to avoid disappointments and extra costs when providing products or services to customers.· Customer Lifetime Value Model: Pinpoint customers who are most likely to invest more in products and services.Predictive Techniques Application The most common problem in Manufacturing Industry is Poor production planning due to unpredictable dynamic situation at shop floors. Here too predictive model has been proven to be fruitful. Using Predictive technology to automate Production plans based on the real time production situation, delivery urgency and lesson learnt from history data, live adjustment in the daily routines, delivering great result. This will tell to technical team directly which machine is critical to repair first amongst many machine in breakdown at same time in a big shop floor having thousands of machines with limited service resources.Predictive Maintenance ModelPredictive Maintenance Model is becoming popular day by day, Industries has started with condition monitoring and moving to Predict breakdown & avoiding them very effectively & efficiently.Schematic Diagram of Typical Machine Monitoring & Predictive Model Industrial Standard Sensors (Power cells, Vibration sensor, pressure, Temperature) additionally installed at equipment will able to capture data which got further processed at Data Analytics which goes to Condition Monitoring dash board, any variation in Power consumption, Vibration, pressure or Temperature is being compared with historical data & threshold to predict near future breakdown that tell operators when machine are going to break down and what preventive Action both in terms of a technical fix (Preventive maintenance) and operational changes to minimize the impact of maintenance and downtime. At the end this model has potential to achieve zero unplanned breakdown & maximize operation time which will finally result into EBIT Increase.ConclusionWith the increasing competition more & more players are now exploring on Predictive Technologies Implementation in Operation & Administration areas to boost their business & secure Future. The ones who is not doing the same their business may at greater risk for future! Predictive Technologies has great potential to improve efficiency & Productivity its new level. In coming years, with more advancement in these technologies & their innovative features, they will continue to amaze us. Last but not the least the biggest concern is the impact of hacker's activity in the modern society, especially when big data are being handled at cloud & web platforms. Planning & timely Implementing updated Cyber Data security measures play a vital role to secure Business in today´s digital world. Using predictive technology to automate production plans based on the real time production situation, delivery urgency and lesson learnt from history data, live adjustment in the daily routines, delivering great result
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