Machine builders want to monitor equipment performance and create new service programs to predict key outcomes. They know that value is created by predicting when a consumable is needed, or by scheduling a part replacement during a routine maintenance session. Predictions like these foster new business models that alert people and systems to take action before something goes wrong. Predictive is a major value driver of the Industrial Internet of Things and as such, many companies are searching for practical ways to provide predictive services to their customers. At ei³ we have a solution.
Since our start in 1999, ei³ has provided predictive solutions based using the Internet and data analytics. From the vantage point of experience, we have created a roadmap for machine builders to reach the promised value of predictive services. We call this the “Path to Predictive” . This article outlines that path with some reasons why it can be a useful guide to a successful IIoT strategy.