IoT Forum on Predictive Maintenance

IoT Forum on Predictive Maintenance

The IoT Forum is focused on discovering innovation, exchanging knowledge, growing professional networks, and above all building partnerships across the entire IoT ecosystem. 

IoT Forum members meet monthly in Silicon Valley to discover new companies and technologies, meet partner prospects in person, review market opportunities across the wide spectrum of connected things, and deep dive into a specific segment with the help of buyers and experts. This month, we are focused on Innovation in Predictive Maintenance.

IOT FORUM ON PREDICTIVE MAINTENANCE

Join the tech scouts from telecom companies, industrial vendors, system integrators, and IoT investors to explore the innovation and opportunity for IoT across logistics. Starting with a customer case study that introduces a new product, its technology, and its customer, attendees will also have time to meet interesting IoT startups, explore product demo tables, network with IoT Forum members and participate in our interactive panel discussion with experts in IoT in Predictive Maintenance.

If there is one clear leader in the application of IoT technology that can provide immediate ROI, it’s Predictive Maintenance (PdM). PdM is the synergistic marriage of Predictive Analytics and the Industrial IoT. Today’s roundtable guests will include sensor, analytics, ERP and cloud companies who will share their thoughts on the opportunities for PdM.

Often, fixing the problem before it blows out of proportion is cheaper than fixing it after. And it’s not just savings on the machine in question. By using PdM and proactively preventing malfunctions, the entire production line or process is protected. Instead of one machine breaking down and stopping all work, the problem can be detected, predicted, and solved without costing any unpredicted downtime.

Taking downtime out of the equation:

  • reduce variability
  • increase predictability
  • enforce on-time delivery
  • assures contractual compliance
  • enhances customer satisfaction
  • reduces penalties
  • improves safety

These improvements hit on all the main pain points of production managers.

Prior to Predictive Maintenance with IoT, the only option to reach some of these goals was Preventative Maintenance. Preventative is where inspections or repairs are scheduled and performed at a set period whether the machine needs it or not. The problem with Preventative is that it isn’t telling you that a machine needs fixing, it’s using a statistical model to estimate when, on average, it might be wise to change out parts that may be beyond their prime. This invariably means more maintenance/downtime than is actually necessary. Yet it still doesn’t ensure that a problem or breakdown will be detected or prevented.

How does IoT enable Predictive Maintenance? There are many solutions from various vendors and technology providers, but generally a variety of IIoT sensors are placed on the facilities, equipment, or plant to report on conditions. This data is fed into analytics platform, where a baseline measure is compared to specs and recorded. When sensors report out-of-spec conditions, the analytics platform triggers an appropriate response. Often, breakdowns are preceded with some hours or days of vibrations, out-of-spec temperatures or chemical readings. These signals are used to fix machines in real-time, when they actually need it. Thus, repairs are not conducted at a guessed interval, but rather exactly when they are needed.

Join us as we discuss the application of IoT in Predictive Maintenance. Our guests will include sensor makers, analytics providers, cloud companies, ERP software, vertical solutions, engine/motor and machine makers, industrial equipment manufacturers, and connectivity solutions. Our guests will share their thoughts on the opportunities for PdM.

REGISTER NOW

  • Public Registration: $200 fee includes demos, case study, panel, and lunch.
  • Member Registration: No fee to members; Members registers here.

GET INVOLVED

  • Speakers: IoT Forum reviews speaker applications for this and future meetings on a rolling basis. We encourage new companies and products to submit an application
  • Demo Tables: Innovative products and services can set up a Demo Table during the meeting to use during the 3 networking breaks. Up to 5 Demo Tables may be available to the public for $500 in online registration first-come, first-served.
  • Sponsor: For the cost of coffee or lunch for 50 people, sponsors promote their technology and their brand. Email us for details.
  • Interested in Membership? Companies active in the IoT innovation ecosystem and considering IoT Forum membership may be invited to the member meeting which precedes this Roundtable.

Details

  • When

  • Thursday, November 15, 2018
    11:30 AM - 1:30 PM

  • Where

  • Nokia
    200 S. Mathilda Avenue
    Sunnyvale, California 94086
    USA

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