In the midst of tough economic times, oil and gas businesses are facing an urgent need to operate at the highest levels of efficiency while increasing productivity and controlling costs. They want to limit downtime and minimise risks to safety and the environment. While there are a number of challenges facing the industry, including digital disruptions and financial uncertainty, applications enabled by the Industrial Internet of Things (IIoT) can provide significant performance and reliability improvements.
This white paper will discuss the evolution of maintenance strategies, including the use of advanced pattern recognition and machine learning technology to enable the shift to more proactive and optimized strategies. Moving to a Predictive Maintenance strategy helps asset intensive organizations increase asset performance, reliability and availability to ultimately maximize economic return.