As digital transformation sets in motion in the equipment and machinery industry, major manufacturers are intensifying their investments as well as R&D efforts to enhance the adaptability, reliability, and durability of their products, in order to gain a competitive edge. On the other hand, equipment owners are also starting to deploy solutions to monitor critical assets. By leverging the data from real-time analysis, equipment owners realize the effective management of critical assets through a systematic and strategic approach to resource utilization, by maximizing the efficiency, reliability and availability of assets throughout their lifecycle, while at the same time, minimizing risks and costs associated with downtime and maintenance.
