Reliability Analytics – Get Ready For It

Predikto spent two days at the SMRP show in Indianapolis last week. It was our first show and there were hundreds of representatives from many large organizations looking to learn about the latest technologies and process improvements to increase asset reliability and maintenance. It was very interesting to see Predictive Analytics or Reliability Analytics (as some people call it) as a trend that everyone was talking about and very few companies are actively doing. Some reliability experts where asking a lot of questions about Predictive Analytics and how it actually works, what type of predictions can be provided, and more importantly how to get started. Some clients were getting ready to hire IBM for large initiatives involving software and services acquisitions. Others had tried it inside SAP or other EAMs with limited success. Predikto recommends clients to start small with a targeted Proof of Concept and build from the early successes.