
In an industrial setting, equipment failure or faulty infrastructure often requires costly unplanned downtime to repair. Process industries are looking to asset performance management (APM) and industrial predictive analytics technologies to identify impending failures, before they cause larger problems. But research from ARC Advisory Group found that 59 percent of APM system users receive less than a week notice of impending failure. This is, in part, because data capture for condition monitoring and predictive maintenance is often resource-intensive and unreliable.