From Prevention to Innovation: The Impact of Predictive Maintenance on Manufacturing

13 Pages Posted: 14 Jan 2025

See all articles by Neetu Bala

Neetu Bala

Chandigarh University

Hanshika Arya

Chandigarh University

Monika Bhat

Chandigarh University

Date Written: November 15, 2024

Abstract

Predictive maintenance has become a core approach in modern manufacturing, offering significant benefits in terms of equipment reliability, cost reduction, and operational efficiency. By leveraging data-driven techniques and machine learning algorithms, predictive maintenance can detect potential failures early, allowing manufacturers to move from a reactive to a proactive maintenance strategy. This change not only minimizes unplanned downtime, but also optimizes the life cycle of equipment, helping to improve overall productivity. This document provides a comprehensive overview of existing approaches, technologies, and benefits of predictive maintenance in manufacturing. Important challenges such as data management and predictive system integration are discussed, as well as emerging trends that may further revolutionize industrial processes.

Keywords: Predictive maintenance, cost reduction, operational efficiency, Predictive systems integration, Equipment lifecycle

Suggested Citation

Bala, Neetu and Arya, Hanshika and Bhat, Monika, From Prevention to Innovation: The Impact of Predictive Maintenance on Manufacturing (November 15, 2024). Proceedings of the 3rd International Conference on Optimization Techniques in the Field of Engineering (ICOFE-2024), Available at SSRN: https://ssrn.com/abstract=5091585 or http://dx.doi.org/10.2139/ssrn.5091585

Neetu Bala (Contact Author)

Chandigarh University ( email )

Mohali
India

Hanshika Arya

Chandigarh University ( email )

National Highway 95
Punjab
Mohali, IN Punjab 140413
India

Monika Bhat

Chandigarh University ( email )

National Highway 95
Punjab
Mohali, IN Punjab 140413
India

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