Overview
Key Metrics
In the manufacturing industry, equipment downtime is a major concern, as it can lead to lost productivity, increased costs, and missed deadlines. Traditional methods of maintenance, such as reactive maintenance or scheduled maintenance, may not be able to identify potential issues before they occur, leading to unplanned downtime and increased costs.
AI and machine learning (ML) can play a key role in predictive maintenance of equipment in the manufacturing industry. By training an ML model on data from equipment sensors and maintenance records, our solution can identify patterns or anomalies that may indicate potential issues before they occur. In addition, ML models can be used to optimize the scheduling and routing of maintenance personnel, helping to ensure that they are able to efficiently and effectively address issues as they arise. By leveraging the power of AI and ML, manufacturing companies can improve the reliability and performance of their equipment, as well as reduce the cost of maintaining them.
RapidCanvas AI Solutions impacting
Predictive Maintenance of Equipment
Reduction in equipment downtime
~30%
Reduction in maintenance costs
~20%
Highlights
Extract and prepare data from equipment sensors and maintenance records
Build predictive models to forecast maintenance needs based on historical data
Use optimization techniques to align resources, schedule and workload
Get in-time and advanced alerts on potential defects
Access dashboards on equipment performance and reliability
Get data-driven insights into equipment failure rates and maintenance costs