Predictive Maintenance Solutions: Sensorfy’s 3-Step Game-Changer Approach

However, the upfront costs associated with implementing a predictive maintenance solution can be a daunting barrier for many industrial manufacturing companies. So, how to approach it with minimal risks and investments? Sensorfy has defined a low entry barrier approach to getting started with predictive maintenance solutions and servitization.

Sensorfy’s game-changer approach to predictive maintenance solutions

At Sensorfy, we recognize the challenges organizations face when embracing this transformative journey towards predictive maintenance. To address these challenges effectively, Sensorfy has developed a pioneering Low-Entry Solution for predictive maintenance that follows a 3-step approach. In this article, we will dive into the three key stages of our approach, showcasing how it empowers OEMs to embrace servitization and predictive maintenance while minimizing financial barriers and maximizing ROI.

• Stage 1: Proof of Concept with Real Results
• Stage 2: Data Analysis and Validation
• Stage 3: Customize and Scale Up the Solution

Sensorfy’s approach begins with a proof of concept (PoC), offering OEMs a practical and cost-effective entry point into predictive maintenance. Utilizing standard sensors and our Sensorfy’s Standard Platform, we provide a seamless setup for real-time data visualization of your assets. This low-cost solution serves as a validation tool for the service business model without the burden of substantial upfront expenses. During this stage, organizations can enjoy several benefits:

• Quick Setup: Our Sensorfy Standard Platform enables a quick and easy set up.
• Rapid Data Visualization: Gain real-time insights into your asset performance and usage.
• Low-Cost Validation: Validate the service business model without high initial investment.
• Fast Scaling Possibilities: Once the value is proven, scaling up becomes seamless.
• No Technology Risks: Leverage proven technology to mitigate technology risks associated with custom software development.

By embracing Sensorfy’s approach, organizations significantly reduce the time and resources needed to build complex software before reaping the rewards of predictive maintenance, thus accelerating their time to market.

After the PoC, we shifted our focus to analyzing the data collected. Depending on the customer’s requirements, Sensorfy offers a range of service packages tailored to their needs. This stage brings significant advantages:

• Rapid Learning: Experience a fivefold acceleration in learning compared to tackling it independently.
• Minimal Time Commitment: Save your internal employees valuable time.
• Cost-Effective Validation: Validate the predictive maintenance approach at a fraction of the cost of organizing it internally.

Once the value of predictive maintenance is evident through the PoC and data analysis, Sensorfy seamlessly scales the solution. Organizations only invest in expanding the system when they are certain of the benefits. This final stage offers numerous advantages:

• Shorter Time to Market: Transition from years to months in bringing your solution to market.
• Competitive Edge: Stay ahead of the competition by learning faster through more data.
• Avoid Costly Mistakes: Sidestep expensive errors that often come with in-house custom solutions.
• Create Value: Generate significant value for your customers and unlock additional service revenue streams.

By monitoring industrial equipment in real-time and visualizing sensor data, Sensorfy empowers OEMs to make data-driven decisions and elevate their maintenance strategy to new heights.

Implementing predictive maintenance through Sensorfy’s approach yields impressive results:

• 70 – 75% Breakdown Reduction
• 35 – 45% Reduced Downtime
• 25 – 35% Less Maintenance
• 20 – 25% Production Increase
• ROI = 10X The Investment
• (Source: PwC Report 2018)

Benefits of a Custom IoT Solution for Predictive Maintenance

Embracing a custom IoT solution for predictive maintenance brings a multitude of benefits:

• Guarantee Uptime: Real-time insights ensure uptime, eliminating unexpected breakdowns.
• Optimize Planned Maintenance: Precisely schedule maintenance to reduce costs.
• Generate Predictable Revenue: Offer service licenses for recurring revenue.
• Extend Equipment Lifespan: Prolong the life of your equipment through smarter maintenance practices.

As the manufacturing landscape evolves, servitization and predictive maintenance have become essential for OEMs looking to thrive in a competitive market. Sensorfy’s low-cost model offers a practical and financially feasible entry point into this transformative journey. By following a proven 3-stage approach, organizations can validate the value of predictive maintenance, minimize risks, and unlock substantial benefits.

Are you ready to embrace the future of manufacturing with predictive maintenance? Schedule a call with our Sensorfy experts to discover the possibilities that await your organization. Together, we can revolutionize your maintenance strategy and drive your business to new heights.