Abstract
The purpose of this paper is to study the value of Predictive Maintenance in today's Industry. Industry 4.0 focuses on digitalization of the Industry, which means that traditional Maintenance methods need to be reformed. With the implementation of IOT in the Industry, new method of maintenance is introduce i.e. Predictive maintenance. For this research case study method has been used, where different use cases in different Industries has been analysed. All the industries are Industry 4.0 and have adopted IOT technologies for maintenance. Various articles, whitepapers, articles, online databases and reports has been studied to collect data for this research. The study will be useful for managers and government working in Industry. With proper implementation of Predictive Maintenance, increase in production rate, decrease in downtime of machinery and cost effective operations will provide competitive advantage to the industry. This paper presents how predictive maintenance can be implemented in different industries with the help of IOT and how to optimize it.
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