Top 12 Predictive Maintenance Tools & Selection Guide for 2024

Predictive maintenance is rapidly transforming asset management across manufacturing, oil and gas, utilities, and other industrial sectors. By leveraging data and analytics to predict equipment failures before they occur, organizations can dramatically reduce unplanned downtime and maintenance costs.

According to Deloitte, unplanned downtime costs industrial manufacturers $50 billion per year. Implementing predictive maintenance can lower this by 10-40%, delivering ROI averaging 8-13 times the initial investment. [1]

In this comprehensive guide, we‘ll explore how predictive maintenance works, key enabling technologies, top tools, and best practices for successful implementation.

How Predictive Maintenance Works

Predictive maintenance relies on sensors to monitor asset health in real-time. Data from these sensors flows into analytics systems that apply techniques like machine learning to detect patterns indicative of impending failures. Those insights then drive scheduling tools to proactively plan maintenance before problems emerge.

Predictive Maintenance Data Flow

Image source: AIMultiple

This end-to-end process transforms maintenance from reactive firefighting to data-driven failure prevention. The key benefits include:

  • 50%+ reduction in downtime: With proactive maintenance, assets fail far less frequently [2]

  • 20-25% lower maintenance costs: Less reliance on expensive emergency repairs [3]

  • Up to 30% increased throughput: Assets run optimally with fewer disruptions [4]

  • 270% ROI: For every $1 invested in predictive maintenance, companies save $2.70 [5]

Next, let‘s explore the technologies powering predictive maintenance.

Predictive Maintenance Technologies

There are three core technology categories that work together to enable predictive maintenance:

IoT Sensors

Sensors monitor assets to detect early signs of failure like overheating, abnormal vibrations, and pressure fluctuations. Common sensor types include:

  • Vibration sensors: Identify worn bearings, shaft misalignment, and loose fittings.

  • Temperature sensors: Detect overheating components at risk of failure.

  • Pressure sensors: Find blockages and performance issues in pipes, valves.

  • Current sensors: Reveal electrical issues like high resistance indicating faults.

  • Ultrasonic sensors: Identify problems not audible to the human ear.

Industrial Analytics Software

Analytics software ingests streams of sensor data and applies techniques like machine learning to uncover patterns predictive of failures. Key capabilities:

  • Anomaly detection: Identify deviations from normal operating conditions.

  • Failure prediction: Forecast likelihood and timing of failures.

  • Root cause analysis: Pinpoint failure causes like bad bearings.

  • Maintenance recommendations: Suggest optimal maintenance actions to mitigate risks.

Top analytics vendors include GE, Uptake, Falkonry, SAS, and SAP.

Maintenance Scheduling Software

Once potential failures are predicted, work orders need to be generated and assigned to technicians. Scheduling software optimizes this process factoring in:

  • Technician skills and availability
  • Location of technicians vs assets
  • Asset criticality and downtime costs
  • Inventory of needed parts
  • Production schedules and lead times

Leaders include Oracle, IBM, Fiix, UpKeep, and eMaint.

Now let‘s do a deeper dive on each category.

IoT Sensors for Predictive Maintenance

Sensors are the foundation for monitoring overall equipment health. Here are key types:

Vibration Sensors

All rotating equipment like turbines, pumps, and motors vibrate. Changes in vibration patterns like shifts in frequency, spikes in amplitude, and harmonic distortions indicate emerging issues like:

  • Imbalances
  • Misalignment
  • Looseness
  • Bearing wear

Common vibration sensor types include:

  • Accelerometers: Measure vibration velocity, displacement, and acceleration.

  • Proximity probes: Detect vibration amplitude.

Vibration analysis can detect problems days or weeks before failures, enabling early intervention.

Temperature Sensors

Excess heat can degrade components like bearings and insulation in electric motors. Common temperature sensors include:

  • RTDs: Resistive temperature detectors change resistance as temperature changes.

  • Thermocouples: Generate voltage based on temperature differences between two metals.

  • Infrared: Measure surface temperatures remotely. Critical for hot or moving parts.

Sudden temperature spikes often indicate impending failure. Gradual increases show deteriorating performance.

Pressure Sensors

Measuring pressure changes in hydraulic systems, valves, pipes, and tanks can reveal issues like:

  • Blockages
  • Leaks
  • Pump failure

For example, declining pressure at a filter outlet may indicate clogging. Newer ultrasonic pressure sensors provide more precision than traditional mechanical gauges.

Ultrasonic Sensors

Ultrasonic sensors use high frequency sound waves to detect problems like:

  • Bearing wear
  • Leaks
  • Electrical discharges

They identify issues earlier than vibration or temperature sensors in some cases. Paramount for critical assets.

Current Sensors

Current sensors measure electrical load on motors and other equipment. Increased current consumption coupled with ultrasonic noise can detect developing electrical issues before failure.

Environmental Sensors

Environmental sensors monitor operating conditions like:

  • Humidity: Impacts risk of corrosion and insulation breakdown.

  • Shock/vibration: Indicates equipment subject to excessive movement or loading.

  • pH: Critical for water-based processes to avoid corrosion.

Data from these sensors helps contextualize asset health data from other systems.

Additional Sensor Applications

Other valuable sensor applications include:

  • Flow meters to find blockages reducing throughput.

  • Level sensors to prevent overflows or dry running.

  • Pressure sensors to detect impacts on pump cavitation.

  • Acoustic sensors to identify abnormal equipment noises.

Best Practices for Sensor Deployment

Follow these best practices when deploying sensors:

  • Start with critical assets with frequent failures.

  • Take baseline readings to determine normal operating signatures.

  • Ensure proper sensor positioning and orientation.

  • Select wireless sensors when feasible to simplify installation.

  • Validate sensor data quality before reliance.

  • Train technicians on proper sensor handling.

  • Pick sensors that easily integrate with analytics platforms.

Top Sensor Providers

Company Sensor Types Key Features
Texas Instruments Ultrasonic, temperature, pressure Long battery life, precise
Emerson Vibration, temperature, pressure Rugged, integrated systems
Honeywell Pressure, temperature, flow Wireless options, hazardous areas
Rockwell Automation Vibration, current, temperature Easily installed, open protocols
TE Connectivity Pressure, temperature, load Easy integration, preconfigured

Predictive Maintenance Analytics Software

Analytics software is the brains of predictive maintenance, applying advanced algorithms to equipment data to predict failures before they occur.

Analytics Techniques

Here are some of the techniques used:

  • Correlation analysis: Identify variables having significant statistical relationships, like vibration and temperature.

  • Regression analysis: Model the relationship between variables, likeoperating conditions and failure rates.

  • Signal processing: Isolate useful data from noisy signals and filter out outliers.

  • Machine learning: Train models to automatically detect anomalies, classify issues, and make predictions using historical data. Common algorithms include:

    • Random forests for classification

    • Recurrent neural networks for sensor sequence modeling

    • Gradient boosting machines for regression

Analytics Capabilities

Top analytics platforms offer capabilities like:

  • Anomaly detection: Identify patterns deviating from normal behavior.

  • Failure prediction: Forecast likelihood and timing of potential breakdowns.

  • Fault diagnostics: Classify root causes like bearing wear vs shaft misalignment.

  • Maintenance recommendations: Suggest optimal maintenance actions to address risks.

  • What-if simulation: Assess the potential impact of different decision scenarios.

  • Digital twin integration: Incorporate digital twin data for higher fidelity insights.

Cloud vs Edge Deployment

Analytics software can run in the cloud or at the edge. Key differences:

  • Cloud provides more computing power for complex algorithms. Enables easy centralized data aggregation.

  • Edge allows low-latency analysis and immediate local response. Useful when internet connectivity is unreliable.

Hybrid implementations balance both capabilities.

Analytics Best Practices

Follow these guidelines to maximize the value of analytics:

  • Start with high priority assets generating the most downtime when failed.

  • Align with subject matter experts to build effective prediction models.

  • Clean and preprocess data to train models on quality data.

  • Continuously update models as new data becomes available.

  • Interpret predictions with context before overreacting.

  • Implement feedback loops to improve model accuracy over time.

Leading Predictive Maintenance Analytics Vendors

Company Key Features Use Cases
GE Machine learning models, digital twin integration Aerospace, energy, transportation
Uptake AI-driven insights, custom visualizations Manufacturing, utilities, oil & gas
SAS Anomaly detection, failure prediction analytics Automotive, aerospace, energy
SAP Risk identification, maintenance recommendations Chemicals, consumer goods, oil & gas
Falkonry Rapid localized edge analytics Manufacturing, oil & gas, utilities

Maintenance Scheduling Software

Once potential equipment failures are predicted, maintenance work orders need to be scheduled. Scheduling software handles this planning by:

  • Prioritizing work orders based on asset criticality and predicted failure timelines

  • Optimizing technician assignments considering proximity, skill sets, and availability

  • Coordinating inventory, spare parts, and materials for jobs

  • Accommodating production schedules and equipment availability windows

Leading solutions include Oracle EAM, IBM Maximo, SAP PM, Fiix, UpKeep, and eMaint.

Key Scheduling Software Features

  • Risk-based prioritization: Focus on highest risk failures first.

  • Skills matching: Match work to qualified technicians.

  • Inventory integration: Ensure needed parts are in stock.

  • SLA tracking: Monitor completion time performance.

  • Mobile access: Enable technicians to view assignments and report progress remotely.

  • Shutdown optimization: Coordinate maintenance with production schedules.

Implementation Best Practices

  • Initially schedule reactive and preventive maintenance before transitioning to predictive.

  • Phase predictive maintenance program by asset criticality.

  • Set realistic technician capacity estimates.

  • Monitor wrench time spent on actual repairs vs overhead.

  • Continuously refine schedule optimization rules.

Leading Scheduling Software Vendors

Company Key Features Asset Focus
Oracle Risk profiles, EAM integration Oil & gas, chemicals, utilities
IBM Maximo Failure prediction, inventory management Transportation, oil & gas, automotive
SAP MRP integration, safety tracking Aviation, mining, utilities
UpKeep Mobile access, sensor integrations Manufacturing, facilities
Fiix Technician matching, job costing Manufacturing, food & beverage

The Path to Predictive Maintenance

Evolving to predictive maintenance delivers tremendous benefits but requires careful planning and phasing:

1. Define KPIs: Determine key metrics like reducing downtime hours and maintenance costs.

2. Assess data infrastructure: Identify sensor and data gaps that need to be addressed.

3. Build business case: Make the ROI case for predictive maintenance investments.

4. Start small: Pilot a focused program on critical assets before expanding.

5. Phase implementations: Rollout solutions incrementally to prove value before broad adoption.

6. Monitor results: Continuously track KPIs vs targets to quantify benefits.

7. Incorporate learnings: Refine the program based on lessons learned during pilots and initial rollouts.

Proper scoping, planning, and phasing are imperative for a successful predictive maintenance program.

The Future of Predictive Maintenance

Predictive maintenance is only getting started. Emerging trends that will shape its future include:

  • AI-powered analytics: Deep learning techniques will provide more accurate failure predictions.

  • Digital twin integration: Merging virtual models with operational data will enhance insights.

  • Augmented workers: AR/VR will provide maintenance techs more guidance and expertise.

  • Automated work planning: Scheduling will increasingly happen without human intervention.

  • Predictive maintenance 4.0: Tighter integration of OT, IT, and data science will accelerate capabilities.

Conclusion

Predictive maintenance is transforming equipment maintenance and reliability across asset-intensive sectors like manufacturing, oil and gas, utilities, and transportation. By leveraging IoT sensors, industrial analytics, and work order scheduling tools, companies can slash unplanned downtime up to 50% and reduce maintenance costs 20-25%.

This guide provided an in-depth look at predictive maintenance technologies, top tools, and implementation best practices. The keys to success are phasing implementations based on asset criticality, piloting solutions before broad adoption, and continuously monitoring results against KPI targets.

Companies that embrace predictive maintenance position themselves to maximize asset availability while minimizing cost. As predictive algorithms grow more powerful leveraging AI, the value proposition will only become more compelling.

  1. Deloitte, "Making maintenance smarter", 2017.
  2. ARC Advisory Group, "Gain Control of Production Equipment Reliability", 2019.
  3. ABI Research, "Prescriptive Analytics and Maintenance", 2015.
  4. McKinsey, "The Internet of Things: Mapping the Value Beyond the Hype", 2015.
  5. Aberdeen Group, "Predictive Maintenance Gets a Boost from the IoT", 2017.