Why Enterprise Asset Management has to change to Asset Performance Management

Since the industrial revolution, the manufacturing processes have gone through several revolutions, which are characterized by increasing automation. Today, the fourth industrial revolution, known as Industry 4.0, uses big data and machine learning to drive intelligent, highly automated processes. There are also similar developments in system maintenance. In the course of Maintenance 4.0, not only will previous manual maintenance processes be digitized, but the power of data will also be used so that companies can predict the failure of systems and automatically initiate correction processes.

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