Maintenance 5.0: The Future of Smart, Sustainable Asset Management

Bas Beemsterboer, the EAM Evangelist at IFS, explains that Maintenance 5.0 transcends mere buzzwords; it represents the convergence of insight and innovation in the realm of business operations and physical asset management.

The remarkable surge in the market for wearable Artificial Intelligence (AI) and wireless sensor network (WSN) devices can be attributed to the global uncertainties stemming from events like COVID-19 and the conflict in Ukraine. These events have compelled companies to explore novel approaches to maintain and enhance production with limited resources.

However, at the core of Maintenance 5.0 lies the recognition that the true game-changer isn't solely technology itself, but the profound insights it can furnish. Equipped with these insights, businesses, irrespective of their size, can substantially reduce downtime, optimize maintenance procedures, prolong the lifespan of their assets, and realize substantial cost savings. This paradigm shift translates into more astute decision-making, heightened competitiveness, and robust risk management and compliance measures.

Read the full article from IFS here.