ARC View: A report on asset management KPIs with Industry 4.0
ARC Advisory Group has published ARC View, a report on how Industry 4.0 applications with IoT and analytics are impacting the maintenance function and associated business processes of industrial assets such as manufacturing equipment. The report highlights how this will provide the potential for radical improvements in key performance indicators (KPIs).
Sachin Bhavsar, Industry 4.0 leader and practitioner, TCS, spoke to ARC on current trends such as:
- How digital transformation in maintenance management can dramatically improve traditional KPIs such as MTBF (mean time between failure) and MTTR (mean time to repair)
- How IIoT (Industrial Internet of Things) and analytics enable two higher-level maintenance practices: predictive and prescriptive
- TCS offers a broad portfolio of solutions, services, and domain expertise in industrial asset management for enterprise asset management (EAM), reliability, and Industry 4.0