|IIoT Predictive Maintenance-Redesigning the Maintenance Repair and Overhaul (MRO) Approach, 2018|
|Diversification of Companies’ MRO Offerings With Industrial IoT Platform Enables to Reposition Their Role in the Value Chain and Unleash New Revenue Streams|
The objective of this research is to analyze and evaluate the strategic opportunities for the maintenance, repair, and overhaul (MRO) market as the entire manufacturing landscape is expected to be influenced by the digital transformation. This study offers holistic analysis of OEMs and end-users requirements and evaluates MRO’s current value proposition. In the present dynamic business environment, there has been a dramatic shift in investment activities that are predominantly focused toward plant modernization and upgradation. Manufacturers are revisiting their operational strategies due to the soaring cost of plant maintenance arising from unplanned downtime. As the reduction of operational cost and enhancing plant productivity remain the two key priorities for manufacturers, the study analyzes the role of Industrial Internet of Things (IIoT) in automating manufacturer’s plant maintenance activity and, importantly, the transition toward predictive maintenance.
Key Issues Addressed