It’s the Catch-22 of successful predictive analytics: When unexpected events such as unplanned downtime have been all but eliminated, what’s the value of prediction? How much continuing investment does an unpredictable future justify? The hard lesson of so many catastrophic events—industrial accidents and terrorist attacks alike—is that they were avoidable. With 20/20 hindsight, the data was available to predict the events, and there was time to intervene and head off disaster. How much have the avoidable catastrophic events of the 21st century cost us, and how much would we have willingly spent to prevent them?Events that don’t happen have value, and…Full Story
Making your first real go at predictive maintenance? Here are the ingredients for success.