Reliability as a service
Cloud computing enables more efficient condition monitoring and optimizes equipment health.
Software as a service (SaaS), also commonly referred to as “cloud computing” or “on-demand services,” is sweeping through enterprises in just about every industry and every discipline – including condition monitoring and predictive maintenance. Reliability as a service, or RaaS, allows a customer to license an application for use as a service on demand, either through a time subscription or pay-as-you-go model rather than purchasing hardware and software to run stand-alone applications. In the RaaS model, customers need only a computer or a server to download an application and Internet access to run the software and to take full advantage of centralized data management, power, and security infrastructures coupled with collaboration tools and direct access to certified PdM experts. Despite being a relatively new term to the industry, plant management and reliability and maintenance professionals need to familiarize themselves with RaaS as it enhances operational efficiencies, improves reliability and drives ROI.