How does reducing down time translate into savings?

Predictive maintenance is the obvious successor to preventive maintenance. Where preventive maintenance requires routine checks on machinery, predictive maintenance uses algorithms and data to determine when a machine or part will break down – reducing machinery downtime and overall costs by potentially hundreds of thousands, or even millions, in capital.

Which all sounds great in theory – but what is the practical reality of the cost-savings of a predictive maintenance regime? Fill out the calculator to find out how much predictive maintenance could save you.