{"id":2537,"date":"2021-04-08T20:16:26","date_gmt":"2021-04-08T14:46:26","guid":{"rendered":"https:\/\/factech.co.in\/blog\/?p=2537"},"modified":"2023-10-06T13:06:40","modified_gmt":"2023-10-06T07:36:40","slug":"future-prospects-of-maintenance-management","status":"publish","type":"post","link":"https:\/\/factech.ai\/blog\/future-prospects-of-maintenance-management\/","title":{"rendered":"Future Prospects of Maintenance Management"},"content":{"rendered":"<h2><em>Technology advances in every area of life have been greater than they have ever been in human history, particularly since the year 2000, and maintenance management is no exception.\u00a0<\/em><\/h2>\n<p><span style=\"font-family: arial, helvetica, sans-serif;\">BUT BEFORE READING ABOUT THE ADVANCEMENTS IN MAINTENANCE MANAGEMENT AND ABOUT ITS POSSIBLE FUTURE, LET US FIRST KNOW-<\/span><\/p>\n<h1>What is maintenance management?<\/h1>\n<p><span style=\"font-size: 19px;\">Keeping track of assets and parts is part of maintenance management. The goal is to ensure that manufacturing runs smoothly and that as few resources as possible are wasted. This is usually achieved by a customized mix of software, procedures, and resources that are all focused on achieving these objectives.<\/span><\/p>\n<p><span style=\"font-size: 19px;\">Maintenance management as a profession and an integral part of corporate strategy did not always exist in the form we see it today. It&#8217;s a term that&#8217;s developed all over the world, particularly in the last 50 years, with even more important developments in the last decade or so.<\/span><\/p>\n<p><span style=\"font-size: 19px;\">As businesses started to understand the effect of maintenance on their productivity, what began as the sole responsibility of engineers and technicians began to develop into a backbone of business operations.<\/span><\/p>\n<h2><span style=\"font-family: arial, helvetica, sans-serif;\">The advent of technology has had a major impact on maintenance management<\/span><\/h2>\n<p><span style=\"font-family: arial, helvetica, sans-serif;\">Like mentioned before, Technology advances in every area of life have been greater than they have ever been in human history, particularly since the year 2000, and maintenance management is no exception.<\/span><\/p>\n<p><span style=\"font-family: arial, helvetica, sans-serif; font-size: 17px;\">The following areas of maintenance management have been influenced by the effects of these emerging technologies:<\/span><\/p>\n<ul>\n<li><strong>Communication <\/strong>&#8211; Now with the advent of technology, from the most remote areas, technicians can interact with any other member of the team. They can also use the camera and video features on their phones to record and monitor any problems with properties in real time with pinpoint accuracy.<\/li>\n<li><strong>Maintenance activities &#8211;<\/strong> With the\u00a0introduction of different sensors\u00a0that can relay information about equipment health and potential failure in real time, technicians are no longer tied to outdated practices that were the norm in past decades.<\/li>\n<li><strong>Software support &#8211; <\/strong>the use of sophisticated software like computerized maintenance management systems (CMMS) and enterprise resource planning (ERP) has helped moved from the days of corrective maintenance to more proactive strategies like Risk-Based Maintenance and Condition Based Monitoring.<\/li>\n<\/ul>\n<h2><span style=\"font-family: arial, helvetica, sans-serif;\">Maintenance Management&#8217;s Future Prospects<\/span><\/h2>\n<p><span style=\"font-family: arial, helvetica, sans-serif;\">Let&#8217;s take a quick look at two primary areas where digital transformation is supposed to have an effect on maintenance:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 17px;\"><strong>The Internet of Things (IoT) &#8211; <\/strong>Equipment downtime is especially costly in some industries (such as mining and manufacturing), and any failure can result in significant losses. Take, for example, the mining industry. Operators are continually under pressure to optimize efficiency while minimizing downtime. Consider a situation where an autonomous truck is being used to transport iron ore from a mine. Some of these trucks are so big and costly that simply replacing a set of tyres will cost up to $100,000. Rather than waiting for a truck to break down or for scheduled maintenance, cautious mine managers now equip these vehicles with smart sensors that track their condition, speed, temperature, position, vibration, and other factors and send the data back for analysis.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Most of these trucks are now self-driving and can operate without constant human intervention thanks to IoT-enabled technology. This eliminates the need for humans to be sent deep into the mine shaft for safety purposes, as well as labor costs.<\/span><\/li>\n<li><span style=\"font-size: 17px;\"><strong>Virtual\/augmented reality &#8211; <\/strong>They both (virtual and augmented reality) have applications in the following areas:-Where real-life training is not feasible, easy, or poses a significant risk of damaging costly equipment, technicians are trained using simulators.-Assisting technicians with their repair responsibilities. Technicians may show experts in a remote location what they need support with using VR or AR, and these experts will then direct them through the process.<\/span><\/li>\n<\/ul>\n<h2>\u00a0Following are some major emerging trends in maintenance maintenance<\/h2>\n<p><span style=\"font-family: arial, helvetica, sans-serif;\">Some emerging trends that will help shape the future of maintenance management:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 18px;\"><strong>Technology Adoption:<\/strong>\u00a0Computers, networks, and mobile devices are now in the hands of almost every employee\u2014including the maintenance team.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Enter the Digital Native:<\/strong>\u00a0Older workers are retiring, and the younger \u201cdigital natives\u201d coming onboard have a deeper understanding of technology and its capabilities.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Data-Driven Management:<\/strong>\u00a0Managers want the ability to back up decisions with hard data\u2014requiring better tracking and reporting systems.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Mobile Technology:<\/strong>\u00a0Mobile technology is expanding rapidly, and the ability to connect from the field is a natural fit for maintenance operations.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Better, Faster, Cheaper:<\/strong>\u00a0Computerized maintenance management system (CMMS) software is now more affordable and easier to implement than ever, putting it within virtually every organization\u2019s reach.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>The Cloud:<\/strong>\u00a0Increasing bandwidth and more affordable hosting options mean you don\u2019t need expensive hardware or a highly skilled internal IT team to access great software.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Systems Integration:<\/strong>\u00a0CMMS data now links easily with other systems, such as ERP and accounting software, predictive maintenance monitors, building automation systems, and more.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Insourcing vs. Outsourcing Analysis:<\/strong>\u00a0CMMS tools can help you analyze which tasks, processes, or functions you should keep in-house and which you should consider outsourcing.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Sustainability and Environmental Impact:<\/strong>\u00a0More organizations are seeking LEED and other \u201cgreen\u201d certifications. They need reliable maintenance and facility data to achieve and maintain them.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>Regulatory Compliance:<\/strong>\u00a0Regulatory bodies are requiring increasingly complex recordkeeping. Organizations that meet this challenge are saving millions in fines and liability lawsuits.<\/span><\/li>\n<li><span style=\"font-size: 18px;\"><strong>The Internet of Things:<\/strong>\u00a0The rapidly growing market for IoT devices creates an opportunity for maintenance managers to use that data to improve the efficiency of their maintenance operations.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 18px;\"><a href=\"https:\/\/factech.co.in\"><strong>Factech is helping customers<\/strong><\/a> in digitizing their facility operations with advance and easy-to-use technology.<\/span><\/p>\n<p><span style=\"font-size: 18px;\"><a href=\"https:\/\/factech.ai\/contact?req=contact&amp;from=www\"><strong>Contact Now for optimizing your operations.<\/strong><\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technology advances in every area of life have been greater than they have ever been in human history, particularly since the year 2000, and maintenance management is no exception.\u00a0 BUT BEFORE READING ABOUT THE ADVANCEMENTS IN MAINTENANCE MANAGEMENT AND ABOUT ITS POSSIBLE FUTURE, LET US FIRST KNOW- What is maintenance management? Keeping track of assets<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[1450,1274,136,1275,1272,1452,1451,1448,1271,1449],"post_folder":[],"class_list":["post-2537","post","type-post","status-publish","format-standard","hentry","category-facility-management-software","tag-advance-technology-in-cmms-and-cafm","tag-advent-of-technology","tag-cmms","tag-emerging-trends-in-maintenance-management","tag-future-of-maintenance-management","tag-future-of-workplace-management","tag-latest-cmms-technology","tag-machine-learning-and-preventive-maintenance","tag-maintenance-management","tag-role-of-ai-in-building-management"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is maintenance management | Factech<\/title>\n<meta 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