What is Lubricant Analysis

The essential aim of Industry 4.0 is to enable industries to be more productive, efficient, and flexible. A predictive maintenance strategy can make a positive contribution to all these things, as it uses industrial IoT technologies to monitor asset health, optimise maintenance schedules, provide real-time alerts about operational risks, and maximise uptime, and can provide digital services to customers based on data from its machines. It improves productivity, improves customer satisfaction, and therefore gives the company a competitive advantage. Nevertheless, decision making in relation to a predictive maintenance strategy is not systematised, and this may lead to some inappropriate decisions, which do not achieve the goal sought. This chapter describes a multicriteria model, designed with the analytic hierarchy process, to systematise decision making with respect to a predictive maintenance strategy.