November 2021

14 | Plant & Works Engineering www.pwemag.co.uk November 2021 Insight C ondition monitoring Condition monitoring essentially informs an asset management strategy by improving a business’ understanding of its assets, how they are functioning, and whether they are detrimental to productivity in the long, medium or short term. It is more than just sticking a sensor on a machine. It’s a consistent evaluation of machine performance over time. In the same way that when a patient’s heart rate, temperature or other readings deviate from the How data, Industry 4.0, and AI are shaping modern asset management How data is stored, collected, managed, and analysed, dictates the success of asset management from company to company. From condition monitoring to informing a spares strategy and even predicting which assets are needed in the future, data, when used well, can provide indispensable information for organisations of any industrial sector. Thomas Boswell* examines how digital industrialisation is transforming MRO and underpinning proactive asset management strategies.