According According to data compiled in 2018 by software service management company Oneserve , most manufacturers will lose between £ 60,000- £ 500,000 ($ 80,000- $ 665,00 ) each year as a result of unplanned machine downtime . This prediction is based on an average failure rate of every two and a half months . Predictive Maintenance is potentially one of the greatest achievements of Industry 4.0 , bringing enhanced monitoring to every machine in the production process of the future . This could reduce unplanned downtime by an estimated 50 % through the ability to foresee problems and plan maintenance in advance .

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