How might global companies like Apple or Tesla incorporate predictive maintenance tools into their operations to anticipate equipment failures?

The oil and gas industry is a prime example of an industry that has successfully implemented predictive maintenance tools. Companies like BP and Shell use predictive maintenance to monitor their drilling equipment and pipelines for potential failures. This has led to a significant reduction in costly downtimes. Another example is the aviation industry. Airlines such as Delta and Southwest use predictive maintenance tools to monitor their aircraft for potential mechanical issues. This allows them to address these issues before they lead to costly delays or cancellations.

Some alternative strategies to predictive maintenance tools for extending the lifespan of equipment in industries reliant on heavy machinery include regular manual inspections, preventive maintenance schedules, and the use of high-quality parts and materials. Training staff to operate machinery correctly and safely can also help to extend equipment lifespan. Additionally, implementing a robust repair and replace policy can ensure that worn-out or damaged parts are dealt with promptly, preventing further damage to the machinery.