5 Data-Driven Decision-Making
5.1 Data for Decision-Making
Data are the source for generating the information and knowledge needed to make proper operational and strategic maintenance management decisions. Maintenance data comprise:
- Data collected during the execution of preventive maintenance (PM) and condition monitoring (CM).
- Various kinds of supplementary data (e.g. age of machines, spare parts, waiting time, and travel time for repair and service).
Data analysis is the process of extracting information from the data collected for this purpose and can be either qualitative or quantitative.
Data represent a collection of realisations of a measurable quantity such as component failure times, component material ...
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