July 2017
Beginner to intermediate
378 pages
10h 26m
English
Content preview from Analytics for the Internet of Things (IoT)
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Situation
The economics of predictive maintenance may not be entirely obvious. Believe it or not, it does not always make sense, even if you can predict early failures accurately. It many cases, you will actually lose money by doing it. Even when it can save you money, there is an optimal point for when it should be used. The optimal point depends on the costs and the accuracy of the predictive model.