Smart Innovators: Fault Detection, Diagnostics & Predictive Maintenance
Derrek Clarke
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Executive Summary
Verdantix selected the fault detection, diagnostics, and predictive maintenance market for a Smart Innovators report because the pace of investment and innovation in this space makes it critical that customers understand how to get the most value out of the different software solutions. This report, for executives responsible for facility management and asset maintenance, builds on Verdantix research in energy and facility optimization management and is further based on 14 vendor interviews and demos. It describes the innovations developed to improve the identification and management of equipment faults and provides examples of the benefits achievable through fault detection, diagnostics, and predictive maintenance.Facility Teams Are Hit By A Triple Whammy Of Lower Spend, Higher Asset Availability And Optimum Condition Goals
Introducing The Fault Detection, Diagnostics & Predictive Maintenance Market
Mature AI Techniques Open Up New Applications For Fault Detection, Diagnostics & Predictive Maintenance
Cutting-Edge Vendors Are Developing Solutions Around Deep Analytics, IoT And Automation To Improve Asset Life-Cycle Management
Business Cases Scale With Complexity Of Facilities, Making Hospitals, Retailers And Airports Leading Beneficiaries
Vendors Will Still Need To Address Key Solution Adoption Challenges
Buyers Need To Be Clear On Their Use Cases When Selecting Vendors
Figure 2. Three Types Of Analytics Tools Used For Fault Detection, Diagnostics & Predictive Maintenance
Figure 3. Applicability Of Different Fault Detection, Diagnostics & Predictive Maintenance Solutions
Figure 4. Fault Detection, Diagnostics & Predictive Maintenance Tech Stack
Figure 5. Typical Stakeholder Objectives For Fault Detection, Diagnostics & Predictive Maintenance Solutions
About the Author
Derrek Clarke
Senior Analyst
Derrek is a Senior Analyst in the Verdantix Smart Buildings Practice. He conducts Verdantix research on energy management and the optimization of building systems covering tec...
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