Smart Innovators: Fault Detection, Diagnostics & Predictive Maintenance

Published 1 May 2018 by 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.

Table of contents

Smart Innovators: Fault Detection, Diagnostics & 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

Table of figures

Figure 1. Typical Fault Detection, Diagnostics & Predictive Maintenance Vendor Segmentation
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

Organisations mentioned

Accruent, Bausch + Ströbel, Bloomberg, Blue Pillar, BuildingIQ, BuildPulse, C3 IoT, Connexx Energy, CopperTree Analytics, Daikin, Demand Logic, Dude Solutions, Eagle Technology, eMaint, EnerNOC, enertiv, ENTOUCH, Envizi, European Commission, FacilityConneX, Fiix, Fluke, GE, GridPoint, Honeywell, IBM, ICONICS, Johnson Controls, KGS Buildings, KONE, LIFTINZICHT, MCS Solutions, Microsoft, MRC Polymers, Panoramic Power, Planon, Powerhouse Dynamics, Renown Electric, Rheem, Senseye, ServiceChannel, Schneider Electric, Siemens, Site 1001, SkyFoundry, Switch Automation, thyssenkrupp, TransformativeWave, Ultimo Software Solutions, United Technologies, Uptake Technologies, Verco, Verisae, WeWork, WRLD, Yardi

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 technologies, best practices and growth strategies. His current agenda is focused on establishing facility optimization software as a distinct category of technology investment. Derrek has ten years of experience as a licensed architect. He joined Verdantix in 2014 and previously worked at global architecture and engineering firm HOK. Derrek holds a Masters in Architecture from Parsons and a Masters in Sustainability Management from Columbia University.

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