IBM announced new business consulting services and software that, together, help C-Suite decision makers predict and prevent damaging supply chain disruptions.
Through IBM's predictive analytics software and business consulting services, the new solution harnesses big data from instrumented assets and identifies irregularities in the manufacturing process, spots product irregularities, and forecasts a range of asset performance risks before a problem ever arises.
Operating, maintaining, and managing assets throughout their lifecycle is a massive built-in expense, made even more critical by the frequency of unpredicted, catastrophic machine failures. Asset downtime, especially, if unplanned, is a multi-million dollar issue for organizations; and the related unscheduled maintenance costs can range from three to 10 times the cost of scheduled maintenance.
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