Digital transformation is taking every industry by storm and it has now reached the transportation and logistics industry too. Digital technologies like IoT, cloud services and advanced analytics are disrupting the methods and management of transportation assets. Yet, many organizations haven’t harnessed transportation data to improve operations of mobile assets.
It is estimated that more than $1 trillion is spent each year replacing perfectly good equipment in the U.S. alone.
To make the most of these opportunities, a growing number of operators are adopting condition-based maintenance (CBM). The advantages of creating a digital infrastructure to implement CBM run far beyond lowering maintenance costs. CBM plays a critical role in ensuring overall fleet availability, reducing downtime costs and meeting regulatory requirements.
Download this whitepaper to know more about what condition based maintenance and understand its impact on transformation.