IoT Predictive Maintenance
Predicting Tomorrow’s Maintenance Today
Contingency planning. Equipment servicing programs. Asset Warrantees. Each of these well-known practices operate on the premise that predicting tomorrow’s maintenance problems today is a complex task, laden with unpredictable pitfalls. While outdated maintenance models and cumbersome processes have attempted to provide clarity, being armed with the information needed to take corrective action ahead of time is an endeavour that facilities departments have been undertaking with varying degrees of success for years.
That’s why LoweConex have developed the latest IoT predictive maintenance offering on the market. With LoweConex you can begin to accurately predict issues before they happen, reduce unnecessary engineer callouts and work orders, create data-driven PPM regimes, and prolong equipment lifespans - all in one centralized location.
For many retail estates, the reality of a diverse range of assets combined with differing levels of access and insight into asset performance is a disjointed overview, one that many facilities managers struggle to unravel. With LoweConex, next-gen visualisation is at your fingertips.
LoweConex connects directly to your assets and transfers data via secure channels to a patented cloud-based data sphere. This IoT platform enables users to visualise their data in detail across multiple store locations, with a single colour coded sphere capable of displaying over 2 million individual assets across 2,700 sites.
Collecting c.100 million data instances per minute at a data resolution of 60 seconds, LoweConex can overlay otherwise unconnected data points to predict breakdowns, provide comprehensive performance understanding, triaging and fault diagnosis. Automatically monitoring equipment, LoweConex can remotely apply fixes and take corrective action to improve system running conditions using truth-based and rule-based logic.
FM Dashboards and SLA Tracking
When the capability to monitor live running performance and alarm telemetry for assets estate wide is paired with open API functionality, integrating LoweConex with your existing work order systems is not only easy but increases efficiency. Once connected, LoweConex can automatically raise work orders in 3rd party systems and utilizing rule-based logic ensure work orders are only created when necessary – preventing unnecessary engineer callouts.
With curated dashboards that give a live overview of your estate, facilities teams can track the number of daily work orders created, percentage of repeat calls and SLA compliance. Monitor work orders raised per site as a useful store benchmarking tool or analyse the percentage of calls attended within SLA to gain a live and accurate comparison of contractors’ performance – a key cost centre for customers with large asset fleets.
Reduced Maintenance Costs
One of the most obvious and appealing benefits of IoT predictive maintenance is a reduction in maintenance costs. Using LoweConex technology to overcome poor fault visibility, apply remote fixes, analyse work order volumes, and monitor SLAs enables facilities teams to drive operational efficiencies.
An advantage a LoweConex retail customer learned first-hand when they reported a significant return on investment. For every £1 spent on LoweConex, they saw a reduction of £8 in maintenance costs. Read how they achieved a 32% reduction in work orders in just 12 months, across an estate of over 4,000 stores.
Increased Asset Lifespan
With increased oversight and a comprehensive understanding of estate-wide asset performance comes increased asset lifespans.
LoweConex uses data to predict when equipment failures are about to take place by analysing live performance data and alarm telemetry to automatically identify an equipment breakdown and maintenance requirements. This allows PPM frequency to be scheduled in response to live data, enabling facilities teams to avoid undetected issues turning into costly equipment repairs or permanent damage that calls for replacement assets.
Realise Operational Efficiencies
Powered by cutting edge IoT core technology, LoweConex is helping facilities departments realise operational efficiencies, delivering improved processes that are positively impacting the bottom line.
Whether you want to predict breakdowns before they happen, increase control over contracted maintenance or would benefit from intelligent insight across your entire estate – LoweConex can deliver a tailored solution to meet your requirements.