Predictive Maintenance techniques are designed to help determine the condition of the machine, equipment or tool in operation, so that a fact based estimate of maintenance window could be determined. Thus it can be more aptly termed as the prediction of a likely failure
Industry 4.0
The Fourth Industrial Revolution, also known as Industry 4.0 is the current trend of automation of traditional manufacturing and industrial production practices using smart technology. Internet of Things (IoT) and Machine-to-Machine (M2M) communication are integrated to achieve increased automation, smart communication and self-monitoring capabilities.