Abstract
This chapter examines the evolution of maintenance practices in the context of the Fourth Industrial Revolution (4IR), highlighting the shift from traditional reactive approaches to digital maintenance strategies. It explores how organizations leverage advanced technologies, including the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, to enhance maintenance effectiveness and create competitive advantages. The chapter begins by outlining fundamental maintenance principles and the importance of aligning digital transformation with global standards. It addresses the limitations of conventional preventive and corrective maintenance methods, such as high costs and operational disruptions, and presents a comparative analysis of various maintenance strategies. Through real-world case studies, it demonstrates how organizations across different industries achieve significant improvements in efficiency, reliability, and safety by adopting digital maintenance practices. Ultimately, the chapter serves as a guide for organizations seeking to optimize asset management and drive innovation in the 4IR landscape.
| Original language | English |
|---|---|
| Title of host publication | A Research Agenda for Industry 4.0 |
| Subtitle of host publication | Design, Development and Implementation with AI |
| Publisher | Edward Elgar Publishing Ltd. |
| Pages | 193-226 |
| Number of pages | 34 |
| ISBN (Electronic) | 9781035341221 |
| ISBN (Print) | 9781035341214 |
| DOIs | |
| Publication status | Published - 1 Jan 2025 |
Keywords
- Artificial intelligence
- Asset management
- Big data analytics
- Digital maintenance
- Fourth Industrial Revolution
- Internet of Things
ASJC Scopus subject areas
- General Economics,Econometrics and Finance
- General Business,Management and Accounting
- General Computer Science