European manufacturers and transport operators bet on predictive maintenance solutions to cut the costs of unplanned downtime and emergency maintenance of their assets.Current maintenance processes are lacking in efficiency and need to be streamlined as the majority of European organizations do not consider them very efficient.

Predictive analytics can revolutionize maintenance processes and bring tangible business impact, which is why more than half of European organizations already run predictive maintenance initiatives. Appetite for predictive maintenance is growing and more than 80% of the companies are planning further investments over the next two years. European businesses are facing significant pressure on multiple fronts. Improving operational efficiency and customer satisfaction, however, are among the major priorities in driving predictive maintenance initiatives.