Presentation

The Next Frontier for IoT Predictive Maintenance

Speaker

Markus LarssonHead of PARC Predictive Maintenance - PARC, a Xerox Company

Time & Location

Wednesday: 12.20 to 12.40, Stage 3

About this presentation

Unplanned downtime is one of the largest sources of lost production in the manufacturing world, leading directly to a loss of possible revenue. The rise of the Internet of Things has led to the development of advanced predictive maintenance solutions aiming to help manufacturers achieve the ultimate goal: zero unplanned downtime. While advances in technology have led to broader adoption of these IoT solutions, many of them are still not accurate enough to rely on. To make the jump from condition monitoring to real prognostics, we need to think outside the box and move beyond the data-science based prediction models today’s solutions rely on. Markus Larsson from Xerox’s Palo Alto Research Center (PARC) talks about how we can unlock the benefits of true prognostics.

Speaker Bio:

Markus is a member of the PARC executive leadership team, with 15 years of corporate and startup innovation, and innovation partnership experience in the industrial and consumer sectors.