Predictive analytics can make things better for machining processes

Machine shops are also beginning to utilize predictive analytics, which is expected to have a positive impact on the CNC machining market. Since critical equipment repairs often cost manufacturers huge sums, predictive technology is helping companies reduce downtimes due to repairs and keep processes running smoothly. In some cases, predictive maintenance technologies can reduce repair costs by 20% and unplanned outages by 50%, extending machinery life expectancies.

Source:Thomas Insights

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