MACHINERY LUBRICATION- INDIA NOVEMBER-DECEMBER 2019 | Page 5

Jim Fitch | Noria Corporation
AS I SEE IT
Maintenance and Reliability
How the IIoT Is Changing
Condition Monitoring
“The IIoT
does not
and cannot
make all
other forms
of condition
monitoring
obsolete,
but it is a
powerful
enabler.”
T he
i ndu s t r i a l
internet of things
(IIoT) and Industry
4.0 are already
unleashing enormous value in
plants around the world. It seems
that today’s younger, digital
workforce is the energy that
propels this change. Past efforts
had been sluggish to say the least.
Modern consumer products have
put connected devices in our
pocket, on our wrist, in our ears, in
our car and throughout our home.
IoT is projected to deliver between
$1.9 and $4.7 trillion of economic
value by 2025. The IIoT for asset
monitoring is expected to produce
$200-$500 billion in economic
value by 2025. Condition-based
maintenance (CBM), involving
real-time sensing and predictive
maintenance, is viewed as the
“easy win” among all IIoT
applications. Many new online
sensors are being introduced each
year (see Figure 1).
Figure 1. The plethora of new sensors in the condition monitoring space is impressive.
This emerging trend is bound to change the field of condition monitoring forever.
Condition Control Is
the New Game
Condition monitoring describes
the data collection function
needed to sustain machine
reliability. Intelligent machines
and smart factories require the
ability to respond and make agile
course corrections to this data.
Data analytics is the buzz term
related to converting data into
smart, actionable information.
When used to foretell a future
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