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It refers to the use of internet-connected devices and smart sensors (Ex. Mems based Wired/Wireless Vibration sensors) in industrial settings to collect, analyze, and exchange data.
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Over the next 5-8 years, the condition monitoring services market is poised for substantial transformation driven by the emergence of new technologies.
An effective condition monitoring strategy can significantly reduce the life cycle costs of Plant Assets, but this requires an investment in monitoring technology and expertise.
