Seeing around the corner: an analytic approach for predictive maintenance using sensor data

Zhongju Zhang, Pengzhu Zhang

Research output: Contribution to journalArticle

2 Scopus citations

Abstract

Technological advancements such as the industrial Internet of Things now allow companies to continuously monitor the operating conditions of expensive equipment using sensors. With the tremendous amount of sensor data flowing in continuously, equipment makers are seeking innovative analytical solutions to turn operational data to help guide their tactical and strategic decisions. Using sensor data on wind turbine operations and service records from a top Fortune 100 company in the energy industry, we showcase techniques to map out operational-level data for analysis, and develop several analytical models (a sequence analysis, a logistic regression and a survival model) to help predict and evaluate equipment failure risks. Our analyses highlight the significant value propositions of sensor data in the big data era. Practical implications as well as extensions of the proposed predictive models are discussed.

Original languageEnglish (US)
Pages (from-to)333-350
Number of pages18
JournalJournal of Management Analytics
Volume2
Issue number4
DOIs
StatePublished - Oct 2 2015

Keywords

  • business intelligence
  • data analytics
  • predictive maintenance
  • survival analysis

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Statistics, Probability and Uncertainty
  • Statistics and Probability

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