Good morning, CIOs. The concept of predictive maintenance, or addressing looming problems with equipment before they become manifest, has been around for years now. It often plays an aspirational role, as an endpoint on someone’s IT roadmap to the future, or somesuch. Energy giant Chevron Corp. seems to be arriving at this destination now.
Chevron has launched an effort to predict maintenance problems in its oil fields and refineries, CIO Journal’s Sara Castellanos reports. Advances in the functionality and economics of sensors, data analytics and cloud computing are making adoption easier. Chevron executives say could lead to savings of millions of dollars annually.
A big shift. Working with Internet of Things services from Microsoft Corp., Chevron aims to enable thousands of pieces of equipment with sensors by 2024 to predict exactly when equipment will need to be serviced. “In the past, we had to figure out how equipment was performing,” said Chief Information Officer Bill Braun in an email. “In the future, the equipment will tell us how it’s performing. This represents a big shift.”
Predictive growth. Microsoft’s $5 billion, four-year investment in the sector was announced in April. There will be an estimated 25.1 billion devices connected to the internet by 2021, up from 6.3 billion in 2016, according to recent research from Gartner Inc. As that growth occurs, will capabilities such as predictive maintenance become must-haves for competitive companies? Let us know what you think.
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Dad, the internet sucks. According to Reliance head Mukesh Ambani, the idea for the network came after his daughter struggled to submit her course work online after coming home from Yale University during a break. “Dad, the internet in our house sucks,” she complained.
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EVERYTHING ELSE YOU NEED TO KNOW
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Supreme Court nominee Brett Kavanaugh wouldn’t say whether a president could pardon himself or must comply with a subpoena. (WSJ)
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