Why does this matter operationally?

Cost Efficiency

132 terms

Predictive Maintenance Predictive Maintenance is a maintenance approach that uses condition data and analysis to predict when equipment is likely to need service, enabling scheduled intervention before failure occurs. Operations Predictive Maintenance Model Predictive Maintenance Model is an analytical model used to estimate when equipment is likely to require maintenance or fail, enabling proactive service planning through analysis of condition data and historical… Software Private Cloud Private Cloud is a cloud computing environment dedicated to a single organization, whether hosted on-premises or by a third party. It combines cloud-style service with dedicated control. Service Model Process Simulation Model Process Simulation Model is a model that represents process behavior so engineers can test, analyze, or predict how the process will respond under different conditions. Concept/Framework Process Variable Process Variable is the measured value of a physical process that a controller monitors and regulates. It is the current observed process state. Operations Profibus Profibus is an industrial communication protocol used to connect automation devices, controllers, and field equipment. Protocol Public Cloud Public Cloud is a cloud environment operated by a provider and shared across multiple customers. It delivers services over network interfaces while the provider manages the underlying infrastructure. Service Model Redundancy Redundancy is the use of duplicate or alternate components so a system can continue operating after a failure. It supports availability and fault tolerance. Operations Redundancy Scheme A Redundancy Scheme is a design approach that duplicates or backs up components so a system can keep operating after a failure. It improves availability and fault tolerance. Operations Resilience Resilience is the ability of a system to withstand disruption, recover from faults, and adapt to changing conditions while maintaining acceptable operation. Operations