Alan Friedman
Machinery Vibration Analysis (and other condition monitoring technologies) has been around for over 40 years. Most medium to large sized companies employ this technology either in-house or via outside contractors. In recent years we have seen an explosion of new companies offering remote monitoring capabilities via wireless sensors. Companies that use the technology correctly can expect a 20:1 to 30:1 return on investment (ROI).
HOWEVER
Most companies do not use the technology correctly. Most companies do not measure ROI and most companies are not getting these large returns! In fact, it is the authors opinion that up to 70% of these programs are a waste of money.
What causes programs to fail? What causes them to not get these ROIs? How do we do things better? These are the themes of this presentation, based on the best book in the world on this topic: "Audit it. Improve it! Getting the Most From Your Vibration Monitoring Program".