Utilizing our data analytics algorithms, we are able to produce predictive analytics which is a process of using statistical and data mining techniques to analyze historic and current data sets, create rules and predictive models and predict future events. Data analytics is an integral tool to an asset manager’s ability to identify opportunities for improving operational efficiencies, apply lessons learned, and improve the lifecycle cost of their physical assets.
The scope of services that PACOTECH™ offers includes conducting a comprehensive review of entities’ assets and preventive maintenance business process including the following:
Once this data gathering and analysis phase are completed recommendations are developed and implemented to ensure that key performance indicators (KPIs) and required meta data are being captured and integrated as part of the overall preventive maintenance process. The collection of comprehensive data about your assets will enable you to improve operational efficiencies. With both real-time and historical data, you can analyze KPIs to help you optimize your assets. Our system allows managers to combine multiple search clauses to create custom reports based on asset type, application, location, and timestamp. KPIs enable you to know whether you’re meeting your targets.
PACOTECH™ is as invested in your success as you are, and we’ll work with you to implement a data analytics solution for your asset management program customized to help your business.