All it takes is one or two "catches" preventing a failure in a large system to justify the cost of deploying technology that can take in all the data from these systems and provide a more targeted approach to maintaining them, Gillen said.
National Instruments is working with IBM and its recently launched Internet of Things capability, which is part of IBM's Bluemix cloud platform. This platform gives developers the ability to create new ways of working with the machine data.
There is much optimism that this technology will reduce equipment failures. Having the ability to see a little further into the future and reducing the need to rely on the benefit of hard-learned hindsight is the goal. But no one is predicting that this technology will eliminate failure all together.
"There are a lot of variables" that can contribute to equipment failure, said Sky Matthews, the CTO of IBM's Internet of Things effort, but this technology "can certainly dramatically reduce them."
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