We’re sure you already know:
Low cost of maintenance and support can lead your business to higher profitability.
Maintenance management typically takes up at least 40-50% of a business’ operational budget. And on an average, businesses spend 80% of operational time reacting to maintenance issues instead of preventing such issues.
But here’s the deal:
Any business can save 12-18% by investing in preventive instead of reactive maintenance.
By implementing computerized maintenance management system (CMMS).
And that’s not all:
Implementing CMMS efficiently can lead to 70% higher return on investment (ROI).
A 2017 survey found that 88% facilities that have implemented CMMS reported more cost savings, from several thousands to millions.
40% maintenance professionals prefer using CMMS over other maintenance management software including EAM/ERP suites.
But here’s the deal:
A report reveals that roughly 80% of CMMS implementations fail.
Because most businesses do not keep up with the latest industry trends!
Wondering where you’ll find latest CMMS trends for 2018?
Well consider yourself very lucky because today I’m going to pull back the curtain and share latest CMMS trends that will evolve and outlive the rest in 2018 and beyond.
Let’s dig right into what 2018 has it’s cusp for CMMS industry, shall we?
So, here’s the much-awaited list of top CMMS trends for 2018 and beyond!
Trend #1: CMMS Mobile App Is Still A Thing
Yep, we saw a lot of businesses pushing harder on the use of comprehensive CMMS solution with a mobile app in 2017. And we’re going to see more and more businesses embrace robust CMMS app ecosystem in 2018 too. In fact, Limble’s 2018 CMMS & Maintenancen Survey found that 27% respondents plan to invest into CMMS mobility in 2018.
This is because CMMS solutions with mobile apps can reduce data entry expenses dramatically. Industry experts reveal that a company can save anywhere between $5,000 and $7,000 on data entry expenses by using CMMS solutions with comprehensive mobile app.
Yet another benefit of CMMS solutions with mobile app is that it makes work order tracking and reporting easier, even on the go. This means facility managers can simply enter the work order status electronically by using a mobile device without having to run from pillar to post.
Given that that CMMS app ecosystem can make a business 15-20% more productive and cut down operational expenses by as much as 40-50%; it could mean that, soon, CMMS with comprehensive mobile apps will become a standard, rather than exception. And this realization is pushing a lot of CMMS software vendors to implement stronger data encryption and security integration, among other CMMS app features.
Trend #2: Industrial Internet of Things Will Be the New Talk in Town
Over the years, the popularity and potential of industrial Internet of Things (IIoT) has been tremendous. This is why we’re sure to see more and more CMMS software vendors shifting their focus to IIoT in 2018 and beyond. After all, technology is driving the change.
As it turns out:
Limble’s 2018 CMMS & Maintenancen Survey reveals that around 32% respondents are convinced that IIoT will improve maintenance operations significantly on many levels.
You’ll be surprised:
IIoT can help you increase overall revenue manifolds. In fact, GE’s was able to increase its revenue by $5 billion dollars using IIoT. And that’s not all! IIoT can help you increase customer satisfaction and prevent downtime by making real-time performance insights and updates accessible in just a few clicks of yous mouse.
Industry experts predict that IIoT will contribute an estimated $11 trillion to $14.2 trillion to the world economy in 2018 and beyond.
To make a point:
IIoT will soon become a receptacle phrase for artificial intelligence (AI) enabled machinery. We are hopeful that more and more businesses and facilities will look for and essentially demand machines equipped with AI sensors to provide real-time performance information and updates to CMMS in 2018 and beyond.
Trend #3: Predictive Maintenance Will Replace Preventative Maintenance
You probably already know:
Predictive maintenance is a mechanism that uses real-time updates using machine learning algorithms to govern the performance of an asset. Its main function is to identify and predict if an asset needs a fix or maintenance by using the data from asset itself.
Predictive maintenance takes the guess work out of the entire proposition making the procedure streamlined, automated and easy.
Last year, Predictive maintenance equipped with machine learning algorithms was a big hit amongst businesses. The popularity was further spurred industry’s biggest names embracing the technology wholeheartedly. In no time at all, use of CMMS for predictive maintenance became a mainstream trend and businesses started moving away from age-old paper based maintenance ecosystem.
A 2018 CMMS and Maintenance Survey by Limble found that Predictive Maintenance was the most requested CMMS feature for 59% respondents.
The power of predictive maintenance is repositioning reliability as the new unit of measurement. And we’re sure predictive maintenance will completely replace preventive maintenance this 2018 and beyond.
Trend #4: Cloud Will Be the New Cool
This was a winner CMMS trend last year and it’s still here, the “Cloud Controlled CMMS Solution” trend. With the increasing demand for greater flexibility and control, there’s been a decided demand for cloud based CMMS solution by businesses across the globe.
The growth of global public cloud market is in the tunes of 22% yearly from $87 billion in 2015 to $146 billion in 2017.
Remember, downtime is a big loss for CMMS and assets. With cloud-based system; however, CMMS applications are readily available on servers being watched and monitored round the clock.
We’re sure it won’t be long before we’ll start seeing cutting-edge CMMS mobile apps that combine IIoT, cloud connectivity, and big data processing features. This means better maintenance and reliability leading to increased equipment uptime and profitability to business, both large and mid-sized.
Well, it was a major win for us in 2017 and it is still expected to the ‘Next Big Thing’ for 2018 and beyond too.
Trend #5: Data-driven Maintenance Is Still Going Strong
Here’s another 2017 trend on our list that is certainly going to go even stronger this 2018 and beyond. What are we talking about here? Well, it is Data-driven Maintenance!
Data-driven maintenance provides you with ad-hoc query tools helping you save reports for reuse with Boolean logic and arithmetic capability in addition to across-the-board sorting and filtering potentials. In addition, data-driven maintenance helps you with document certification and easy audits. It makes Root Cause Analysis including Taproot, fishbone diagram, Pareto and SCAT easier.
Making day-to-day business management tasks a lot easier, data-driven maintenance is innovative, and inventive. No wonder, this trend stayed on the list of hottest CMMS trends for 2018.
Over to You!
So there you have it, our 2018 CMMS trends predictions. The trend that seems obvious, at this point, is that the CMMS industry is set to open doors to innovation and move towards greater efficiency, security and cost-effectiveness. We’re sure more awesomeness will come.
May we see bigger, better things in the world of CMMS trends in 2018 and beyond!