Key Points:

• By John P.
• Desmond, AI Trends Editor More companies are successfully exploiting predictive maintenance systems that combine AI and IoT sensors to collect data that anticipates breakdowns and recommends preventive action before break or machines fail, in a demonstration of an AI use case with proven value.
• This growth is reflected in optimistic market forecasts.
• The predictive maintenance market is sized at $6.9 billion today and is projected to grow to $28.2 billion by 2026, according to a report from IoT Analytics of Hamburg, Germany.