Like commercial businesses, companies in the industrial space are also driven by cost-saving. Although they can benefit from building automation and asset management systems, just like commercial businesses, industrial companies' biggest cost savings come through preventative maintenance and monitoring.

Fixing equipment before a breakdown is much cheaper than after. Breakdowns can also halt production lines, leading to further financial losses. Knowing when equipment is about to breakdown is a vital piece of information.

Before modern electronics, equipment was monitored by visual inspection, which was costly, inaccurate, and subject to human error. Today, industrial equipment can be monitored in real-time using sensors. Analytics can be applied to the data produced to predict when a breakdown will occur.

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