NI Develops the ActiveUptime™ Maintenance-as-a-Service Solution for Condition Monitoring and Predictive Maintenance of Test Equipment and Test Facilities

Rhea-AI Summary

NI (NASDAQ: NATI) has launched ActiveUptime™, a Maintenance-as-a-Service solution aimed at improving condition monitoring and predictive maintenance for test equipment. This service enables proactive system health monitoring to prevent equipment failures, which account for significant unplanned downtime costs. ActiveUptime™ includes hardware and software to collect system data and provide real-time monitoring through customizable dashboards. The solution can be implemented quickly, enhancing operational efficiency and minimizing maintenance expenses.

Positive

• Launch of ActiveUptime™, a proactive Maintenance-as-a-Service solution to reduce equipment failures.
• Addresses a significant issue, as 42% of unplanned downtime costs stem from equipment failure, leading to $50 billion in annual losses.
• Includes hardware and software for real-time monitoring, speeding up data collection and enhancing operational efficiency.
• Can be operational in days, improving maintenance processes and reducing downtime.
• Aligns with digital transformation in manufacturing, optimizing maintenance costs.

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- NI (NASDAQ: NATI) announced today the launch of ActiveUptime™, its Maintenance-as-a-Service solution for condition monitoring and predictive maintenance of test equipment and test facilities. This turnkey solution is tailored to the user’s environment and provides the information needed to proactively monitor system health and prevent critical test equipment from failing. As part of the ongoing service, a dedicated technician from NI’s maintenance team will remotely monitor system health, provide support, and adapt the solution based on the customer’s needs. This solution advances the user’s capabilities to proactively predict outages before they happen.

Equipment failure accounts for 42% of unplanned downtime costs and an estimated annual $50 billion in losses globally to manufacturers. Yet, 52% of manufacturers report using spreadsheets to monitor and manage equipment. ActiveUptime™ delivers a ready-to-use service that includes the hardware and software necessary to collect valuable environmental and system data, and edge-based pre-processing to speed up data collection, aggregation and movement. The outcome-specific dashboards for both condition monitoring and predictive maintenance monitor system health in real-time and identify critical areas needing attention, thereby eliminating the disruption caused by unexpected equipment failures.

"One of the key challenges faced by manufacturers is having visibility into physical systems to keep them running smoothly and avoiding any reputation-damaging product failures," said Josh Mueller, SVP & GM of NI’s Portfolio Business Unit. "ActiveUptime provides the most accurate picture of these systems. With the assistance of our maintenance experts, our customers get to the root of the problem quickly, achieve fast resolution, and implement measures to prevent it from happening again."

ActiveUptime™ delivers the monitoring tools needed by maintenance teams - from intelligent environmental sensor boards and optimized data processing, to intuitive real-time dashboards and predictive modeling, plus maintenance experts at the ready. The complete service can be up and running in days rather than months, turning test into a strategic asset.

"Predictive maintenance and condition monitoring are becoming key pillars in the broader digital transformation of manufacturing," Mueller explains. "Real-time continuous monitoring maximizes total asset uptime, reduces the costly expense of spares and optimizes maintenance costs by moving from time-based to usage-based maintenance."

About NI

At NI, we bring together the people, ideas, and technology so forward thinkers and creative problem solvers can take on humanity's biggest challenges. From data and automation to research and validation, we provide the tailored, software-connected systems engineers and enterprises need to Engineer Ambitiously™ every day.

National Instruments, NI, ni.com and Engineer Ambitiously are trademarks of National Instruments Corporation. Other product and company names listed are trademarks or trade names of their respective companies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005028/en/

Chris Wolf, pr@ni.com

Source: NI

FAQ

What is ActiveUptime™ from NI?

ActiveUptime™ is NI's new Maintenance-as-a-Service solution designed for condition monitoring and predictive maintenance of test equipment.

What problem does ActiveUptime™ address?

It aims to reduce unplanned downtime costs caused by equipment failures, which account for 42% of such costs globally.

How quickly can ActiveUptime™ be implemented?

The solution can be operational in days, significantly faster than traditional maintenance solutions.

How does ActiveUptime™ enhance maintenance efficiency?

It provides real-time monitoring and predictive analytics, allowing maintenance teams to address potential issues before they result in equipment failure.

What are the financial impacts of equipment failure mentioned in the PR?

Equipment failures lead to an estimated annual loss of $50 billion for manufacturers, emphasizing the need for solutions like ActiveUptime™.