Predictive maintenance offers may advantages to industry, including: Minimising the time required for asset maintenance Minimising lost production hours through minimised downtime Minimising the cost of spare parts through maximising the life of existing assets Significant cost savings can be achieved through the above points. For example, predictive maintenance programmes have been shown to reduce maintenance costs by 30%, reduce breakdowns by 75% and reduce downtimes by 45%. The initial drawback for industry is that the initial investment costs for predictive maintenance are high and require specialist, experienced personnel for data analysis to be effective. However, long-term analysis shows that predictive maintenance can average about 70% of the costs of a preventative maintenance programme.