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All Glossary Terms

Statistical Analysis

Maintenance definition:

Statistical analysis involves collecting, reviewing, and interpreting data to make informed decisions. In maintenance, statistical analysis can be used to identify trends, predict equipment failures, and optimize maintenance schedules based on historical performance data. Techniques such as regression analysis, hypothesis testing, and reliability modeling help in understanding the behavior of systems and components, improving maintenance planning and operations.

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AssetWatch customers save on average 8x in ROI. That means for every $1 you give us, we give $8 back to you.

Includes professional installation of up to 200 sensors (a $10k+ value)

24/7 monitoring and a dedicated CME for your site

AssetWatch cloud-based software with unlimited licenses

No CapEx, Engineering or IT integration required