// ROBOTICS AND SMART FACTORIES TERM
Reliability
Reliability is the probability that a product, system, or component will perform its intended function without failure for a specified period under given conditions. It's about how consistently something works over time.
TECHNICAL DEFINITION
Reliability, a critical quality attribute in Industry 5.0 product design and operation, is the quantitative probability that a system, component, or product will perform its specified function without failure for a designated duration under defined environmental and operational conditions.
BACKGROUND
The Fourth Industrial Revolution, also known as 4IR, Industry 4.0 or the Intelligence Age, is a neologism describing rapid technological advancement in the 21st century. It follows the Third Industrial Revolution. The term was popularized in 2016 by Klaus Schwab, the World Economic Forum founder and former executive chairman, who asserts that these developments represent a significant shift in industrial capitalism.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Dependability
- Durability
- Consistency
- Uptime
- Performance Stability
USAGE NOTE
Engineers often conduct extensive testing to assess and improve the reliability of new products.
DEVELOPERS
Organizations developing technology related to Reliability.
Develops Asset Performance Management (APM) software that uses advanced analytics, AI, and machine learning on data from industrial assets to predict and prevent unplanned downtime, directly improving equipment reliability.
Offers solutions through its MindSphere IIoT platform and Digital Enterprise Suite, providing predictive maintenance, asset performance management, and digital twin technology to monitor equipment health and optimize reliability in real-time.
A specialist in machine health, using proprietary IoT sensors and AI algorithms to analyze vibration, temperature, and magnetic data from industrial equipment. Their platform diagnoses malfunctions and predicts failures to eliminate downtime.
Provides an enterprise AI application development platform with a specific C3 AI Reliability application. This solution uses machine learning to predict asset failure, identify root causes, and recommend corrective actions for manufacturing and industrial clients.
A leader in industrial automation, Rockwell offers the FactoryTalk software suite and solutions through its partnership with PTC (ThingWorx) that provide real-time asset monitoring, diagnostics, and predictive analytics to improve plant reliability and performance.
Develops industrial AI and analytics software specifically designed for asset-intensive industries. Their platform analyzes operational data to predict failures, optimize maintenance schedules, and enhance the overall reliability of heavy equipment.
A global leader in industrial software, offering a comprehensive Asset Performance Management (APM) portfolio. Their solutions integrate engineering, operations, and maintenance data to provide predictive analytics that help organizations prevent equipment failures and improve reliability.
A division of Fluke Corporation that provides hardware and software for reliability and maintenance professionals. They offer condition monitoring sensors (vibration, thermal), alignment tools, and the eMaint CMMS platform to manage and improve asset reliability.