Reliability | Cory Pritchard - MD of Predict Australia

Summary In this conversation, I speak with Cory Pritchard, the MD of Predict Australia. Together, we discuss the critical themes of reliability and data in the mining industry. We explore the economics of reliability, the importance of predictive maintenance, and the ongoing data revolution in mining maintenance. Cory shares insights on how existing data can be leveraged to improve operational efficiency and reduce costs, emphasising the need for collaboration with execution teams to enhance data collection processes. We also cover the importance of closing the information loop in maintenance strategies, the challenges associated with CMMS and data quality, and the need to break free from traditional time-based preventive maintenance approaches. We talk about a successful transition to predictive maintenance, emphasising the role of data in improving maintenance strategies. The discussion also touches on innovation and change management within the industry, concluding with insights on the future outlook of the mining sector. Chapters 00:00 Introduction and Background 02:48 Economics of Reliability in Mining 05:57 Business Case for Predictive Maintenance 11:59 The Data Revolution in Mining Maintenance 18:01 Engaging Execution Teams for Data Collection 24:41 Closing the Information Loop 25:34 Challenges with CMMS and Data Quality 29:32 Breaking Free from Time-Based PMs 37:30 Successful Transition to Predictive Maintenance 44:17 Innovation and Change Management 47:14 Future Outlook of the Industry