More than ever before, businesses are investing heavily in digital tools and technologies that help them leverage data to generate valuable insights. In the manufacturing world, predictive maintenance (PdM) is at the forefront of this technology movement and represents the strongest solution to the persistent manufacturing challenge of unplanned downtime. The goal with a PdM solution is to have a positive impact on the productivity and profitability of plants, but many manufacturers are still struggling to realize the full value of the solutions they have invested in. Bharat Vats, chief revenue officer at Novity, talks about the different approaches to PdM and the main factors that manufacturers need to consider in order to successfully deploy and manage a PdM solution.
Chief Revenue Officer
Bharat Vats is the chief revenue officer at Novity. Vats offers a dynamic blend of sector expertise, technology management and P&L experience. He has over 20 years of executive experience in Fortune 500 industrials, including ABB, General Electric, IBM and Danaher. Vats has been one of the pioneers of SmartGrid, IoT and cloud solutions for energy and utilities globally. As chief revenue officer, Vats focuses on bringing Novity’s advanced predictive maintenance (PdM) solution to clients in a number of sectors, including energy, chemicals and materials.
His career as a technologist was established early on, with deep, hands-on experience implementing operations technologies (OT) such as SCADA and DCS/PLC, as well as control and instrumentations (C&I) software packages. In addition, he has been a member of several global SmartGrid forums. Vats holds an MBA from the University of Pittsburgh, Katz School of Business and a bachelor’s degree with honors in electrical and electronics engineering.