The primary benefit of condition monitoring would be reduced maintenance costs. Despite you could lower the costs using the fix as and when it breaks approach, rest assured that in the long run, it would be relatively more expensive. Moreover, broken machinery could cause a ripple effect, where other equipments in the production line would malfunction, causing more damages.
A majority of manufacturers have reported that nearly 53% of the machine downtime would be caused due to internal faults. It would be pertinent to mention here that these faults would be relatively impossible to determine without using prophetic maintenance strategies. As a result, such condition monitoring would be the best investment for a manufacturing company looking for reliability.