Jim Fitch

10 Gamechangers Shaping the Future of Lubrication and the Lubricants Industry

Lubrication is going through transformational change powered by both internal and external forces. These include Industry 4.0, the technology clusters of condition-based maintenance, the industrial internet of things, standardization of asset management systems, globalization and low-wage economies, environmental protection, energy conservation, risk and reliability management, value-chain alignment, etc. Tomorrow’s smart factories will depend on decentralized cyber-physical systems to interactively monitor the state of machine health. Industry will still ride on a film of oil, but the demands on lubricants and lubrication have changed. Lubrication must be enabled to meet these demands. This keynote address will explore these trends and gamechangers in the context of the opportunities they represent to both suppliers and user organizations in the years ahead.