Failure: whether it’s hardware or software or an application of the two, the thought of something bringing down production keeps every plant manager or production engineer up at night.
From trying to anticipate and help prevent unplanned downtime events to reducing time to resolution when something does go wrong, the struggle with downtime can feel like a never-ending battle.
With the pace of rapid advancements and evolutions in technology and the impact of the skills gap, downtime is only becoming more expensive. In fact, the cost of unscheduled downtime in the global process industry alone could reach $20 billion a year by some estimates. Demands to do more with the same, or less, have skyrocketed, resulting in continuous operation. And downtime is the enemy of 24-7 manufacturing. As such, the modern manufacturer needs to be both proactive and reactive when it comes to addressing downtime incidents.
Preventing and reducing downtime in the short and long term also involves addressing the operational challenges that can contribute. Read the full blog to learn more.