“If it ain’t broke, don’t fix it” is a catchy phrase, but it’s not a good rule of thumb. Unscheduled down time and poor asset quality costs manufacturing and process industries an estimated $20 to $60bn each year. Unfortunately, such reluctance to embrace new technologies, due in part to the upfront cost, has hindered progress in operations.
Here, Neil Ballinger Head of EMEA at EU Automation, explains why maintenance technologies can boost a plant’s profitability through increased up time. While they may be inevitable, equipment failures should not cause serious downtime, eat into profits or make manufacturers overspend their budgets. Today’s manufacturing facilities are far more complex than ever before, consisting of…
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