Savings and Safety Through Predictive Maintenance
Shifting market conditions are driving major changes to production slates and rates for companies around the world. These shifts are creating more safety and environmental
risks that must be anticipated and managed, along with the obvious economic concerns.
The Risk-Reduction Opportunity
Savings and Safety Through Predictive Maintenance
In production environments, change means increased risk, and operating companies have been shouldering more of this risk in recent years. Insurance coverage is not always available, and when it is, the cost of coverage has doubled in some cases. All of this is putting a magnifying glass on how companies monitor and manage production processes.
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The insurance industry is also recognizing the value of reducing risk, and some providers are offering a discount for making operations safer and more reliable. Just eliminating a portion of the abnormal events that impact safety and productivity can add millions of dollars to the bottom line.
Safety
Savings
Safety Translates to Savings
Safety
Savings
When companies can quantify exactly how much any event affects revenue, they can target their technology strategy for maximum impact without increasing risk.
By implementing software that enables deep insight into risk factors across the enterprise, companies can significantly increase their safety and sustainability performance while also maximizing profitability.
Safety
Savings
Download Executive Brief:
Predictive Maintenance Takes on Operational Risk
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