Downtime hurts. It can result in lost production, higher costs, depleted inventory and increased risk to personnel. Fortunately, there’s a way to avoid letting downtime derail your operations. By extending IIoT-powered condition monitoring to all your critical assets, you can significantly reduce unplanned downtime and achieve more efficient turnarounds.
But how can you ensure you investment is tied to real business objectives and delivers real results? It’s easier than you might think.
In this webinar, Director of Emerson Connected Services Mike Boudreaux, discusses how to develop the business case for a formal reliability program aimed at reducing downtime through condition monitoring. A compelling justification for such a program can be created by adhering to four key steps: developing a sound strategy, estimating the value of the program, determining cost, and calculating internal rate of return.
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