Operating, maintaining, and managing assets throughout their Jifecycle is a massive built-in expense, made even more critical by the frequency of unpredicted, catastrophic machine Failures. Asset downtime, especially, if unplanned, is a multi-million dollar issue for organizations; and the related unscheduled maintenance costs can range from three to 10 times the cost of scheduled maintenance. The world is entering a new era of smart, where decisions will be based on facts, data, and increasingly on the ability to apply analytics to massive data sets and extract very precise business insights.
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