In just the last few months, several research reports were released identifying how organizations are managing their equipment assets - "Operational Risk Management Strategies for Asset Intensive Industries" by the Aberdeen Group, the "Asset Performance Management Study" by Texas A&M University, and the "Best Practices in Asset Management and Reliability Study" conducted by Virginia Tech. It is fascinating stuff, ripe with information every organization can use to begin identifying new competitive opportunities and minimize risk to their organizations, as well as offering valuable benchmark data to help companies measure their progress. One of the findings which particularly sparked my interest was how participants were using their asset-related data and how its usage impacted the performance of their organizations--specifically within the area of reactive maintenance.
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