Five steps to solve unplanned downtime?

How do organisations get to the root of annoying maintenance problems and tackle the troublesome reality of a loss in productivity? There are some unsubstantiated stats doing the rounds at the moment, on the cost of unplanned downtime for manufacturers. These stats are putting average losses at over £1 trillion but while this is difficult to really measure, all organisations will have their own pain points where downtime is costing the business. What the actual cost is will vary but what is clear is that in this age of the “Digital Thread” - IoT sensors, advanced cloud-based infrastructures, AI/ML-driven automation and analytics, and a feedback loop to product engineering, we have the tools to try and solve problems that lead to downtime.

By Joseph Kenny, Vice President, ServiceMax