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Better asset management adds longevity to industrial equipment
As per Deloitte report, unplanned down time was costing industrial manufacturers $50 billion per year and cutting plants’ productive capacity by five to 20 percent. With Internet of Things (IoT) technologies, businesses are looking at predictive maintenance as a massive opportunity to optimise systems and reduce costs. But it turns out that when systems run better due to smart maintenance, they also run longer, says Jonathan Wood.Read more
