Unplanned downtime is the number one issue for automation systems today. A significant percentage of today’s global installed base of automation systems are at least 20 years old and becoming increasingly difficult and costly to maintain properly.
The average impact of unplanned downtime in the process industries alone is $20 billion, or almost 5 percent of the annual production, making minimizing unplanned downtime attributable to automation one of the best ways for industrial organizations to improve their return on (automation) assets (ROA).
This report examines in detail:
- Business Consequences of Unplanned Downtime
- How Unplanned Downtime Plagues Productivity
- Ways to Minimize the Multiple Causes of Unplanned Downtime
- OT/IT Convergence Trends and Context