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Industrial Internet of Things

Equipment Efficiency Optimization

Equipment Efficiency Optimization
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DESCRIPTION
Optimizing the efficiency of equipment has a significant impact on profits and shareholder value. It affects productivity an quality.
In some cases, it may even determine a company’s ability to compete, or survive. Corporations that focus on overall equipment efficiency find that they can add capacity without large capital investments. Very often, management is aware of the significant benefits that can be achieved from a well run asset management program. However, in some organizations, actually achieving asset efficiency can present a major challenge. Few companies have the resources or expertise to implement the rapidly developing new technologies, processes, and cultural changes that are so important to achieving timely, long-term success. Many begin the process but hindered by an incomplete strategy of insufficient planning or benchmarking.
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