Gathering and analyzing the correct data is essential to making strategic, informed mechanical integrity and reliability decisions for your facility. While most facilities already gather and store massive amounts of data in various management systems, facility management often struggle to know what specific data they need to make strategic decisions, and how to use that data once they have it.

Our reliability experts recently polled a group of maintenance and reliability professionals on the quality of data collected at their facilities. The facility leaders were asked various questions about their data, and their answers helped our experts determine how much of the data was used to make key decisions for their facility. For the data to be considered usable in the decision making process, it needed to provide the facility leaders insight into the following areas: the overall health of their facility’s assets, the key drivers of their facility’s performance, and the initiatives they should invest in to have the greatest long-term impact on the availability, cost, and safety of their facility.

Do you have the right data?

To determine if the data you collect is useful in making strategic decisions for your facility,
consider how data plays a role in your daily activities. Ask yourself:

Do you focus more of your time compiling the data or using the data to advance the strategic priorities of your facility?

Do you have all of the data you and your team need to successfully accomplish your goals?

Is your data easily accessible to all parties needing to locate it? Is your data digitized, cleansed, and properly organized?

At the conclusion of the exercise, it was determined that about 50% of data collected from a traditional facility potentially does not make a direct impact to the reliability of the facility. If on average, only about 50% of the data collected is used to make decisions that affect the reliability of the facility, then why do facilities spend a substantial amount of their budget and time collecting data?

There are two main viewpoints regarding the quantity of data facilities collect. The first mindset is the more data facilities gather, the better position their management will be in to make strategic decisions for their facilities. The second mindset is that facilities only need to collect the data necessary to make informed decisions. Regardless of which mindset your facility may have, it is important to determine if your facility gathers the correct data, and if it does, how to use that data to its full potential.

You have the right data, now what do you do with it?

You determine that you gather the correct data to use in the decision-making process, but can you trust it? Ask yourself:

Is your data accurate? If so, how can you prove that it’s accurate?

What does your data tell you about your program? Do you understand how to interpret the data and effectively communicate the analysis to your team?

Do you use your data to make reliability decisions for your facility? If so, how do you use it in your decision-making processes?

To determine if your data has an impact on the reliability of your facility and how you can build an effective data foundation, read the full article, What Is Really Driving Your Programs?