With an increased demand for healthier, less expensive, and higher quality food products, food and beverage manufacturing facilities are quickly adopting innovations in data technology, processing techniques, and robotics. As a result, the global food technology market is anticipated to reach over $342.5 Billion by 2027.
While these technological advancements can optimize production workflows, reduce downtime, and minimize waste, determining the right combination of technology and human work processes is critical to sustaining the long-term reliability of facilities. The long-term reliability of equipment is becoming even more critical in improving operational efficiency, increasing production output, and meeting compliance with regulations.
A data-driven approach to reliability can help food and beverage facilities implement the processes and tools they need to achieve the long-term reliability of their equipment. Data-driven reliability is a framework used to help facilities collect, organize and model the data they need to make strategic business decisions.
Asset Reliability Defined
Purpose of the Final Rule
Reliability Solutions to Meet Compliance
The midstream industry has a significant impact on the global economy, and there are reliability solutions for every stage of construction and operations. Though only a few months away, facilities can start making small foundational changes that will help them meet compliance and set them up for a strong reliability program. For example, Pinnacle is working with an operator in the Permian Basin to establish a compliance plan by the May 2022 deadline. The operator currently has little regulation around this class of pipe, and to meet compliance and improve reliability, they plan to start with data collection and organization. This step will not only allow the operator to reduce the risk of its assets but will also help ensure its program complies with the new PHMSA requirement. See below for some of the reliability solutions that will help operators meet compliance:
Data collection and organization are just the beginning of a strong reliability program. Having the right data fuel intelligence solutions will help you make confident, strategic decisions and is crucial to the success of any program. Read more about Pinnacle’s Data-Driven Reliability solution here.
As a part of the Department of Transportation, the Pipeline and Hazardous Materials Safety Administration operates in a complex and ever-changing environment. Its mission is to protect people and the environment by advancing the safe transportation of energy and other hazardous materials that are essential to daily life. It is responsible for the safe operation of the U.S.’s 2.6-million-mile pipeline transportation system and the nearly 1 million daily shipments of hazardous materials by land, sea, and air.