The constant drive to get to first quartile Mechanical Integrity (MI) and Reliability drives facilities to invest in all sorts of initiatives and solutions year after year. However, the challenge remains the same – unacceptable failures, inefficient processes, and wasted budgets still exist. Which leads to the question, where do facilities need to focus to get to Q1?
The quartile these complex facilities are in is driven by the decisions being made on a regularly basis. Every week, critical and costly maintenance, operations, process, and capital decisions are being made by facility stakeholders with the data that is available to them.
The “right data” gap is costing these facilities millions.
The question then becomes, what is the “right data”? There is a lot of talk around emerging technologies in the data space: Big Data, Industrial IoT, Machine Learning, and Digital twins to name a few. But before diving in and banking on these to solve your reliability and integrity problems, consider the following: