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Equipment in the field has a story to tell if you’re willing to listen. A story of asset productivity data and predictive maintenance, allowing organizations to improve the availability, reliability, and safety of their operations.

From Aberdeen’s asset management study, the average percentage of assets companies have in the field is roughly 31%. And the cost of incorporating remote connectivity into new machines has decreased substantially over the past decade, making it a much more feasible investment. This increase in remote assets presents new challenges to asset and maintenance managers who must evaluate the best way to optimize their performance and ensure reliability. As a result, over the past two years, the amount of companies that had no plans to utilize remote assets has dropped by almost 25%.

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This combination of remote monitoring capabilities allows Best-in-Class companies to treat their remote asset base as an extension of those in-house assets. This means that they have the opportunity to apply the same proactive MRO approach that makes them so successful with plant floor assets. With 44% of Best-in-Class companies using remote connectivity to assist in forecasting future failures, the ability to predict asset (remote or not) failure before it occurs, saves time, money, and ultimately, decides the long-term success of an enterprise.

For more on the role remote assets play in Maintenance, Repair, and Operations, please read the full report.

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