A downtime-free future in industry: Strategic initiatives for enhanced reliability

Overview

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In Industry, unplanned downtime poses a significant risk to production and processes, leading to increased production costs and compromised product quality. This underscores the critical need for strategic foresight and robust asset management practices.
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This ARC White Paper delves into the reasons behind the rising frequency of unplanned plant downtimes, with a specific focus on the expected changes in the context of the energy transition and examines the pivotal role of electrical asset management.
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Through expert interviews, field examples, and comprehensive case studies, you will get a holistic overview of the advances and strategies companies are employing to success during their digital transformation and energy transition.

Key takeaways

Growing Significance of Electrical Installations

Decarbonization and electrification are leading to greater complexity in electrical power distribution, which is why electrical installations and systems are becoming increasingly important for the safe and reliable operation of industrial plants.
Minimizing Unplanned Downtime

Industrial service providers have adopted new strategies to minimize unplanned downtime. The most common reasons for unplanned downtime are inadequate maintenance or outdated technology.
Transforming Industrial Operations with technologies

Digital technologies such as AI, data analytics, condition-based monitoring, and performance optimization are revolutionizing the optimum operation of industrial plants. This increases plant safety and boosts production efficiency.
Bridging the Expertise Gap

With increasing electrification and digitalization, the market does not have enough experts available to make the best use of these technologies. This is creating significantly increased demand for third party services to support users in optimizing system condition monitoring.
Immediate Application

Recommendations in this paper can be immediately applied. The overview of plant assets is updated, an asset risk analysis is carried out, and the effectiveness of maintenance work is monitored. These are valuable methods for both brownfield and greenfield applications to keep assets operating safely and efficiently for a long time.

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