In creating a world that doesn’t break down, a huge $20B opportunity is on the table for the process industry to address. Astute manufacturers should focus on reducing unplanned downtime and increasing asset utilization, as both processes represent the biggest opportunities for financial improvement in production operations. Albert Einstein could well be alluding to smart manufacturing when he said: "If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in… [Continue Reading]
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