Unplanned downtime is a big draw on budgets and efficiency no matter what industry or field you’re in. In fact, many organizations report that downtime is a significantly burdensome source of revenue loss — often times the largest. When your machines and data sources fail, overhead costs can go through the roof while efficiency plummets through the floor.
Over recent years, four out of five U.S. companies say they’ve suffered from downtime in excess of several hours. This can cost an efficient organization more than a quarter of a million — and the worst part is that it’s completely avoidable. Not only does unplanned downtime affect cash flow, it can also wreak havoc on meticulously planned budgets that have to be adjusted midway through, and we all know how problematic and chaotic a cascading budget shift can be.
Thankfully, there’s a better way to optimize your equipment health rather than having to wait for your next period of downtime or build a buffer into your budget.
It’s called advanced pattern recognition, and it’s changing the way many institutions approach downtime. With an advanced pattern recognition solution, you’ll see the anomaly in the data long before it hits your bottom line. This gives you the ability to design maintenance strategies that prevent breakdowns before they have a chance to slow your production to a costly standstill.
Whether you’re seeking maintenance optimization, an improved search process to help identify maintenance priorities, decreased production costs, or strengthened data analysis capabilities, advanced pattern recognition software is quickly becoming a requirement for production plants and production sites that can’t afford one minute of money-burning downtime.
To learn more about how advanced pattern recognition solutions can help your organization, contact the advanced pattern recognition experts at HanAra Software. We’re ready and able to help you break through your limitations to achieve operational excellence.