Asset Management
Utility Asset Risk Management with RCM
Reliability is a key to successful risk management in any industry. It is particularly important in electrical utilities where the service must be “always on”. Failures can result in power outages and major disruptions to many customers, some of whom are providing critical services like hospitals, banks, stock exchange computers, traffic signals, mass public transit, and so on. Read more “Utility Asset Risk Management with RCM”
Managing the supply chain is exceptionally complex. But a basic knowledge of blockchain could help simplify transactions
In the late 90’s, the show “60 Minutes” did showed that an average economy car worth $15,000 new would cost about $95,000 if it was to be built from aftermarket parts, and adding in an allowance for your own labor, excluding the uni-body (which wasn’t for sale). It is more or less a given that manufacturer’s make more money on parts for their products than on the initial sale of the product. 
Cloud computing is increasingly becoming critical to business, especially as digital technologies like IIoT become widespread. Gartner 
We are often asked about the impact of the Industrial Internet of Things (IIoT) on equipment maintenance for industrial companies. When it comes to repairs, we don’t anticipate that much will change because of the IIoT, except in identifying when repairs are needed. Making systems safe after they’ve suffered failures and taking things apart and replacing components will always require human intervention. In the area of proactive maintenance however, we see a big impact and huge potential benefits.