The NRX Blog
Understanding RDS-PP and RDS-PS: A Modern Approach to Plant Standardization
A study by McKinsey shows that standardized engineering practices can reduce project costs by up to 15% and cut errors by 50%. In this context, reference designation systems such as RDS-PP and RDS-PS are transforming how industrial plants manage complexity, especially...
How KKS Enhances Asset Management in Industrial Plants
Equipment failures account for 42% of unplanned downtime in industrial manufacturing. This single data point underscores the importance of structured asset identification and maintenance planning. At the heart of these improvements lies the Kraftwerk-Kennzeichensystem...
How Digital Twins and RBI Enhance Safety-Critical Maintenance
Gartner predicted that more than 50% of large industrial companies will use digital twins, which would lead to a 10% improvement in effectiveness across maintenance strategies. This growing integration of digital twins and Risk-Based Inspection (RBI) is reshaping how...
The Role of Criticality in Risk-Based Inspection Programs
According to Deloitte, asset-intensive industries lose up to 20% of their productive capacity due to unplanned downtime each year. This substantial loss underscores the urgent need for smarter maintenance strategies. Risk-Based Inspection (RBI), which prioritizes...
Data Quality Control vs. Data Quality Analysis: What’s the Difference?
According to a survey conducted by Gartner, almost 60% of companies fail to track the financial impact of poor data quality each year. This lack of measurement makes it harder for organizations to recognize just how costly unreliable data can be. It also reinforces...
How Modern Data Cleansing Tools Are Transforming Master Data Management
Approximately 85% of businesses believe data quality issues directly impact their bottom line. This widespread concern is driving a surge in smarter ways to cleanse and manage enterprise data across industries. For asset-intensive industries such as manufacturing and...
Falling Metrics, Rising Opportunity: How to Reboot Maintenance Productivity Through Smart Optimization
More than 55% of maintenance resources and activities in an average facility are still reactive, according to industry benchmarks. This over-reliance on reactive maintenance is often rooted in poor asset data and misaligned preventive maintenance strategies. When...
Rebuilding Trust in EAM Systems: How Asset Verification Projects Can Turn the Tide
According to Gartner, poor data quality costs organizations an average of $12.9 million annually due to inefficiencies and lost opportunities. In EAM, where accuracy drives maintenance efficiency and planning, these costs are amplified. Inaccurate data undermines...
Automate or Fall Behind: Why AI-Powered Workflows Are the Future of Business Operations
Research by PwC found that AI could contribute up to $15.7 trillion to the global economy by 2030 through productivity gains and automation. This statistic highlights the urgency for organizations to embed AI-powered workflows deeply into their business models or risk...
Transforming Workflows: How AI Is Replacing Tedious Tasks Across Industries
According to a McKinsey report, AI automation could displace about 30% of the tasks in 60% of all occupations across global industries by 2030. This striking forecast underscores the transformative power of AI, particularly in eliminating tedious work while unlocking...