The NRX Blog
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...
From Chaos to Control: How Master Data Governance Enables Consistency Across Systems
According to Experian, enterprises lose up to 30 percent of potential revenue due to poor data management and lack of consistency across systems. Clearly, this is more than inefficiency. It is a serious business risk. Today, companies manage an expanding mix of...
Master Data Governance 101: Why It’s the Backbone of Enterprise Data Strategy
According to Gartner, organizations believe poor data quality is responsible for an average of $15 million per year in losses. This staggering figure highlights the critical role of master data governance (MDG) in any enterprise data strategy. Today’s digital-first...
Common Pitfalls to Avoid During Maintenance Plan Migration
A McKinsey study found that nearly 70 percent of digital transformation initiatives fail. This is often due to poor planning, unclear migration strategies, and a lack of stakeholder alignment. The process of migrating maintenance plans is a critical step when...
Why Visualizing Maintenance Plans is a Game-Changer for Asset-Intensive Industries
According to Forbes, unplanned downtime costs industrial manufacturers an estimated $50 billion annually. A large portion of this downtime is due to equipment failure that could be avoided with better maintenance planning and visualization. In asset intensive...
Safeguarding Critical Assets: The Strategic Value of PM Optimization
A study by ARC Advisory Group revealed that nearly 82% of industrial asset failures occur randomly, even in seemingly well-maintained environments. This underscores the urgent need for PM optimization. It's not just a matter of improving efficiency, it’s essential for...
How Consolidating Duplicate PMs Can Unlock Hidden Efficiency Gains
According to the U.S. Department of Energy, nearly 30% of preventive maintenance tasks are redundant or inefficient. This can be a costly drain on time and resources in industrial settings. In many EAM systems, whether using IBM Maximo, HxGN EAM, or Oracle EAM, this...