The NRX Blog
How Data Extraction Enhances Asset Verification Accuracy in Plant Walkdowns
According to Deloitte, 40% of an industrial asset’s total cost of ownership is influenced by data quality and lifecycle information. Reliable data extraction during plant walkdowns improves asset verification and helps teams maintain accurate and current asset...
The Ultimate Guide to Plant Walkdowns: Streamlining Asset Verification Through Field Inspections
According to McKinsey, up to 30% of data in industrial operations is inaccurate, incomplete, or outdated, which can cause substantial inefficiencies and safety risks in return. Plant walkdowns are critical in addressing these data gaps. These structured field...
Why APM is Critical in MAS9 and How It Transforms Asset Management
According to McKinsey, predictive maintenance powered by APM can reduce maintenance costs by 15 to 30% and unplanned downtime by up to 50%. These results demonstrate why APM (Asset Performance Management) is no longer optional in modern EAM strategies, especially...
What’s New in MAS9? Key Benefits for Asset Managers and Why Data Quality Matters More Than Ever
The global EAM market is projected to reach $13.69 billion by 2032, driven by the growing demand for cloud-based CMMS tools and digital twin capabilities. In this evolving landscape, IBM’s MAS9 positions asset managers to better control lifecycle costs, improve asset...
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...