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How Digital Immaturity Surges Gas Prices

In the last blog, we talked about the rising cost of compliance issues. But how is an everyday consumer affected by the expensive compliance issues? According to CTV, summer 2018 fuel prices may reach a 10-year high. While the article outlines a key reason behind the...

The Rising Cost of Compliance Issues

Today, asset-intensive companies are struggling with compliance issues that result in high costs. From verifying that maintenance plans and inspection tasks that are programmed into an EAM conform with corporate performance standards to ensuring that you can satisfy...

Maximizing Maintenance Management Effectivity

Today most asset-intensive companies organize maintenance documents through cabinets full of binders, overflowing data in USB or hard-drives. Some might even have a Document Management System (DMS) that requires thorough searching each time you need a document. While...

Getting Practical on Managing Spare Parts

With better methods for managing spare parts, you can achieve savings of at least 10% in ongoing maintenance and operations. Effective spare parts management can help reduce costs while keeping operations running smoothly. But the first step in solving any problem is...

Poor Quality Data Costing Trillions

$3.1 trillion. That is how much IBM estimates the yearly cost of poor quality data. This is despite companies spending billions already to maintain their data. According to the Harvard Business Review, what makes up that mammoth figure is the “Hidden Data Factory” in...