ARC Advisory Group conducted an industry survey back in 2019. We learned that out of 365 industry practitioners 2/3 believe reliability-centered maintenance is not doing enough to improve reliability. We also learned the operations department has almost as much impact on plant asset performance as the maintenance organization does.
When we spoke with leaders in the process industries they believe that while, historically, maintenance groups have been the custodian of the reliability process, digitalization requires a rethinking of the overall asset performance strategy.
New digital technologies can augment many maintenance, reliability, and operational processes to an unprecedented degree and these are changing how people work.
Approaches such as the Industrial Internet of Things (IIoT) and Industry 4.0 have helped pave the way for digital transformation across a broad range of industrial sectors. These new approaches have made their way into Asset Performance Management programs to improve the maintenance and operations work processes and overall business performance.