Asset Performance… and economic return
How to make your largest industrial investment work harder for you Why does Asset Performance matter? If you’re wondering where to start with your digitalization journey, Asset Performance is a key area to address. Why? Because there is so much capital invested in production assets – typically, 70% of new plant capital. Naturally, you want to see maximum return on that investment – or maximum Return On Capital Employed (ROCE) . Your shareholders do too. By the same token, if something happens to these assets it can be a big blow for your financial performance – for example, unplanned down time costs companies up to 5% in production loss each year (ARC Survey of 300 Customers in Discrete, Hybrid and Process Industries). Clearly a lot depends on the performance of these assets. Let’s take a closer look at how you can use digital technology to improve ROCE. Improving Asset Performance So how do you make all that money invested in assets work harder for you, every day? What’s excit...