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Calculating the value of avoided unplanned downtime

Win investment in reliability by estimating the value of an avoided unplanned event.

unplanned downtime lead

It’s the Catch-22 of successful predictive analytics: When unexpected events such as unplanned downtime have been all but eliminated, what’s the value of prediction? How much continuing investment does an unpredictable future justify? The hard lesson of so many catastrophic events—industrial accidents and terrorist attacks alike—is that they were avoidable. With 20/20 hindsight, the data was available to predict the events, and there was time to intervene and head off disaster. How much have the avoidable catastrophic events of the 21st century cost us, and how much would we have willingly spent to prevent them?Events that don’t happen have value, and…

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Events

23rd ARC Industry Forum 
February 4-7 / 
Orlando, FL

MARCON 2019
March 4-7 / Knoxville, TN

Reliable Plant 2019
April 16-18 / Cleveland, OH

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Papers and Reports


Check out the most recent papers and reports created by Plant Services. Whether you are interested in original research, looking to learn more about a particular topic, or searching for in-depth analysis of a particular technology, we have what you are looking for.

Most recent: The Dos and Don’ts of Condition Monitoring

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  • Calculating the value of avoided unplanned downtime

    By Burt Hurlock, Azima

    It’s the Catch-22 of successful predictive analytics: When unexpected events such as unplanned downtime have been all but eliminated, what’s the value of prediction? How much continuing investment does an unpredictable future justify? The hard lesson of so many catastrophic events—industrial…

    Full Story
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