Tag: analytics

Understanding the Cost of Downtime

Downtime in any industry is incredibly expensive. It’s not just about lost production; it includes the cost of repairs, lost sales, potential damage to reputation, and the disruption to workflows. The longer the downtime, the more significant the financial and operational impact becomes. For some businesses, even a few hours of downtime can be devastating. This makes proactive measures to prevent such issues critically important.

The Traditional Approach to Maintenance

Traditionally, businesses relied on either preventative or reactive maintenance. Preventative maintenance involved scheduled shutdowns and inspections at fixed intervals, regardless of the actual condition of