About this episode
Peggy unpacks the numbers that show the cost of downtime in the manufacturing industry, saying organizations need to treat reliability as a core business strategy. She says we need to start taking a proactive approach to downtime prevention and leverage AI (artificial intelligence) and the IoT (Internet of Things).
She also discusses:
- How many U.S. manufacturers were hit by unplanned downtime in the past year.
- How much money of lost capital there is every week.
- How many say their companies take a reactive approach to maintenance.
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