Top performers optimize their assets. It’s true in any field—sports, the arts, and business. Yet in business, optimizing performance of capital assets often plays distant runner-up to the more glamorous pursuit of top-line growth. That’s not surprising, given the importance of increasing sales revenue. But it can cost you—and lead to operating surprises that are even more punishing.
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critical assets fail. Whether it is a faulty sewer line or a poorly calibrated vaccine machine or a broken oil rig, asset failure can create significant revenue and operating losses. The stakes grow even higher in regulated industries- such as pharmaceuticals, healthcare, food & beverage, and biotechnology-as well as in the highly regulated public sector. Consequences of noncompliance can include not just lost revenue, but fines, plant or location closings, litigation, damage to reputation, and a loss of