It’s estimated that the average company faces 800 hours of downtime each year. With an hour of downtime costing as much as $540,000, inefficiencies and delays in maintenance activities can be very damaging. Having the correct information there when needed is essential to help mitigate these risks.
Asset optimization is a vital part of business in many industries. Accurate and up-to-date technical documentation that’s quickly and easily accessible underpins safe and efficient operations, maintenance, repair and change of plant and facilities. This remains a challenge for many organizations. So, what can you do to improve document management in your engineering operations?