The NRX Blog
Safeguarding Critical Assets: The Strategic Value of PM Optimization
A study by ARC Advisory Group revealed that nearly 82% of industrial asset failures occur randomly, even in seemingly well-maintained environments. This underscores the urgent need for PM optimization. It's not just a matter of improving efficiency, it’s essential for...
How Consolidating Duplicate PMs Can Unlock Hidden Efficiency Gains
According to the U.S. Department of Energy, nearly 30% of preventive maintenance tasks are redundant or inefficient. This can be a costly drain on time and resources in industrial settings. In many EAM systems, whether using IBM Maximo, HxGN EAM, or Oracle EAM, this...
Integrating AI P&ID Extraction with Asset Management Systems
Engineers spend the majority of their time searching for information within technical documents such as P&IDs. This inefficiency is now being solved with artificial intelligence. What Is AI-Based P&ID Extraction? Piping and Instrumentation Diagrams (P&IDs)...
ISO 14224 vs Other Maintenance Standards: What Sets It Apart?
A recent study found that unplanned downtime costs industrial manufacturers an estimated $50 billion annually. With stakes this high, choosing the right maintenance standard—such as ISO 14224—isn't just important, it is essential. Understanding the Landscape of...
Key Metrics That Power Smarter Asset Scheduling
According to a maintenance study conducted by Plant Engineering, the average facility now spends 33 hours per week on scheduled maintenance, up from just 20 hours in 2020. That increase reflects a growing awareness of maintenance planning’s impact, but also raises the...
The Role of Asset Criticality in Risk-Based Maintenance Planning
Maintenance teams across asset-intensive industries face a common challenge: a growing backlog of requests with limited visibility into which tasks truly matter most. When every piece of equipment feels urgent and resources are stretched thin, the inability to...
From Data Silos to Smart Decisions: The Power of Integrated Asset Platforms
Organizations often find themselves navigating through disconnected Excel spreadsheets, maintenance logs, and multiple systems in an attempt to reconcile work order data and asset information. In today’s digital-first world, data silos are the silent killers of...
Building Trust in Your Asset Data: Strategies for Governance and Validation
In asset-intensive industries, data is the new oil—but only if it is clean, trusted, validated, and properly governed. Whether you are using IBM Maximo, Oracle EAM, or HxGN EAM, the accuracy of asset data is what drives the effectiveness of your EAM and CMMS...
IIoT Unleashed: How Smart Factories and Connected Assets Are Transforming the Industry
The Industrial Internet of Things (IIoT) is driving a paradigm shift in manufacturing, logistics, and asset management. By connecting industrial equipment to the cloud, IIoT enables real-time monitoring and enhanced operational efficiency. The adoption of IIoT is...
AI in the Factory of the Future: How Intelligent Systems Are Reshaping Manufacturing
AI leaders outperformed their industry peers by a factor of 3.4, proving that artificial intelligence is not just an emerging technology but a competitive advantage in modern manufacturing. AI is revolutionizing the manufacturing sector as they not only drive...