Finding Hidden Risk in Your Business: How asset performance management can reduce risk and help you reach operational excellence
A whitepaper presented by GE Digital
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Operational risk can take on a variety of forms and threaten industrial organizations from countless directions. It can be tempting to focus on the immediate, obvious short-term risks to daily operations, but focusing only on what you can see—versus what you can’t see—has the potential for negative financial and operational impact. Industrial organizations that want to remain competitive need to have zero tolerance for inefficient operations and the associated cost overruns, missed production targets, ineffective workforces, or safety/environmental incidents.
APM is all about connecting assets, strategies, people, and information to create an enlightened, holistic view of plant operations that can be better used to manage asset performance and operational risk. When it comes to understanding risk, data can tell you things you never thought to ask.
Download this whitepaper to learn about:
- How operational risk for oil and gas organizations starts with the production assets
- How to integrate and analyze all asset data sources to enables you to determine true asset health and mitigate risk
- How APM solutions aligned to your work processes can help create a culture for compliance and risk management
