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Stratus Technologies, Inc., a leading provider of continuous availability solutions, announced that it has acquired Regal Maintenance Solutions, a third-party maintenance and support provider for Stratus products. The acquisition will help Stratus to provide additional resources to address the need to minimize unplanned downtime and future-proof automation systems.
Unplanned downtime is the number one issue for automation systems today. A significant percentage of today's global installed base of automation systems are at least 20 years old and becoming increasingly difficult and costly to maintain properly. The average impact of unplanned downtime in the process industries alone is $20 billion, or almost 5 percent of the annual production, making minimizing unplanned downtime attributable to automation one of the best ways for industrial organizations to improve their return on (automation) assets (ROA).
Business Consequences of Unplanned Downtime
Unplanned downtime results in major business consequences. For example, from 2 to 5 percent of all lost production in petrochemical plants is attributable to unplanned downtime. In another, more specific example, unplanned downtime at a 2,000-horsepower natural gas compression station could cost the owner-operator $10,000 per hour. Reliability experts estimate that unplanned downtime costs 10 times as much as planned downtime for maintenance in the process industries.
Keywords: Industrial IoT (IIoT), Cybersecurity, Industrial Applications, Communications Control Technology, ARC Advisory Group.