In industrial business-to-business equipment markets, manufacturers are struggling with energy price volatility, increasing costs of regulatory compliance, and public demands for improved environmental stewardship for scarce resources. Manufacturers need to find ways to adapt to these challenges, including investing in next-generation technologies.
Industrial producers, such as paint and resin manufacturers or oil-and-gas refinery operators, are investing in advanced technologies that will help them to achieve their business goals. Smart SCADA systems can reduce downtime through proactive monitoring. Energy-efficient pump technology delivers operating-cost savings, hedges against energy-price fluctuations and helps companies to meet their environmental stewardship goals by reducing carbon emissions.
However, any new technology can dramatically increase the complexity of business operations, at a time when cost pressures and economic headwinds threaten to curtail growth and profitability. Further, these technology investments require specialized knowledge and expertize to build, operate and maintain. Many industrial producers, like most businesses, face resource constraints and are operating with leaner staffing levels than ever before. As a result, they are finding that they don’t possess the in-house expertize to effectively select, build, operate and maintain increasingly complex equipment and systems, and often are forced to turn to third-party organizations with specialized knowledge for support. http://www.worldpumps.com/operating-design/features/the-value-of-applications-knowledge/