October 2004

Trends and Resources

HP Impact: HPImpact: Faulty data exchange costs industry billions

Inadequate software interoperability in the capital facilities industry cost $15.8 billion in 2002 due to lost efficiency. A new report from the National Institute of Standards and Technology (NIST) p..

Weirauch, Wendy, Hydrocarbon Processing Staff

Inadequate software interoperability in the capital facilities industry cost $15.8 billion in 2002 due to lost efficiency. A new report from the National Institute of Standards and Technology (NIST) places this price tag on avoidance, mitigation and delay activities caused by data-exchange problems. The analysis breaks down losses for architects and engineers, general contractors, specialty fabricators and suppliers, and owner/ operators (O/Os) at three different stages of a facility's life (Table 1). Two-thirds of the costs are borne by O/Os, mostly coming during the ongoing facility operations and maintenance phase. 

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