May 2017

Trends and Resources

Business Trends: Human reliability—a disruptive innovation

Annual bottom-line losses due to equipment failures total more than $100 MM at major refineries and petrochemical complexes. Corporate executives charge plant personnel with improving the reliability of the facility.

Snider, B., Small Hammer Inc.

Annual bottom-line losses due to equipment failures total more than $100 MM at major refineries and petrochemical complexes. Corporate executives charge plant personnel with improving the reliability of the facility. To find the best solutions, teams scan the internet, trade publications, proceedings from conferences, white papers, reports, etc. They listen to all arguments and list possible solutions that will drive reliability to the highest levels in the shortest period of time and within a limited budget. The list consists of: Industrial Internet of Things (IIoT) Comprehensive data gathering and analysis (analytics) Reliability-centered maintenance Operational excellence Overall e

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