Regardless of how well-designed or constructed an automation system, sooner or later all or part of it will need to be replaced. Industry research firm ARC estimates that some $65 billion in automation assets are approaching the end of a useful life cycle. New trends in life cycle management of automation assets are paving the way for the “continuously current enterprise”, to improve both availability and utilization of automation assets.
Having all automation systems — from ERP plant floor integration to instruments and asset management — subsumed under a consistent life cycle management discipline can magnify the cost savings and strategic value considerably.
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