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Business Chief USA July 2019

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CLICK TO WATCH: ‘SERVICEMAX DAY IN THE LIFE OF TECHNICIAN OVERVIEW’<br />

61<br />

a possible impact of suffering a highprofile<br />

incident or disaster. Across all<br />

sectors, around one in ten admitted<br />

their company would never recover<br />

from such critical incidents and would<br />

ultimately cease to exist. Nobody wants<br />

to be blindsided with those sorts of<br />

numbers. But what are companies<br />

doing about it?<br />

The research hints at a tipping point<br />

in recognition of the problem and<br />

planned investment to address it. Over<br />

time, zero tolerance and zero unplanned<br />

downtime will become the norm as<br />

companies develop and invest in their<br />

industrial digital strategies. Key to this,<br />

is an understanding of and investment<br />

in field service management and asset<br />

performance management capabilities.<br />

According to Vanson Bourne, eight<br />

in ten companies have already<br />

recognized this, at least that digital<br />

tools can improve visibility of assets<br />

and help eliminate unplanned downtime.<br />

Around 50% of companies<br />

confirmed they plan to invest in field<br />

service and asset management<br />

technologies in the next three years,<br />

while 72% of firms claim that zero<br />

unplanned downtime is now a number<br />

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