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According to a recent Vanson Bourne global study After The Fall : Cost , Causes and Consequences of Unplanned Downtime , 82 % companies have experienced at least one unplanned downtime outage over the past three years , and two on average . These outages have lasted four hours . Depending on the company and type of equipment , this can cost organisations anywhere from $ 50k- $ 150k per hour for say , a medical device company , and up to $ 2m for a major outage on an industrial critical asset . ( Aberdeen estimates the cost across all businesses to be $ 260,000 an hour ). The research also revealed high levels of asset estate ignorance across organisations , with 70 % of companies lacking full awareness of when equipment is due for maintenance , upgrade or replacement .
In addition to financial losses , the research found that almost a third of respondents said they were unable to service or support specific equipment assets , while 65 % of respondents from the energy and utilities sector , and 62 % from the medical sector cited losing the trust of their customers as
JULY 2019