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How outcome-based services help maximize equipment uptime

August 18, 2021

How outcome-based services help maximize equipment uptime
Leveraging outcome-based services to achieve operational goals not only maximizes equipment uptime, but also delivers several operational advantages, such as:
  • Cost savings through pricing that includes risks and rewards, as the service provider is incentivized to meet an operation’s defined outcomes and business goals
  • Enhanced innovation through the deployment of additional equipment-monitoring sensors and data analytics
  • Closer alignment between equipment owner and service provider, as both are working toward the same outcome
  • An overall focus on activities that bolster business success, rather than task-based objectives
  • Application of measurable standards tied to required outcomes for results verification
  • Greater efficiency and flexibility in delivery and adaptation of technological advancements, such as the implementation of IoT programs
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