In the oil and gas market, where prices and profits are volatile, cutting costs and expenses becomes a higher priority. Even with signs of a market recovery, companies must focus on viability for the long term by not compromising on productivity and safety standards. How can companies most cost-effectively manage assets in this economy?
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As a whole, the utility industry is facing plenty of challenges that can strain an organization’s ability to achieve strategic goals. An ageing infrastructure, transitional workforce, changing compliance and reliability standards, outdated business systems and models all contribute to an out-of-date utility operating system that could be hurting your business. In order to push the organization in a more positive direction, these challenges need to be systematically and efficiently resolved so they do not continue to disrupt the organization’s overall performance.