by Lauren Stone | Oct 16, 2024
What is an Effective Asset Register, and Why Does it Matter? In today’s competitive business environment, especially for companies in asset-intensive industries such as manufacturing, utilities, or oil and gas, building effective asset registers is crucial. An asset... by Lauren Stone | Oct 11, 2024
In the world of asset management, transitioning from traditional paper-based systems to modern digital platforms is a necessary yet complex process. Digitizing legacy documents like P&IDs, equipment datasheets, and electrical schematics comes with its challenges.... by Lauren Stone | Sep 26, 2024
Inaccurate cost estimation doesn’t just cause headaches—it can derail entire projects. By moving away from historical benchmarks and adopting data-driven methods, organizations can improve the accuracy of their forecasts, reduce the risk of overruns, and maximize... by Lauren Stone | Sep 24, 2024
Cost estimation plays a pivotal role in determining the success of any industrial project. In each step of the process, accurately forecasting necessary budgets ensures that projects remain on track and on schedule. However, many organizations still rely on historical... by Ria Ghuman | Sep 12, 2024
Given the high stakes, relying on manual data extraction is no longer practical. AI and machine learning, are revolutionizing how data is extracted and interpreted from industrial diagrams. These technologies offer significant benefits, such as cutting extraction time...