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"Shareholder value is no longer a concept exclusive to fund managers and the Boardroom. Increasingly, all parts of an organisation are being judged on their ability to contribute towards the ultimate corporate goals of better margins, increased profits and, ultimately, ever improving shareholder value."
Nowhere is this pressure to contribute being more keenly felt than in the area of process control, where increased productivity and shorter times to market can make an enormous contribution towards the ultimate value objective. Many sectors, such as oil and gas and power generation, have been quick to embrace automation for safe process monitoring and accurate control, Others, such as brewing and food manufacturing, are increasingly automation manual operations to increase production levels and maintain competitive advantage.
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What are the key drivers encouraging companies to automate?
Nowhere is this pressure to contribute being more keenly felt than in the area of process control, where increased productivity and shorter times to market an make an enormous contribution towards the ultimate value objective.
Second Key Driver - health and safety legislation
The second key driver is health and safety legislation. Catastrophic failure, such as an oil depot fire
Third Key Driver - reducing utility costs
The third key driver is to reduce the costs of goods sold by reducing utility costs.
Operational Excellence
Finally, operational excellence, in particular agile manufacturing is a key driver.
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