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Stock impact report

The role of digital twins in predictive maintenance [Yahoo! Finance]

Nokia Corporation Sponsored American Depositary Shares (NOK) 
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am Check Earnings Report
US:NYSE Investor Relations: nokia.com/en_int/investors
Company Research Source: Yahoo! Finance
Although estimates often widely vary, breakdowns can halt production to the tune of thousands. A failed dump truck, for example, can cost as much as $1,000 per hour; while the breakdown of a reclaimer could result in $1,000,000 in lost production each day it is out of service, according to software and technology provider Akselos. With these troublesome statistics, it is little wonder that 30–50% of total mine operating costs can be down to maintenance. “Mines represent complex, multi-domain and multi-stakeholder operations where low agility and high uncertainty significantly impact profitability,” explains Nokia Bell Labs' Lelio Di Martino, head of network application research. It is not uncommon for mines to experience millions of dollars in lost productivity due to unplanned equipment maintenance, or suboptimal decisions made manually with a limited view of the mine's real-time status, he says. Mines increasingly employ predictive maintenance Because they result in such Show less Read more
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