As per reports, industrial manufacturers face approx. 800 hours of annual unplanned outages costing them an estimated $50 billion annually. Equipment failure due to improper maintenance is the cause of 42% of this unplanned downtime which results in excessive maintenance, repair and equipment replacement.
To remain competitive, companies need to operate safely, reliably and efficiently. For that, a highly trained and competent workforce is required. Most workers are practical learners, acquiring 70% of their skills and knowledge from experiential learning. Robust On-the-Job Training (OJT) programs are expected to solve these challenges, but they are very expensive, logistically difficult and involve risks.