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Lubrication-related equipment failure is a problem that plagues industrial facilities of all sizes and stripes. By some estimates, it causes as much as $1 trillion a year in reactive maintenance, unplanned downtime and lost productivity across the United States. These failure rates associated with lubrication also haven’t budged in the past two decades. This is especially troubling for industrial operators who have sunk billions of dollars into sophisticated maintenance management systems and predictive maintenance tools designed specifically to reduce downtime. Still, the problem is not getting better. How can that be?
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