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NRX Global Featured in Chemical World Magazine on the Importance of World Class Asset Information Management
Chemical World, one of the leading trade publications for the global chemicals industry, featured NRX Global Inc. in an in-depth feature focused on Asset Information Management in this month's issue.
TORONTO, CANADA, August 05, 2010 /Canada PR News/ -- Chemical World, one of the leading trade publications for the global chemicals industry, featured NRX Global Inc. in an in-depth feature focused on Asset Information Management in this month's issue.
The story highlighted how industry leaders in the process and chemicals industry are employing world class Asset Data Governance solutions like NRX's Asset Hub to improve the safety, compliance, and profitability of their operations.
Richard Neidert, SVP of Global Sales at NRX was quoted extensively in the article. In the opening section of the article he cited the risk of poor data quality to operations, safety, compliance and ultimately profitability: "Without good governance of asset data, companies are exposing themselves to enormous operational risk. Anytime a company is operating and maintaining assets without being absolutely sure that the right data is being used, the risk of safety incidents, environmental disasters and large financial losses rises significantly." Neidert went on to explain that "a core component of (NRX Solutions) is Asset Data Governance (ADG). This ensures all systems of record remain synchronized, and all changes are subject to the organization's approval processes. This auditable process provides the transparency to show why each piece of information is what it is (i.e. who changed and/or approved it, when and why)."
Rakesh Rao, Chemical industry Expert and the article's author, concludes with a summary of many of the strategic business drivers that lead executives in asset intensive industries to implement world class AIM strategies "Long-term investment and long asset lifecycles can lead to considerable lifetime costs for maintenance, human resources & spare parts, not least for the continuous modifications that are required to optimize asset availability and operations. A comprehensive AIM strategy can help companies generate conditions for continuous enhancement of lifecycle profit, ie, lower costs, greater availability, and increased workforce efficiency."
About NRX
NRX Global Inc. is the global market leader in Asset Lifecycle Information Management (ALIM) software. Leading companies in asset intensive industries around the world use NRX solutions to dramatically reduce the time and cost needed to achieve full production on complex capital projects. For critical assets that are in operation, NRX solutions enable clients to significantly increase asset productivity and materially reduce operating, safety, and compliance risk and costs over the operating life of the assets. For customers interested in learning more about NRX solutions please visit our website at www.nrx.com or contact us by email at info@nrx.com.
For more information, press only:
Jessie Diong, Product Marketing Manager, Email: jdiong@nrx.com, Tel.: +1 (416) 306-3664
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Press Release Contact Information:
Andrea Rocca
NRX Global Inc.
Marketing Manager
150 York Street 14th Floor
Toronto, ON
Canada M5H 3S5
Voice: 1-877-603-4679
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