Partly as a result of robust demand for oil and other forms of energy, process and power owner/ operators and EPC firms are projected to step up their investments in IT solutions that enable the quick..
Partly as a result of robust demand for oil and other forms of energy, process and power owner/ operators and EPC firms are projected to step up their investments in IT solutions that enable the quickest time to product, and to control the total life cycle cost of the asset. Plant design software and services will enjoy robust growth of 11%, totalling $800 million in 2006, according to researchers with Daratech (www.daratech.com).
Driving new investment in these technologies are the intense pressures on owner/ operators and EPCs to reduce the total installed cost of production assets and reuse/ redesign existing assets. All this must be accomplished while controlling project execution risk
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