6 Most Asked Questions from Digital Twin: Discrete Manufacturers Making the Connection from Innovation to Performance Webcast

Posted by Andrew Hughes on Wed, Oct 17, 2018 @ 01:38 PM

On Tuesday, October 16, LNS Research hosted the webcast, “Digital Twin: Discrete Manufacturers Making the Connection from Innovation to Performance.” The presentation explained the state of play of Digital Twin in discrete industries, where it’s going in the coming years, and how this exciting mix of real with virtual for products and assets will deliver endless possibilities to improve performance and competitive advantage in discrete manufacturing .

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Tags: Digital Twin, Manufacturing Operations Management (MOM)

Manufacturing ERP Vendor Plex Systems Acquires IIoT Firm DATTUS [MondayMusings]

Posted by Patrick Fetterman on Mon, Oct 15, 2018 @ 10:27 AM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.

On July 31, manufacturing ERP vendor Plex Systems announced the acquisition of DATTUS, an Indianapolis-based software company focused on collecting machine data from the factory floor and applying advanced analytics. Terms of the deal were not disclosed .

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Tags: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Cloud, Enterprise Resource Planning (ERP)

The What, Why and How of Digital Twin in Discrete Manufacturing

Posted by Andrew Hughes on Wed, Oct 10, 2018 @ 10:36 AM

The goal of a Digital Twin is to have a software copy that behaves as closely as possible to its real-world twin, capturing every single attribute of that physical thing. We are often focused on Digital Twin of a product – because as products evolve their Digital Twin can be updated to reflect the new product, it can also predate the new product. But what about the benefits of having a Digital Twin for assets? Consider a manufacturing plant, we can start with small pieces of equipment that are vital to the production – the more critical that equipment is, the more likely is it that a Digital Twin will deliver benefits. The component, of course, must be significant enough to warrant the (high) cost of developing a Digital Twin or have enough pre-existing models available to construct a first-generation Digital Twin. The key for executives is to understand that Digital Twins can bring immediate benefit to a manufacturing plant (and the products it produces), but they are a long-term play rather than a quick fix.

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Tags: Digital Twin, Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Industry 4.0 / Smart Manufacturing

Is Now the Time to Implement an Integrated EHSQ Management Strategy?

Posted by Peter Bussey on Tue, Oct 09, 2018 @ 10:11 AM

The concept of effective integration of environment, health and safety, and quality (EHSQ) management systems has received much attention in the past few years. Though, not surprisingly, the idea of EHSQ integration has not translated into widespread implementation - after all, it’s hard to break down long-standing organization and technology silos, and bring teams, processes, and technology together for the greater good of the organization.

But, several forces have come together to create the opportunity, if not the obligation, for EHS and quality business leaders to look at the possibilities and develop an integration strategy to strengthen both domains and add more value to the business.

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Tags: Environment, Health and Safety (EHS), Risk Management, ISO Standards, Enterprise Quality Management System (EQMS)

There’s No Industrial Transformation Without Operational Architecture

Posted by Andrew Hughes on Thu, Sep 20, 2018 @ 11:12 AM

Our journey through the Analytics That Matter series has shown that the Operational Architecture is a critical factor in building an analytics environment that can deliver value at all levels (descriptive, diagnostic, predictive and prescriptive). It’s also clear that where Operational Architecture is concerned, one size does not fit all. Operational Architecture is one piece of the operational and data model puzzle manufacturers need to ensure success. Many industrial organizations ask, “Why doesn’t one size fit all?” Let’s explore that statement and explain why right-sizing each element is key for success.

Click here to speak with Andrew Hughes

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Tags: Operational Architecture, Digital Transformation, Product Lifecycle Management (PLM), Manufacturing Operations Management (MOM)

4 Most Asked Questions from Unlocking Value from Shop Floor to the Enterprise: Digitally Transforming Risk, Quality and Safety Webcast

Posted by Dan Jacob on Wed, Sep 19, 2018 @ 10:46 AM

On Tuesday, September 18, LNS Research hosted the webcast, “Unlocking Value from Shop Floor to the Enterprise: Digitally Transforming Risk, Quality and Safety.” The presentation explained how integrating the critical functions of quality and safety can mean strategic value for the enterprise beyond the sum of what they offer separately. The discussion included an examination of how industrial organizations use advanced digital technologies to transform risk, quality, and safety management to deliver unprecedented value from the shop floor and throughout the enterprise .

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Tags: Environment, Health and Safety (EHS), Quality 4.0, Enterprise Quality Management System (EQMS)

5 Most Asked Questions from The Solution Selection: Choosing the Right Asset Performance Management 4.0 Partner Webcast

Posted by Dan Miklovic on Fri, Sep 14, 2018 @ 10:55 AM

On Tuesday, August 21, LNS Research hosted the webcast, “Solution Selection: Choosing the Right Asset Performance Management 4.0 Partner.” The presentation examined the current APM 4.0 solution landscape and how companies can use the Solution Selection Guide to make a shortlist of potential vendors to support the company’s Digital Transformation initiative.

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Tags: Asset Performance Management (APM), Solution Vendor / Software Vendor, Solution Selection Guide

4 Most Asked Questions from The Analytics That Matter: A Fresh Perspective on Operational Architecture Webcast

Posted by Andrew Hughes on Mon, Aug 27, 2018 @ 10:31 AM

On Thursday, August 23, LNS Research hosted the webcast, “Analytics That Matter: A Fresh Perspective on Operational Architecture.” The presentation explained the results of the 2018 Analytics that Matter survey and helped industrial executives understand a new dimension of Operational Architecture. The discussion also covered the data and analytics architecture that powers Digital Transformation goals.

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Tags: Operational Architecture, Manufacturing Operations Management (MOM), Digital Transformation

Better Together: Digitally Transforming Environmental, Health, Safety, and Quality Systems

Posted by Dan Jacob on Fri, Aug 17, 2018 @ 02:14 PM

Some things are good on their own, but simply better when paired with something else. Take peanut butter and jelly, wine and cheese, or as many of us are reminded at this time of year, the beach and sunscreen. However, sometimes better together is more than just the sum of individual ingredients, like chemical reactions. For instance, internal combustion is the combination of fuel, oxygen, compression, and a spark resulting in much more than a static mix of its respective parts. This is true with quality, and environmental, health, and safety (EHS).

Quality and EHS management systems have increasingly converged over the past several years, enabled by the efforts of standards organizations such as ISO. Combining these two previously disparate management systems into one is a better together story, with shared competencies, culture, data, and processes. However, when we combine these management systems with Digital Transformation, we create something more like a chemical reaction.

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Tags: Digital Transformation, Cost of Quality (CoQ), Environment, Health and Safety (EHS), Risk Management

Advanced Industrial Analytics Vendor Seeq Secures $23 Million in Series B Funding [MondayMusings]

Posted by Matthew Littlefield on Mon, Aug 06, 2018 @ 01:41 PM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.

On July 18, advanced industrial analytics vendor Seeq announced $23 Million in series B funding. Seeq was founded in 2013 with an initial series A funding of $6 Million led by Second Avenue Partners. The second round of funding included previous as well as new strategic investors like Altira Group with participation from Chevron Technology Ventures and next47, the Siemens backed global venture firm.

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Tags: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT)