EHS M&A Activity, the State of Green, and Leveraging the IIoT [Roundup]

Posted by Greg Goodwin on Sun, May 03, 2015 @ 10:30 AM

Some contrasting this week in terms of mergers and acquisitions. While the industrial space, particularly within automation, has seen a marked decline in M&A activity in Q1 of 2015 compared to Q4 of 2014--both in number of transactions and market value. While this may point to a trend moving forward in this market sector, there was news this week of a notable EHS software acquisition--with Enviance acquiring Remedy Interactive. More details below in the round-up, along with opinions on the state of green business and what's needed to enable the Industrial Internet of Things to push forward the next industrial revolution.

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Tags: Manufacturing Operations

APM: Best of Breed or Platform Approach?

Posted by Dan Miklovic on Fri, May 01, 2015 @ 11:07 AM

Asset Performance Management (APM) is going through the same type of transition that so many other enterprise business process areas have seen over the last 15 years. The front office was the first to undergo this transition with the evolution of Enterprise Resource Planning (ERP) applications to replace the disparate collection of accounting packages and included some manufacturing planning and scheduling functionality. Other business processes like new product design and introduction led to the combination of CAD, CAM, CAE and other engineering applications into a suite of solutions called Product Lifecycle Management (PLM). This evolution is now manifesting whitn APM as we are seeing the disparate applications associated with predictive maintenance (PdM), condition-based maintenance (CBM), operation inspections, vibration monitoring, and a host of other APM functions being combined into a single integrated platform.

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Tags: Manufacturing

Delivering Asset Performance Management ROI Requires Budget Changes

Posted by Dan Miklovic on Thu, Apr 30, 2015 @ 10:43 AM

In a recent conversation with a long-time member of the greater Asset Performance Management (APM) community whom I have known for at least 20 years now, we discussed why many APM initiatives seem to fail to deliver the full scope of benefits they promise. This is particularly true of enterprise asset management (EAM) or computerized maintenance management system (CMMS) projects.

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Tags: Asset Performance Management

Meridium Users Conference Highlights Next-Gen APM

Posted by Dan Miklovic on Mon, Apr 27, 2015 @ 11:12 AM

I attended the Meridium Users Conference last week (21-24 April) in Orlando. While having covered Meridium as an analyst for almost 15 years it was the first time I attended one of its user conferences and I was impressed on many fronts. Meridium used the event to both review its history as well as introduce its user community to the next release of Meridium’s suite of Asset Performance Management (APM) solutions, Version 4.0. The conference also had a very high ratio of end user presentations concerning the use of Meridium solutions to solve asset reliability and performance issues. The first day after-lunch keynoter was Dr. Michael Porter of the Harvard Business School, who spoke about smart connected products. Meridium also provided a number of networking opportunities at social events and clients overwhelming were enthused about what they saw at the event. That is not to say the client base did not have wants and needs that Meridium has yet to fulfill, only that they seem to be very loyal and heavily invested in Meridium’s success.

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Tags: Asset Performance Management, Internet of Things

The Auto & Chemical Industries' Growth and Bringing IoT to the MBTA [Roundup]

Posted by Greg Goodwin on Sun, Apr 26, 2015 @ 10:30 AM

Warmer weather points to many things, one of which is increased travel. And whether you travel via car, bus, train, or subway, there's industry (and sometimes regional) news in this week's round-up.

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Tags: Internet of Things

Why Risk Management Dominates EHS Priorities

Posted by Paul Leavoy on Fri, Apr 24, 2015 @ 09:52 AM

We use a lot of lingo in environment, health, and safety (EHS) management to describe different metrics, approaches, technology, and best practices. There’s behavior-based safety (BBS), near-miss evaluations, at-risk behaviours, adverse events, and even—as one of the more cumbersome terms out there—outcome-and-behavior-based safety incentive programs (OBBSIP). What’s generally missing in conversations peppered with these terms is the fact that we’re often talking about different aspects of the very same thing: risk management.

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Tags: Risk Management, Environment Health and Safety

Two Critical Things to Consider Before Building Internal EQMS

Posted by Rob Harrison on Thu, Apr 23, 2015 @ 10:19 AM

The build vs. buy pendulum has swung and LNS Research is seeing fewer and fewer examples of the internal Enterprise Quality Management Software (EQMS) build. However, the homegrown approach still occasionally makes it through the appropriate decision gates, typically driven by a very strong internal IT team influence. In the world of homegrown EQMS there are two major types: point solutions and enterprise deployments, each with their own unique issues.

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Tags: EQMS

Don’t Forget About EAM When Building out Your APM Architecture

Posted by Dan Miklovic on Wed, Apr 22, 2015 @ 10:49 AM

I've been blogging a lot lately about the Industrial Internet of things (IIoT), Smart Connected Devices and the value of predictive analytics vis-à-vis Asset Performance Management (APM). This has led to a focus on automation companies and traditional condition-based and reliability centered maintenance (CBM/RCM) providers. IFS and SAP have their annual user group meetings in the next couple of weeks and so does Advoco, a major Infor services provider in the maintenance field--their first. IBM had a Maximo tract at the recent Interconnect event, and with a major third party hosting an SAP maintenance conference just last month this points to something that's pretty obvious, and it's that enterprise asset management (EAM) is still a key APM application for many businesses.

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Tags: Asset Performance Management

What Is the Industrial Internet of Things (IIoT) Platform?

Posted by Greg Goodwin on Tue, Apr 21, 2015 @ 11:36 AM

The Internet of Things (IoT) has become something of a ubiquitous term in the technology world, growing noticeably over the past year or two. And with the market projections from various research outfits and publications, it’s understandable. Tens of billions of potential things to be connected over the next decade(s) and revenue projections well into the trillions should leave no one surprised that these three letters are popping up in sequence so frequently these days.

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Tags: Internet of Things

New Industrial Business Models, Cap & Trade, and The Quality Manual's Death [Roundup]

Posted by Greg Goodwin on Sun, Apr 19, 2015 @ 10:00 AM

There's been some interesting market activity in the past few weeks around business reorganization and strategy, as GE and Caterpillar--two companies with different histories, products, and customers--made large business moves that signal a commitment to invest and innovate around data analytics and Industrial Internet of Things (IoT) technology, moves that are transforming the way they do business. More detail below in this week's roundup.

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Tags: Weekly Roundup, Quality Software