Dan Miklovic

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5 Common Mistakes Companies Make When Modernizing Their ERP Application

Posted by Dan Miklovic on Tue, Apr 24, 2018 @ 11:21 AM

As the enterprise resource planning (ERP) market approaches the quarter-century mark, many manufacturers and asset-intensive industries are going through an upgrade or refresh cycle. With the growing importance of Cloud, mobility, Big Data analytics and the Industrial Internet of Things (IIoT), these firms are frequently driven by competition, or senior management’s desire to change the company's competitive position, through Digital Transformation to become a Smart Manufacturing company. LNS has numerous end-user clients that see their business environment changing, and application decisions they made one or two decades ago now leave them with a technology portfolio that inhibits their ability to pursue Digital Transformation. Data from our IIoT survey shows that of the nearly 650 respondents, 62% list enterprise application spending as the number one investment area, over Big Data analytics and knowledge management. Unfortunately, many firms struggle with choosing their next generation ERP technology. What are the most common mistakes that make it so hard?

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Tags: Cloud, Enterprise Resource Planning (ERP), Industrial Internet of Things (IIoT), Digital Transformation, IT/OT

SAP-Centric EAM and Supply Chain Event Reveals SAP’s Biggest Challenges and Opportunities are Ahead Among Manufacturers and Asset-Intensive Industries [MondayMusings]

Posted by Dan Miklovic on Mon, Apr 09, 2018 @ 01:15 PM

The 14th annual SAP-Centric EAM (enterprise asset management) event was held in Austin, Texas the week of March 26. This is the second year SAP elected to roll its supply chain event into the event that’s produced by ASUG and Eventful Group, and supported by SAP. The combined EAM/supply chain event resulted in a much more diverse set of attendees, an expanded program that reflected the interests of a much broader portion of people from corporate functions in business, and attracted a larger set of SAP partners and third-party solution providers than past events. The Americas’ SAP Users Group (ASUG) drives the program content as well. The event has a very high percentage of SAP user-delivered content, blended with a mix of SAP strategic leadership vision delivery as well as product roadmap previews and technical user group lab environment workshops and roundtables. This event exposes SAP's greatest strengths and the significant challenges it faces going forward in the SAP user community.

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Tags: Solution Vendor / Software Vendor, Enterprise Asset Management (EAM), Digital Transformation, #MondayMusings

Infor Innovation Summit Lives Up to Its Name, Validates Digital Transformation is a Necessity [MondayMusings]

Posted by Dan Miklovic on Mon, Mar 26, 2018 @ 12:50 PM

Infor, an enterprise software company, brought together the analyst community at its New York headquarters for another Innovation Summit to share updates on progress and plans for its product set. The Infor senior leadership team, backed by several customers, walked analysts through the entire product portfolio. Often perceived as “the other ERP company,” in the shadow of SAP and Oracle, Infor deserves more credit for innovation and adoption of future trends and technology. Infor was the first of the major enterprise application players to embrace Cloud and user experience, and was a very early proponent of analytics and artificial intelligence (AI). Much of the progress Infor made has been in industries outside of manufacturing like healthcare, transportation, retail, and in standard business functions such as human capital management (HCM). Manufacturing and asset-intensive industries should take note as they will benefit from the advances the software vendor is bringing to the market, in addition to all the Cloud capabilities directly associated with manufacturing in relevant CloudSuites. The Innovation Summit featured several end-users who made it clear they see Digital Transformation as their only option.

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Tags: Cloud, Mobile / Mobility, Enterprise Asset Management (EAM), Digital Transformation, Artificial Intelligence / Machine Learning (AI/ML), #MondayMusings, Asset Performance Management (APM)

Open Process Automation Forum 2018 - A Year to Make or Break

Posted by Dan Miklovic on Fri, Mar 09, 2018 @ 10:33 AM

LNS joined the Open Process Automation (OPA) Forum in early 2017. A year after, here is our assessment on how far the forum has come and what the remainder of 2018 means. The OPA forum made some considerable progress in 2017, but 2018 will be the real indicator of OPA’s success or failure. The most prominent challenge facing OPA is breaking the mindset that the future must evolve from the past in small steps. OPA needs a mutation to change the way the industry needs. There will be winners and losers in any technology evolution, and the next generation of process control automation systems will be no exception.

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Tags: Industrial Automation, Smart Connected Assets, Industrial Internet of Things (IIoT), Asset Reliability, Operational Architecture, Asset Performance Management (APM)

2018 Asset Performance Management Predictions

Posted by Dan Miklovic on Tue, Feb 06, 2018 @ 10:16 AM

Every year LNS analysts offer up our predictions on what the year will bring in each of our coverage areas. In 2018 the most significant shift in APM will be the move away from the maintenance-centric approach that APM was born from 15-20 years ago including enterprise asset management (EAM), computerized maintenance management systems (CMMS) and a focus on reliability and downtime reduction to APM 4.0. APM 4.0 with the emphasis on Digital Twins and prescriptive analytics is more about asset optimization than just reliability and availability.

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Tags: Predictive Maintenance (PM), Enterprise Asset Management (EAM), Asset Reliability, Artificial Intelligence / Machine Learning (AI/ML), Asset Performance Management (APM)

2017 APM Prediction Report Card

Posted by Dan Miklovic on Wed, Jan 03, 2018 @ 09:01 AM

Every year LNS Research puts forth predictions around the key trends in the Operational Excellence pillars.  In the case of asset performance management (APM), our 2017 forecast focused on a new model emerging for APM, which we ultimately called APM 4.0.  In fact, the "4.0" model also became the basis of our EQMS and EHS coverage throughout 2017, because incorporating digital technologies inherent in business transformation today have become core to every element of Operational Excellence. The specific APM predictions were:

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Tags: Enterprise Asset Management (EAM), Asset Performance Management (APM)

5 Mistakes Companies Make In Their Operational Excellence Program

Posted by Dan Miklovic on Thu, Nov 30, 2017 @ 11:01 AM

Data from LNS’s surveys related to asset performance management (APM) and the Industrial Internet of Things (IIoT) all point to improvement in operational performance as the key driver for investment in those two areas.  LNS believes that the pursuit of better performance is captured in our definition of Operational Excellence. Operational Excellence is the second step of LNS's Digital Transformation Framework, following setting Strategic Objectives for Digital Transformation and the precursor to defining an Operational Architecture. The biggest mistake that most companies make is that they don’t take the time to establish what Operational Excellence means to their business.  Even those that do have an idea of what Operational Excellence looks like for their business still risk making critical mistakes when trying to capture that definition and communicate it throughout the organization. Failing to pursue Operational Excellence is a recipe for mediocrity.  Don’t make these five mistakes in your pursuit of Operational Excellence.

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Tags: Operational Excellence, Business Process Management (BPM)

Five Mistakes Companies Make in Their Vendor Selection Process

Posted by Dan Miklovic on Tue, Nov 21, 2017 @ 08:45 AM

The last step in the LNS Digital Transformation framework is vendor selection. Frequently, manufacturers engage LNS or other research firms because they desire a selection process that is free from bias and to, ultimately, choose a provider that can actually help them achieve project objectives. Companies recognize that vendors have a natural bias to their own products while system integrators have a bias towards products with which they are familiar and for which they offer implementation services. They also recognize that their knowledge of the breadth of the potential solutions can be limited. In many cases, users simply recognize they “don't know what they don't know” when it comes to which solution providers to evaluate.

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Tags: Solution Selection Guide, Solution Vendor / Software Vendor

GE’s Minds + Machines Goes Conventional [MondayMusings]

Posted by Dan Miklovic on Mon, Nov 06, 2017 @ 12:25 PM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from recent briefings, events, and publications @LNSResearch.

GE held its sixth Minds + Machines event the week of October 23 in San Francisco, home to past events, but in a new venue.  During the past several years GE transformed industrial-style locations into conference venues, demonstrating as it did so its ability to use its own technology to rapidly spin up what amounted to a small city.  Attendance has grown from 150 at the first event to over 3800 today, with this year almost double from 2016 — making the larger Moscone Convention Center a necessity.

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Tags: Cloud, Solution Vendor / Software Vendor, Digital Transformation, #MondayMusings, Operational Architecture

More Revenue in Mining Has MOM Vendors Investing

Posted by Dan Miklovic on Thu, Oct 19, 2017 @ 09:15 AM

The last two years have seen fairly steady price increases in both ferrous and nonferrous base metals prices. Given the prices of the rarer precious metals and most minor metals, combined with growing optimism around the rest of the precious metals sector, LNS Research sees the mining industry finally looking to invest in Digital Transformation.

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Tags: Operational Excellence, Digital Transformation, Asset Performance Management (APM)