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The current buzz-term “Big Data” may be slightly misleading in the strictest sense. The concept is nothing new. Most manufacturers are quite accustomed to having “big,” some might say huge, amounts of data flowing throughout their organizations, but have historically lacked the context that gives that data actionable meaning—giving birth to the oft used phrase, “data rich, but information poor.”
We saw new signs of lively activity in the world of Manufacturing Operations Management (MOM) software solutions this past year, due to several factors, not the least of which was the beginnings of economic recovery in developed regions of the world. This activity is also attributable to growth in demand from an expanding middle class in emerging market areas of the world, as well as from shifts in manufacturing locations with re-shoring activities, a global environment of stable energy prices, and new technology advancements delivering benefits that are too compelling to ignore.
LNS Research was pleased to be among the 80-100 attendees at the MIT Forum for Supply Chain Innovation’s conference focusing on Big Data earlier this month near our offices in Cambridge, MA. The event was sponsored by MIT and Accenture, and featured MIT faculty speakers as well as those from Accenture and mining and electronics companies.
In the push to remain competitive on a global scale, manufacturing organizations have had to evaluate their production operations and shore up any areas where costs can be decreased and profitability maximized. These include lowering risk, improving customer responsiveness and service levels, obtaining a higher return on assets, and others.
LNS Research was pleased to be among the industry media and analyst guests at the Invensys Software Conference & Tech Support Symposium last month in Dallas, TX. We were impressed with many of the innovations, along with the spirit that was exhibited by more than 1,000 people in attendance.
On June 6, 2012, it was announced that private equity firm Francisco Partners plans to acquire Plex Systems, a pioneer in Cloud ERP manufacturing solutions. Accounting for the facts that Plex Systems is a fast growing competitor in the market and the ERP space is one of the most mature software segments today, this move has the potential to be beneficial for Plex Systems' strategic positioning and growth.
Last week, we covered the basics of cloud-computing in manufacturing. Much excitement in the space surrounds how Service as a Software (SaaS) delivers improved configurability, scalability, low implementation costs, and a reduction in the need for maintenance.
Disappearing are the days of large investments and lengthy implementation times for manufacturing applications. As we mentioned in our previous blog on the Digital Revolution, major changes in the industry charged by Information Technology in the last few decades are quickly moving onto web-based systems.
Like most industries today, manufacturing has gone through a long period of modernization that many believe is snowballing into a frenzy of digital innovation. Hi-Speed and Intelligent Robotics, Converged IT and Automation Infrastructure, Social Media Marketing, Detailed Process Modeling and Optimization Software, and 3-D Printing Machines are driving innovations, which, in turn, are increasing the demand for competitive advancements.
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