LNS Research provides executives a platform for accessing unbiased research and benchmark data to improve business performance
The LNS Research Blog provides an informal environment for analysts to share thoughts and insights directly with our community on a range of technology and business topics
Numerous previous posts have talked about the relevance of the Cloud to all aspects of manufacturing, including Asset Performance Management (APM). There is no denying that Cloud technology is radically transforming the way enterprises collect and analyze the vast volumes of data available for all of their processes.
Last month, we wrote about the current and future benefits of cloud software technology on operations and IT as perceived by today’s manufacturers, based on the results of our 2014-2014 Manufacturing Metrics that Matter survey, conducted jointly with MESA International. Though there’s a multitude of ways, many big but some small, that manufacturers feel cloud will benefit them in the coming years, we narrowed it down to the four most immediate and relevant that manufacturers are experiencing and reporting about the cloud.
The manufacturing industries are constantly looking for ways to cut costs, increase revenue, efficiency, speed, and so on, and advancements in technology are key to furthering this cause. Today, there are several emerging technologies that are having a significant impact on how companies operate. And one that is being embraced with increasingly open arms is cloud manufacturing software.
In comparison to other areas like sales, marketing, and service, in the past manufacturing executives have not been particularly savvy when it comes to implementing emerging software on the plant floor. But over the years we've been watching companies like Plex Systems’ change that, moving forward the capabilities and adoption of cloud-based manufacturing solutions. The hundreds of manufacturers at the PowerPlex user conference last week were a testament to that forward progress.
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.
© 2014 matthewlittlefield.com