ABB Launches ABB Ability™ Collaborative Operations for Power Generation & Water [MondayMusings]

Posted by Matthew Littlefield on Mon, Mar 05, 2018 @ 03:43 PM

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

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Tags: IT/OT, #MondayMusings, Asset Performance Management (APM), Industrial Transformation / Digital Transformation, Big Data, Industrial Internet of Things (IIoT), Operational Excellence

All New Analytics That Matter Survey from LNS Research and MESA International

Posted by Andrew Hughes on Fri, Feb 16, 2018 @ 10:23 AM

LNS Research is thrilled to launch the first Analytics That Matter survey in partnership with MESA (Manufacturing Enterprise Solutions Association) International. For the last six years we partnered with MESA on the Metrics That Matter survey, which has been one important foundational element of LNS Research’s primary data-driven research. As the use of plant-centric data has expanded dramatically since the last survey in early 2016, we decided to change the focus from overall metrics to the use of analytics in manufacturing operations and beyond.

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Tags: Manufacturing Operations Management (MOM), Industrial Internet of Things (IIoT), Overall Equipment Effectiveness (OEE), Benchmarking, Metrics, Artificial Intelligence / Machine Learning (AI/ML), Asset Performance Management (APM), Big Data, Asset Reliability, Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Manufacturing Execution System (MES), Mobile / Mobility

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.

Click here to speak with Dan Miklovic

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

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

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

IIoT Insights from Foxboro User Conference and Siemens Analyst Day 2017 [Monday Musings]

Posted by Matthew Littlefield on Mon, Sep 25, 2017 @ 12:01 PM

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

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Tags: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Operational Architecture, #MondayMusings, Smart Connected Assets, Asset Performance Management (APM), Cloud

MacGyver Was Educational TV; Learn From the Master of Mashups & Improvisation

Posted by Dan Miklovic on Thu, Aug 10, 2017 @ 11:00 AM

 

As a longtime speaker and adult education instructor, one of the first lessons I learned about communicating with business people is that to educate them you must engage them, and the easiest way to do that is by entertaining them. Most of us would challenge the idea that prime-time network TV is educational; dominated by with reality competitions, whodunits, and comedy programs. So, you might be skeptical when I claim that Asset Performance Management (APM) professionals should treat a show like MacGyver as “educational TV.” Whether one harkens back to the original series from the late 1980’s or the rebooted version that started just last year (2016), MacGyver has become something of a legend in the TV world. 

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Tags: Industrial Internet of Things (IIoT), Asset Performance Management (APM)

The Smart Connected Asset Requires a Robust Digital Twin

Posted by Dan Miklovic on Thu, May 18, 2017 @ 10:00 AM

Asset performance management (APM), like manufacturing itself, is evolving to leverage the digital technology associated with Cloud, the Industrial Internet of Things (IIoT), Mobility, and Big Data and the associated Analytics. This overall industrial shift has been referred to as both Industry (or Industrie) 4.0 or Smart Manufacturing. Accordingly, LNS has set forth a vision of how APM must evolve in support of these highly digital, capable manufacturing assets which we call APM 4.0.

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Tags: Industrial Transformation / Digital Transformation, Industrial Internet of Things (IIoT), Operational Excellence, Smart Connected Assets, Asset Performance Management (APM)

Top 5 Questions from this Week's APM 4.0 Webcast

Posted by Dan Miklovic on Fri, May 05, 2017 @ 02:00 PM

On May, 2, LNS Research hosted the webcast, “APM 4.0: Get Ready, Make the Move.” The presentation examined the global state of asset performance, the key capabilities of APM 4.0, how to prepare for and execute a successful APM 4.0 strategy, and recommendations to advance APM 4.0 throughout the organization.

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Tags: Smart Connected Assets, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Asset Performance Management (APM)

Hannover Messe 2017 – 13 Digitalization Highlights from the Show Floor

Posted by Matthew Littlefield on Wed, May 03, 2017 @ 03:31 PM

Hannover Messe is the Super Bowl for industrial technology analysts, and 2017 did not disappoint. LNS Research had a very successful show, with myself, Andrew Hughes, and Greg D’Andrea in attendance. Across the three of us, we met with over 25 vendors and this post represents our version of the ESPN highlight reel.

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Tags: Industrial Transformation / Digital Transformation, Industrial Internet of Things (IIoT), Predictive Maintenance (PM), Smart Connected Assets, Asset Performance Management (APM), Cloud