Avoid Overspending with the Right APM Solution Provider

Posted by Dan Miklovic on Wed, Nov 23, 2016 @ 11:30 AM

Asset Performance Management (APM) has become one of the most talked about practice areas in the industrial sector. Every user group meeting in the automation sector that LNS Research analysts have attended recently has spoken of reliability, APM, and the Industrial Internet of Things (IIoT) as the way to drive Operational Excellence.

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Tags: MOM, Big Data, Asset Performance Management, Mobility, IIoT, cloud

China 2025 with Dassault Systèmes, SAP Vision for Extended Supply Chain, & Emerson Focuses on Financials [MondayMusings]

Posted by Matthew Littlefield on Mon, Nov 21, 2016 @ 10:10 AM

The #MondayMusings, Digital Transformation blog series provides executive level insight and analysis from the previous week’s briefings, events, and publications @LNSResearch.

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Tags: Asset Performance Management, IIoT, EAM, cloud, Digital Transformation, #MondayMusings

Users Prioritize APM Functionality and Ease of Integration Ahead of Cost

Posted by Dan Miklovic on Tue, Nov 15, 2016 @ 11:04 AM

Manufacturing companies have the reputation of being very cost-sensitive when it comes to procuring application software. Almost every end user company LNS Research engages with that is conducting a vendor selection exercise has cost as a key element of its process. However, despite manufacturing’s reputation, the reality is companies put cost behind both functionality and ease of integration when it comes to purchasing decisions for Asset Performance Management (APM) application procurement.

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Tags: Big Data, Asset Performance Management, cloud

ISO Standards for APM Are Here to Stay: It’s Time to Plan, Do, Check, & Act

Posted by Jason Kasper on Wed, Nov 09, 2016 @ 11:00 AM

The ISO 55000 standards for asset management provide a descriptive process for organizations to institute best practices process to manage critical infrastructure. At this point, most know the history and evolution and how it became a standard. As an official ISO Standard since early 2014, we are now seeing momentum, across many industries in applying this standard.

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Tags: Operational Excellence, Asset Performance Management, ISO Standards

Xtivity and its Cloud-Based xIO Inventory Optimizer

Posted by Dan Miklovic on Fri, Oct 28, 2016 @ 11:30 AM

The only thing worse than having a piece of equipment fail is to have it fail and not have the parts to readily repair it at hand. Because of this, many companies stock a plethora of spare parts which drives their carrying cost for that inventory sky-high. Although balancing the risk of not having the spare parts when needed versus the costs of carrying inventory is not a trivial problem; many companies have not yet addressed the issue. That’s why we are highlighting Xtivity and its Cloud-based solution, xIO Inventory Optimizer.

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Tags: Risk Management, Cloud-Computing, Asset Performance Management

The Siemens Approach to APM: Focus on Equipment Reliability

Posted by Dan Miklovic on Fri, Sep 30, 2016 @ 11:44 AM

Overall Equipment Effectiveness (OEE) is a metric that most manufacturers rely on to help them understand how well their manufacturing operations are performing. Almost every discussion LNS Research has with end user clients about manufacturing operations eventually comes to OEE. A key factor influencing OEE is asset reliability. The bottom line is that a poorly performing asset due to poor maintenance can kill your OEE performance. The challenge that many companies face is there are multiple ways to address reliability. That’s why LNS Research is highlighting the automation and Product Life Management (PLM) giant, Siemens, and its approach to equipment reliability.

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Tags: Asset Performance Management, OEE, reliability

Will Platitudes Doom Your Manufacturing Business?

Posted by Dan Miklovic on Wed, Sep 28, 2016 @ 12:04 PM

"Patience is a virtue."
"If it isn’t broke - don’t fix it."
"Slow and steady wins the race."
One thing I have come to recognize in my 45 plus years in the industry is manufacturers love platitudes. Unfortunately, the culture that evolves over time from this caution becomes so stagnant that ultimately a manufacturer can become uncompetitive. 

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Tags: Asset Performance Management, IIoT, Digital Transformation

Sometimes Industry Must Look Outside the Usual Supplier Community to Get the Most from IIoT [MondayMusings]

Posted by Dan Miklovic on Mon, Sep 19, 2016 @ 10:00 AM

The #MondayMusings blog series provides executive level insights and analysis for the Industrial Internet of Things (IIoT) and Digital Transformation from the previous week’s briefings, events, and publications @LNSResearch.

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Tags: Big Data, Asset Performance Management, Internet of Things, Smart Connected Assets, IIoT, Digital Transformation, Machine Learning

Brewers & Vintners Sip on IoT & GE Goes All-In on APM [Roundup]

Posted by Diane Murray on Sun, Sep 18, 2016 @ 10:00 AM

In this weekly Roundup, LNS Research explores recent announcements and events, such as GE acquires Meridium; Verizon offers an IoT automated agricultural intelligence solution to Napa Valley; the National Network for Manufacturing Innovation changes to Manufacturing USA in efforts of projecting a new image; and a brewing company finds a Cloud solution to help improve performance.

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Tags: Asset Performance Management, EHS, IIoT, cloud, Digital Transformation

Schneider Electric: A One-Stop Shop for APM Solutions

Posted by Dan Miklovic on Thu, Sep 15, 2016 @ 10:15 AM

Asset performance management (APM) is a critical core competency for many businesses. Any asset intensive service provider such as a utility or transportation company and the vast majority of manufacturers depend on reliable, proper functioning, well-maintained assets to ensure the profitable operation of their business. That’s why we are taking a deeper dive into a company that offers all aspects of APM from acquiring the data on the plant floor to managing the business of maintenance with an Enterprise Asset Management (EAM) solution, Schneider Electric.

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Tags: Asset Performance Management, IIoT, EAM