Predictive Analytics: The Gold Rush of 2016

Posted by Dan Miklovic on Tue, Aug 16, 2016 @ 11:30 AM

Each analyst at LNS Research not only has topical coverage, mine being Asset Performance Management (APM) and Enterprise Resource Planning (ERP), but industry focus based on our previous experience. In my case, one of the industries I focus on is mining & metals. I find it helpful to stay in touch with other thought leaders and research activities throughout the industry. During any dialogue or legwork, it's not unusual for the Predictive Analytics gold rush to find its way into the conversation.

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Tags: Enterprise Resource Planning (ERP), Predictive Maintenance (PM), Enterprise Asset Management (EAM), Asset Performance Management (APM)

Inforum 2016: Bringing Manufacturing to Manhattan

Posted by Dan Miklovic on Tue, Jul 19, 2016 @ 01:34 PM

Last week Infor held the most recent gathering of its users, Inforum at the Javits Convention Center in New York City. Infor has a huge presence outside of manufacturing, specifically in retail and services industries, both of which were right at home in Manhattan.

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Tags: Manufacturing Operations Management (MOM), Enterprise Resource Planning (ERP), Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM)

IoT in Commercial Aviation Requires a New Collaboration Standard

Posted by Dan Jacob on Thu, Jul 14, 2016 @ 11:00 AM

During the week following July 4th, two airlines, flydubai and Qantas, announced that they had deployed IoT systems to optimize flight operations. Flydubai is working with GE Aviation/Predix to reduce the impact of unavoidable delays, optimize flight scheduling, and monitor engine health. Qantas took a different approach, working with the University of Sydney to develop a system that optimizes flight paths to reduce fuel consumption and optimize the airline’s operational efficiency.

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Tags: Enterprise Quality Management System (EQMS), Big Data, Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM), Asset Reliability

Elevate Asset Performance Management by Supporting STEM

Posted by Dan Miklovic on Wed, Jul 13, 2016 @ 10:38 AM

Several recent events I have attended have inspired me to take up the topic of this post: Why the Asset Performance Management (APM) community needs to take up a healthy relationship with academia at all levels. Science, Technology, Engineering & Math (STEM) education as the initiative is called, is becoming increasingly important to business; not just in the US but globally.

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

Oracle’s Asset Performance Management and Industry Solution Capabilities

Posted by Greg Goodwin on Thu, Jul 07, 2016 @ 09:59 AM

As companies today continue to pursue Operational Excellence initiatives, they have some exciting advancements on the horizon in the form of Smart Connected Assets and Smart Connected Operations. It comes as no surprise today that many companies are spending considerable time and resources on bringing together Information and Operation Technology (IT/OT) to begin to build the architecture to facilitate Industrial Internet of Things (IIoT) enabled operations.

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Tags: Operational Excellence, Manufacturing Operations Management (MOM), Cloud, Enterprise Resource Planning (ERP), Big Data, Mobile / Mobility, Smart Connected Assets, Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM), Asset Performance Management (APM)

APM Market Acceptance of Cloud Delivery Can Pay Dividends

Posted by Dan Miklovic on Wed, Jul 06, 2016 @ 10:45 AM

During recent research activities associated with preparing the Asset Performance Management (APM) Solution Selection Guide, reports on service providers and specialized vendors in the APM space, and attenting several vendor events over the last year; I've been frequently hearing encouraging feedback about growing acceptance of Cloud delivery of various APM-related solutions.

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Tags: Cloud, Enterprise Resource Planning (ERP), Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM)

Getting APM & IIoT Connected at the ABB Customer Conference

Posted by Jason Kasper on Tue, May 17, 2016 @ 10:00 AM

This week I had an opportunity to attend the ABB Customer Conference in Atlanta, GA to get an understanding and viewpoint on how ABB Enterprise Software is bringing together solutions to tackle the most pressing issues in Utilities, Oil & Gas and Mining.

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Tags: Cloud, Smart Connected Assets, Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM), Asset Performance Management (APM)

Cloud, Big Data, & Analytics Getting Serious Vendor Attention in Manufacturing [MondayMusings]

Posted by Matthew Littlefield on Mon, May 16, 2016 @ 10:00 AM

This week LNS analysts participated in two web-based events hosted by two of the largest IT vendors; IBM and Microsoft. In both events Cloud, Big Data, and Predictive Analytics were at the heart of the discussions. The IBM presentation focused on IBM’s strategy with its Watson Platform and supporting predictive tools from SPSS as they applied to a number of industries, including manufacturing. Microsoft’s event was specific to manufacturing.

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Tags: Cloud, Big Data, Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM), Digital Transformation, #MondayMusings

Understanding Risk vs. Criticality Can Make All the Difference in Rail

Posted by Jason Kasper on Wed, Apr 27, 2016 @ 10:34 AM

Healthy assets are the foundation of a healthy business. And how can organization make sure their assets are healthy? There are two ways an organization can maintain healthy assets.

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Tags: Operational Excellence, Risk Management, Industrial Internet of Things (IIoT), Enterprise Asset Management (EAM), Asset Performance Management (APM)

The Link Between APM & EHS: Sometimes It Isn't So Obvious

Posted by Dan Miklovic on Wed, Mar 23, 2016 @ 10:00 AM

We have published posts linking asset performance management (APM) to safety and operational risk management, and it just seems obvious that poorly maintained equipment leads to poor Environmental, Health, and Safety (EHS) performance. Unfortunately, outside of the links between equipment failures and safety incidents,the data that leads to direct evidence of poor maintenance maintenance causing poor environmental performance or worker health is more difficult to come by.

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Tags: Big Data, Enterprise Asset Management (EAM), Asset Performance Management (APM), Environment, Health and Safety (EHS)