Much of the new technology that is the foundation of Digital Transformation, such as the Internet of Things (IoT), Big Data, Cloud, and Mobility have either their roots or widespread proliferation within the consumer sector which drives volume adoption. It is the consumer market size, which accelerates the evolution of the technology as well as the lowering of the price point. In most cases, the consumer-driven adoption of technology has been spurred on by the technologists within the IT department. For many manufacturers, the value of these new technologies is best realized on the shop floor.Read More
It is very clear that the hype of the Internet of Things (IoT) and Industrial Internet of Things (IIoT) is here to stay. The IIoT is a necessary starting block for the Digital Transformation that is going to take place across the world of manufacturing in the coming years. Many manufacturing technologies will help to realize this transformation from smarter robots, through 3D printing, to a massive use of data to improve manufacturing processes. The worlds of information technology (IT) at the business level and operational technology (OT) in the manufacturing plant will converge and become intertwined.Read More
For virtually every category of technology supplier serving the industrial market today, from automation companies to infrastructure providers to enterprise software providers, the topic of IT-OT (Information Technology - Operational Technology) convergence or IT vs OT is a dominant theme of their solutions marketing.Read More
Whatever the specific functionality, some form of enterprise software is probably on every manufacturing/production company’s wish list. The potential improvements in analytics, integration, communications, performance measurement, and visibility afforded across the business can greatly streamline decision-making processes, create new insights, and save a huge amount of time and money on a number of business functions.
Hard to believe as it is, tomorrow the calendar flips to mark the beginning of 2015 and the second half of the current decade as well. And as we seal off a year of interesting conversations, events, technology developments, mergers & acquisitions, and other industry activity, we’re excited to look forward to another year of evolution (and possible revolution) across the industrial landscape.
Here at LNS Research, we talk a lot about some of the larger technology trends on the horizon of the industrial space today, the defining aspects of which are slowly driven into the software solutions, data collection capabilities, established programs and processes, and operational culture of manufacturing businesses—translating into overall progress.
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.
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.