COFES 2019 Shows that Engineering Software is Changing [MondayMusings]

Posted by Tom Comstock on Mon, Apr 15, 2019

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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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, #MondayMusings

6 Most Asked Questions from the Digital Twin for Process Industry Webcast

Posted by Joe Perino on Thu, Apr 11, 2019

On Wednesday, April 10, LNS Research hosted the webcast, “Digital Twin: Unlocking IX in Process Plant and Industry.” The presentation revealed the state of the market, clarified what Digital Twin really means beyond the marketing hype, and showed how companies can use it to drive Operational Excellence.

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Categories: Asset Performance Management (APM), Digital Twin

How to Choose Your Manufacturing Operations Management Partner?

Posted by Andrew Hughes on Wed, Apr 10, 2019

Manufacturing Operations Management (MOM) solutions provide two traditional functions in the manufacturing plant:

  • Support and enforce manufacturing processes and procedures, and
  • Bridge industrial automation systems that provide plant floor control to enterprise and business operations systems.
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Categories: Manufacturing Operations Management (MOM), Factory of the Future

What’s the Difference Between BI and Industrial Analytics?

Posted by Vivek Murugesan on Wed, Apr 03, 2019

During a discussion on industrial analytics at a recent Smart Factory conference in Columbus, Ohio, an IT professional in the audience said that he planned to upload his machine data to online analytical processing (OLAP) cubes and run Business Intelligence (BI) applications on top of the data. The analytics professionals on stage appeared horrified for a moment and went to great lengths to explain the distinction between industrial analytics and BI.

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Categories: Industrial Internet of Things (IIoT)

Oracle Modern Business Summit: Solidly in the Cloud

Posted by Tom Comstock on Fri, Mar 29, 2019

LNS recently attended the Oracle Modern Business Experience in Las Vegas, Nevada.  Over 6,000 people attended this “unified” event as it was the first time that Oracle had co-located the Supply Chain, HR and ERP Customer summits.  Additionally, the Modern Business Experience was co-located with their Modern Customer Experience events making for complicated meeting logistics.  Oracle is now over $40 Billion in FY 2018 revenues, and they position themselves as the #1 supplier of business software. The scope and scale of their product and solution offerings were on display in exhibitions and a plethora of sessions. 

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Categories: Culture

Field Service Management and Digital Twins: The Next Big APM Play

Posted by Dan Miklovic on Thu, Mar 28, 2019

Field service management (FSM) has generally been the focus of the customer relationship management (CRM) function in many organizations. While a fair percentage of FSM activities have been in the B2C space, there has also been considerable focus in the B2B space as well. FSM initially focused on dispatching technicians to service either broken equipment or to do regular preventive maintenance (PM) to keep clients happy. The functionality was to get technicians to the right locations, with enough spare parts to service equipment and cost-effectively minimize outages.

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Categories: Asset Performance Management (APM), Digital Twin

Is Industrial Transformation Like Dating?

Posted by Tom Comstock on Wed, Mar 27, 2019

Commitment matters, whether it is in a romantic comedy, real-life dating, or Industrial Transformation (IX). In a relationship, it is imperative that there is a “real commitment” for the relationship to progress and succeed. To make romance hard, romantic comedies and scuttlebutt tell us that determining if your partner is committed to the relationship can be difficult. Despite their pronouncements of love, “real commitment” can be elusive.

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing

Industrial Transformation (IX) Drives Automation Vendors to Partner on OT Ecosystems Delivery

Posted by Joe Perino on Mon, Mar 25, 2019

The recent announcement by Dassault and ABB of a partnership highlights an Industrial Transformation and digitalization trend – to fill in the gaps of a comprehensive asset lifecycle and value chain solution, especially in the Digital Twin arena by the growing number of partnerships.

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Categories: Asset Performance Management (APM), Digital Twin

ABB Customer World: ABB Ability, Key Partners, Digital Twin, and More

Posted by Joe Perino on Wed, Mar 20, 2019

Last week LNS attended the annual ABB Customer World held here in Houston. ACW was a successful and well delivered conference with over 10,000 customer attendees from all over the world. The LNS team was part of a larger contingent of media and analysts who were exposed to a technology tour and number of meetings that allowed us to gain a better understanding of ABB’s overall direction, new organization and strategic partnerships.

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Categories: Cloud, Industrial Automation, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin

EHS 4.0: 5 Best Practices to Digitally Transform EHS, Safety, and Risk Management

Posted by Peter Bussey on Tue, Mar 19, 2019

Environment, health and safety (EHS) 4.0 digital transformation initiative isn’t an all or nothing proposition.Organizations need to assess their current foundation of people, processes and technology capabilities to determine the Digital Transformation readiness of their EHS business function. Each organization will have a unique starting point. For some organizations, it may be appropriate to shore up foundational EHS, safety, risk management system(s) before or in parallel with undertaking digitalization initiatives.  There is no one-size-fits-all approach.

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Categories: Environment, Health and Safety (EHS)