Who Will Win the Digital Twin Services Race?

Posted by Joe Perino on Thu, Jan 17, 2019

The Digital Twin market is evolving fast – yes, it affects strategies of independent software vendors and automation vendors. But, it also has significant implications for field service providers, engineering, procurement, and construction (EPC), and process licensors. It’s quite surprising to see how many different types of companies could be or are already involved with Digital Twin.

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Categories: Digital Twin, Asset Performance Management (APM)

Consumer Electronics Show: Why It Matters for Industrial and Infrastructure Companies

Posted by Dan Miklovic on Tue, Jan 15, 2019

A January ritual for the high-tech industry is the Consumer Technology Association’s Consumer Electronics Show (CES) in Las Vegas. It’s where nearly every company in the consumer sector debuts its latest wares, from the latest TVs to wireless headphones and AR/VR hardware for gamers, to the latest smart home providers. They all trek to Sin City to show how their company is pushing the tech envelope. Many manufacturers pay little attention to CES since it is, after all, a consumer electronics event. If your company is stamping out metal parts for file cabinets, mixing up adhesives used to bond materials in the construction industry, or a state or local agency doing road maintenance, you might think CES isn’t relevant to you; you are wrong.

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Categories: Technology, Industrial Transformation / Digital Transformation

Cloudera and Hortonworks Complete Merger, Creating Big Data’s Biggest Deal [MondayMusings]

Posted by Patrick Fetterman on Mon, Jan 14, 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 Transformation / Digital Transformation, Big Data, Cloud, Solution Vendor / Software Vendor

OSIsoft and Element Launch “Asset Framework Accelerator”

Posted by Patrick Fetterman on Thu, Jan 10, 2019

In December 2018, OSIsoft and Element jointly announced the release of Element’s Asset Framework Accelerator for users of the OSIsoft PI System. The new offering, which was developed by Element with support from OSIsoft, is a combination of software and services that are designed to accelerate the creation of Asset Framework (AF) data models at speeds more than ten times faster than what was previously possible .

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Categories: Big Data, Digital Twin, Industrial Internet of Things (IIoT), Solution Vendor / Software Vendor

EHS Technology in 2019: 5 Trends Driving Change and 5 Predictions

Posted by Peter Bussey on Tue, Jan 08, 2019

2018 was a year of much change and progress in the world of environment, health and safety (EHS) management; especially the software and digital technologies that enable it. This made for an exciting year for EHS management research here at LNS. The primary focus was on expanding our market-leading EHS 4.0 research on the Digital Transformation of EHS management. We released our full agenda of research on topics such as Big Data and predictive analytics, the impact of the Industrial Internet of Things (IIoT) on safety, integrated risk management, the connected industrial worker, and the convergence of safety, quality, and risk in plant operations, among others.

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Categories: Environment, Health and Safety (EHS), Industrial Transformation / Digital Transformation, Risk Management, Connected Worker

20 Years Later, Digital Twins are the New ERP

Posted by Dan Miklovic on Mon, Jan 07, 2019

Twenty years ago, businesses were facing a crisis with their IT systems; Y2K. Leading up to 1999 there was a new technology paradigm emerging regarding business IT, the shift from disjointed and independent business and accounting applications to a singular integrated application; ERP or enterprise resource planning. Initially, ERP was mostly just all the accounting functions packaged together with manufacturing resource planning applications (MRP II), but ERP quickly expanded to include human resources (HR), supply chain management (SCM), customer relationship management (CRM), product data management (PDM) and a variety of other functionalities.

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Categories: Asset Performance Management (APM), Digital Twin, IT/OT

2019 Process Manufacturing and Infrastructure Digital Twin Predictions

Posted by Joe Perino on Thu, Dec 27, 2018

Every year LNS Research puts forth predictions around the key trends in Industrial Transformation. Dan Miklovic’s 2018 forecast focused on the evolution of asset performance management (APM) 4.0 with the shift in messaging to business-driven benefits, the growth of Digital Twins, autonomous device support, and the evolving vendor landscape. In our 2018 Report card, I noted that the Digital Twin is evolving to include the physical and process aspects of the twin. This evolution is happening primarily at two levels, in the design and engineering space, and in the operations space. However, there is still a lack of general industry understanding of what constitutes a Digital Twin.

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Categories: Asset Performance Management (APM), Digital Twin

Top Three Trends in Quality for 2019: Transformation, Options, and Growth

Posted by Dan Jacob on Fri, Dec 21, 2018

Another year comes to an end! I hope you attained your personal and professional goals this year. At LNS, I had an exciting year, launching research on successful new product introduction (NPI) in the digital era, selection of Quality 4.0 technology to drive differentiation, and the convergence of safety, risk, quality, operations, and design for reliability. We examined the quality and Quality 4.0 trends in pharmaceuticals, medical devices, and automotive industries and developed frameworks and approaches for success. LNS also conducted multiple onsite quality advisory sessions and workshops for technology vendors and manufacturers. Additionally, we launched two new surveys, led two executive roundtables (thank you to the hosts Newell Brands and Whirlpool), and presented at several corporate events including ASQ’ Quality 4.0 Forum.

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Categories: Quality 4.0, Enterprise Quality Management System (EQMS)

2018 APM Predictions Report Card

Posted by Dan Miklovic on Thu, Dec 20, 2018

Every year LNS Research puts forth predictions around the key trends in the Industrial Transformation topics where we focus our work.  In the case of asset performance management (APM), my 2018 forecast focused on the evolution of APM 4.0.  I predicted that in 2018, the most significant shift in APM would be the move away from the maintenance-centric approach that APM was born from 15-20 years ago.  That shift would include enterprise asset management (EAM), computerized maintenance management systems (CMMS) and a focus on reliability and downtime reduction. The result would be an emphasis on Digital Twins and showing that prescriptive analytics is more about asset optimization than just reliability and availability. The specific APM predictions were:

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Categories: Asset Performance Management (APM)

Build The Factory of the Future with Industrial Transformation

Posted by Andrew Hughes on Mon, Dec 17, 2018

Industry 4.0, Smart Manufacturing are hot topics for companies gearing-up Industrial Transformation. The goals of these ambitious programs while admirable have a long-term view. Here at LNS as we define our upcoming research agenda and delve into Industrial Transformation, it has become clear that many of our clients are opting for shorter term view than the typical large-scale and expensive Industrial Transformation programs.

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Categories: Digital Twin, Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Industry 4.0 / Smart Manufacturing, Factory of the Future