Dan Miklovic

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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

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

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)

Asset Investment Planning Considerations for the Industrial Enterprise

Posted by Dan Miklovic on Tue, Oct 30, 2018

Asset investment planning (AIP) is an approach and now a category of software applications to assess and prioritize capital investment options ― specifically investing in physical assets used to produce or deliver goods or services. Systems used for asset intensive CapEx planning is an outgrowth of financial planning tools that companies use to direct investment portfolios. The fundamental approach in the financial sector is to assign risk and reward probabilities to each investment option, then create an investment portfolio that can deliver the highest return given the investor's tolerance for risk. The industrial sector can apply this approach to capital investments of physical assets: determine the investment amount, calculate expected return, evaluate the risk that the asset will not achieve the return, and weigh that in context of other risks that the investment is meant to reduce or eliminate.

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Categories: Asset Performance Management (APM), Asset Investment Planning

5 Most Asked Questions from The Solution Selection: Choosing the Right Asset Performance Management 4.0 Partner Webcast

Posted by Dan Miklovic on Fri, Sep 14, 2018

On Tuesday, August 21, LNS Research hosted the webcast, “Solution Selection: Choosing the Right Asset Performance Management 4.0 Partner.” The presentation examined the current APM 4.0 solution landscape and how companies can use the Solution Selection Guide to make a shortlist of potential vendors to support the company’s Digital Transformation initiative.

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Categories: Asset Performance Management (APM), Solution Vendor / Software Vendor, Solution Selection Guide

How to Choose Your APM 4.0 Partners?

Posted by Dan Miklovic on Tue, Jul 17, 2018

Asset performance management (APM) 4.0 is a strategy and an approach to maintain and operate manufacturing assets, it’s not an APM 4.0 package that companies can buy “to do APM 4.0.” The APM market is still quite fragmented with few suppliers offering enterprise asset management (EAM) only, others providing just predictive maintenance analytics, while some suppliers offer multiple elements of the APM landscape as integrated and stand-alone solutions. As asset care evolves to allow manufacturers and asset-intensive industries to take advantage of Smart Manufacturing or Industrie 4.0 based digital technologies, businesses need to think about how they are going to maintain these Smart Connected Assets. Big Data analytics, the Industrial Internet of Things (IIoT), augmented reality / virtual reality (AR/VR), and the Digital Twin are critical to future maintenance systems. Trying to categorize all the vendors that provide these technologies can be a daunting task. Pick the wrong set of partners, and you may never realize the benefits of Digital Transformation. Pick the right partners, and you could well outperform the competition. Understanding how to make the right choice of partners is the first step towards APM 4.0.

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Categories: Solution Vendor / Software Vendor, Asset Performance Management (APM), Industrial Transformation / Digital Transformation, Solution Selection Guide

5 Most Asked Questions from The Smart Maintenance: Using APM 4.0 to Drive Better Business Results Webcast

Posted by Dan Miklovic on Fri, Jun 22, 2018

On Wednesday, June 20, LNS Research co-presented the webcast, “Smart Maintenance: Using APM 4.0 to Drive Better Business Results” with AVEVA, an engineering and industrial software provider. The presentation explained why leading manufacturers use APM 4.0 to achieve balance between maintenance performance and overall economic performance. The discussion included an examination of which industries are prime candidates for APM 4.0, where to begin, and how to assess results.

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Categories: Asset Performance Management (APM), Industry 4.0 / Smart Manufacturing, Operational Architecture

APM 4.0 and The Digital Twin

Posted by Dan Miklovic on Wed, Jun 06, 2018

Like manufacturing, asset performance management (APM) has evolved to leverage the digital technology associated with Cloud, the Industrial Internet of Things (IIoT), mobility, Big Data, and the associated analytics. This overall industrial shift has been referred to as both Industry 4.0 (or Industrie 4.0) and Smart Manufacturing. Accordingly, LNS set forth a vision of how APM has evolved in support of these highly digital, capable manufacturing assets which we call APM 4.0.

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Categories: Asset Performance Management (APM), Smart Connected Assets, Industry 4.0 / Smart Manufacturing, Enterprise Asset Management (EAM), Operational Excellence

5 Common Mistakes Companies Make When Modernizing Their ERP Application

Posted by Dan Miklovic on Tue, Apr 24, 2018

As the enterprise resource planning (ERP) market approaches the quarter-century mark, many manufacturers and asset-intensive industries are going through an upgrade or refresh cycle. With the growing importance of Cloud, mobility, Big Data analytics and the Industrial Internet of Things (IIoT), these firms are frequently driven by competition, or senior management’s desire to change the company's competitive position, through Digital Transformation to become a Smart Manufacturing company. LNS has numerous end-user clients that see their business environment changing, and application decisions they made one or two decades ago now leave them with a technology portfolio that inhibits their ability to pursue Digital Transformation. Data from our IIoT survey shows that of the nearly 650 respondents, 62% list enterprise application spending as the number one investment area, over Big Data analytics and knowledge management. Unfortunately, many firms struggle with choosing their next generation ERP technology. What are the most common mistakes that make it so hard?

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Enterprise Resource Planning (ERP), Cloud, IT/OT

SAP-Centric EAM and Supply Chain Event Reveals SAP’s Biggest Challenges and Opportunities are Ahead Among Manufacturers and Asset-Intensive Industries [MondayMusings]

Posted by Dan Miklovic on Mon, Apr 09, 2018

The 14th annual SAP-Centric EAM (enterprise asset management) event was held in Austin, Texas the week of March 26. This is the second year SAP elected to roll its supply chain event into the event that’s produced by ASUG and Eventful Group, and supported by SAP. The combined EAM/supply chain event resulted in a much more diverse set of attendees, an expanded program that reflected the interests of a much broader portion of people from corporate functions in business, and attracted a larger set of SAP partners and third-party solution providers than past events. The Americas’ SAP Users Group (ASUG) drives the program content as well. The event has a very high percentage of SAP user-delivered content, blended with a mix of SAP strategic leadership vision delivery as well as product roadmap previews and technical user group lab environment workshops and roundtables. This event exposes SAP's greatest strengths and the significant challenges it faces going forward in the SAP user community.

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Categories: #MondayMusings, Solution Vendor / Software Vendor, Industrial Transformation / Digital Transformation, Enterprise Asset Management (EAM)