Dan Miklovic

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Infor Innovation Summit Lives Up to Its Name, Validates Digital Transformation is a Necessity [MondayMusings]

Posted by Dan Miklovic on Mon, Mar 26, 2018 @ 12:50 PM

Infor, an enterprise software company, brought together the analyst community at its New York headquarters for another Innovation Summit to share updates on progress and plans for its product set. The Infor senior leadership team, backed by several customers, walked analysts through the entire product portfolio. Often perceived as “the other ERP company,” in the shadow of SAP and Oracle, Infor deserves more credit for innovation and adoption of future trends and technology. Infor was the first of the major enterprise application players to embrace Cloud and user experience, and was a very early proponent of analytics and artificial intelligence (AI). Much of the progress Infor made has been in industries outside of manufacturing like healthcare, transportation, retail, and in standard business functions such as human capital management (HCM). Manufacturing and asset-intensive industries should take note as they will benefit from the advances the software vendor is bringing to the market, in addition to all the Cloud capabilities directly associated with manufacturing in relevant CloudSuites. The Innovation Summit featured several end-users who made it clear they see Digital Transformation as their only option.

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Tags: Industrial Transformation / Digital Transformation, Mobile / Mobility, Cloud, Asset Performance Management (APM), Enterprise Asset Management (EAM), Artificial Intelligence / Machine Learning (AI/ML), #MondayMusings

Open Process Automation Forum 2018 - A Year to Make or Break

Posted by Dan Miklovic on Fri, Mar 09, 2018 @ 10:33 AM

LNS joined the Open Process Automation (OPA) Forum in early 2017. A year after, here is our assessment on how far the forum has come and what the remainder of 2018 means. The OPA forum made some considerable progress in 2017, but 2018 will be the real indicator of OPA’s success or failure. The most prominent challenge facing OPA is breaking the mindset that the future must evolve from the past in small steps. OPA needs a mutation to change the way the industry needs. There will be winners and losers in any technology evolution, and the next generation of process control automation systems will be no exception.

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Tags: Asset Performance Management (APM), Industrial Internet of Things (IIoT), Smart Connected Assets, Asset Reliability, Industrial Automation, Operational Architecture

2018 Asset Performance Management Predictions

Posted by Dan Miklovic on Tue, Feb 06, 2018 @ 10:16 AM

Every year LNS analysts offer up our predictions on what the year will bring in each of our coverage areas. In 2018 the most significant shift in APM will be the move away from the maintenance-centric approach that APM was born from 15-20 years ago including enterprise asset management (EAM), computerized maintenance management systems (CMMS) and a focus on reliability and downtime reduction to APM 4.0. APM 4.0 with the emphasis on Digital Twins and prescriptive analytics is more about asset optimization than just reliability and availability.

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Tags: Asset Performance Management (APM), Artificial Intelligence / Machine Learning (AI/ML), Asset Reliability, Enterprise Asset Management (EAM), Predictive Maintenance (PM)

2017 APM Prediction Report Card

Posted by Dan Miklovic on Wed, Jan 03, 2018 @ 09:01 AM

Every year LNS Research puts forth predictions around the key trends in the Operational Excellence pillars.  In the case of asset performance management (APM), our 2017 forecast focused on a new model emerging for APM, which we ultimately called APM 4.0.  In fact, the "4.0" model also became the basis of our EQMS and EHS coverage throughout 2017, because incorporating digital technologies inherent in business transformation today have become core to every element of Operational Excellence. The specific APM predictions were:

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

5 Mistakes Companies Make In Their Operational Excellence Program

Posted by Dan Miklovic on Thu, Nov 30, 2017 @ 11:01 AM

Data from LNS’s surveys related to asset performance management (APM) and the Industrial Internet of Things (IIoT) all point to improvement in operational performance as the key driver for investment in those two areas.  LNS believes that the pursuit of better performance is captured in our definition of Operational Excellence. Operational Excellence is the second step of LNS's Digital Transformation Framework, following setting Strategic Objectives for Digital Transformation and the precursor to defining an Operational Architecture. The biggest mistake that most companies make is that they don’t take the time to establish what Operational Excellence means to their business.  Even those that do have an idea of what Operational Excellence looks like for their business still risk making critical mistakes when trying to capture that definition and communicate it throughout the organization. Failing to pursue Operational Excellence is a recipe for mediocrity.  Don’t make these five mistakes in your pursuit of Operational Excellence.

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Tags: Operational Excellence, Business Process Management (BPM)

Five Mistakes Companies Make in Their Vendor Selection Process

Posted by Dan Miklovic on Tue, Nov 21, 2017 @ 08:45 AM

The last step in the LNS Digital Transformation framework is vendor selection. Frequently, manufacturers engage LNS or other research firms because they desire a selection process that is free from bias and to, ultimately, choose a provider that can actually help them achieve project objectives. Companies recognize that vendors have a natural bias to their own products while system integrators have a bias towards products with which they are familiar and for which they offer implementation services. They also recognize that their knowledge of the breadth of the potential solutions can be limited. In many cases, users simply recognize they “don't know what they don't know” when it comes to which solution providers to evaluate.

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Tags: Solution Vendor / Software Vendor, Solution Selection Guide

GE’s Minds + Machines Goes Conventional [MondayMusings]

Posted by Dan Miklovic on Mon, Nov 06, 2017 @ 12:25 PM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from recent briefings, events, and publications @LNSResearch.

GE held its sixth Minds + Machines event the week of October 23 in San Francisco, home to past events, but in a new venue.  During the past several years GE transformed industrial-style locations into conference venues, demonstrating as it did so its ability to use its own technology to rapidly spin up what amounted to a small city.  Attendance has grown from 150 at the first event to over 3800 today, with this year almost double from 2016 — making the larger Moscone Convention Center a necessity.

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Tags: #MondayMusings, Solution Vendor / Software Vendor, Industrial Transformation / Digital Transformation, Operational Architecture, Cloud

More Revenue in Mining Has MOM Vendors Investing

Posted by Dan Miklovic on Thu, Oct 19, 2017 @ 09:15 AM

The last two years have seen fairly steady price increases in both ferrous and nonferrous base metals prices. Given the prices of the rarer precious metals and most minor metals, combined with growing optimism around the rest of the precious metals sector, LNS Research sees the mining industry finally looking to invest in Digital Transformation.

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Tags: Industrial Transformation / Digital Transformation, Operational Excellence, Asset Performance Management (APM)

M&A Among IIoT and Analytics Firms: What's a User to Think? [MondayMusings]

Posted by Dan Miklovic on Mon, Aug 21, 2017 @ 11:30 AM

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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Tags: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Operational Architecture, Mobile / Mobility, Big Data, #MondayMusings, Cloud

5 Mistakes Companies Make When Defining an Operational Architecture

Posted by Dan Miklovic on Thu, Aug 17, 2017 @ 11:00 AM

Architecture, according to Merriam-Webster, is “the art or science of building” or “the manner in which the components of a computer or computer system are organized and integrated,” among other things. Operational is defined as “of, relating to, or based on operations” and “ready for or in condition to undertake a destined function.” LNS believes businesses are best served when they apply the technique of Operational Architecture, which taken literally from the previous definitions, is the organization of the systems and technology to perform the functions of business.

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Tags: Operational Excellence, Operational Architecture, Industrial Transformation / Digital Transformation