It’s been a number of months since we blogged about the progress of APM 4.0. Since then, we have published our new eBook, APM 4.0 Shifts Into Second Gear, which details the trends and LNS Research insights into asset performance management. But it is a fair question to ask, what has been the effect of the COVID-19-induced recession and oil price war on APM? Has interest wained, investment slowed down, and adoption stalled? Or are things still moving full speed ahead? Who’s doing what, and why?
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Recent Posts
APM 4.0 Shifts Into Second Gear: Progress Update
Posted by Joe Perino on Mon, Aug 10, 2020
Categories: Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Asset Performance Management (APM), Connected Worker
Demystifying AI & ML in Industrial Analytics
Posted by Joe Perino on Wed, Jun 17, 2020
Revisiting the Black Box
One of the questions that LNS Research often gets is how to explain Artificial Intelligence (AI) and Machine Learning (ML) not only to plant personnel, but also to operating management, in such a way so that they can understand them sufficiently to place a reasonable degree of trust in them. In other words, enough to allow their adoption for predictive maintenance and other data science-based applications.
Read MoreCategories: Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), Factory of the Future
The New Prize - The OT Ecosystem
Posted by Joe Perino on Wed, Jun 10, 2020
In previous blogs and articles, I have written about the new “OT Ecosystem.” Over the past few months I had a chance to observe what’s happening in the market with a number of automation and software vendors, so I thought this would be a good time to revisit the OT Ecosystem, delve deeper into what it is and what it means, and why it is important.
Read MoreCategories: Operational Excellence, Cloud, IT/OT, Connected Worker
GE Digital on the Move
Posted by Joe Perino on Mon, May 11, 2020
It’s been 10 months since GE Digital appointed new CEO Patrick Byrne. In our last blog, after their September 2019 User Group meeting, we said, “GE Digital has re-emerged with renewed focus led by fresh, engineering-grounded, no-nonsense leadership in Pat Byrne. We look forward to seeing if this new positive momentum is sustainable.” So what’s happened since then? Let’s take a look under the hood and see what Pat and his team have been doing.
Read MoreCategories: Cloud, Industrial Internet of Things (IIoT), Operational Architecture, Asset Performance Management (APM), Edge, GE Digital
Risk Management and COVID-19 Lessons to be Learned
Posted by Joe Perino on Mon, Mar 23, 2020
"THESE are the times that try men's souls." With all that's happening today in the world, from the coronavirus pandemic to the Saudi-Russian oil price war, to the continuing threat of cyber attacks, Thomas Paine's words seem appropriate. How should we, particularly those of us in industry, put this situation in perspective, and what should we be doing about it?
Read MoreCategories: Industrial Internet of Things (IIoT), IT/OT, Asset Performance Management (APM), Connected Worker
APM 4.0 and Risk Management — Industrial Transformation (IX) Leaders Connect the Dots
Posted by Joe Perino on Tue, Mar 10, 2020
In my new ebook, “Asset Performance Management and Risk Management,” I argue the case for a more comprehensive approach to Asset Performance Management (APM) that goes beyond reliability. In particular, I stress that reliability is not just about maintaining mechanical and process integrity for the sake of plant performance, but is, in fact, integral to Environmental, Health & Safety (EHS), Operational Excellence (OE), overall risk management extending to sustainable and responsible operations. LNS research into what makes companies Industrial Transformation (IX) leaders, those companies that we call IX Exemplars, reveals four key characteristics
Read MoreCategories: Industrial Internet of Things (IIoT), IT/OT, Asset Performance Management (APM)
2020 APM 4.0 Predictions
Posted by Joe Perino on Fri, Jan 24, 2020
Every year LNS Research puts forth predictions around the key trends in the Industrial Transformation (IX) topics where we focus our research. In the case of asset performance management (APM), our 2019 forecast focused on the impact of Digital Twins on a company’s strategy, go-to-market, business models, and on the direction of process automation.
Read MoreCategories: Industrial Internet of Things (IIoT), IT/OT, Asset Performance Management (APM), Digital Twin
2019 APM 4.0 Predictions Scorecard
Posted by Joe Perino on Thu, Dec 26, 2019
Every year LNS Research puts forth predictions around the key trends in the Industrial Transformation (IX) topics where we focus our research. In the case of asset performance management (APM), our 2019 forecast focused on the impact of Digital Twins on a company’s strategy, go-to-market, business models, and on the direction of process automation.
Read MoreCategories: Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin
AVEVA World 2019: Gears Syncing and Gaining Traction
Posted by Joe Perino on Tue, Dec 17, 2019
This year’s AVEVA World 2019 North America users conference was held in Orlando with over 1100 customer and partner attendees from a diverse set of industries plus 300 from AVEVA. The conference was kicked off by Steen Lomholt-Thomsen, Chief Revenue Officer, who introduced Christine Harding, the new Head of the Americas. Lomholt-Thomsen’s opening keynote highlighted AVEVA’s renewed focus on their core industries – oil and gas, chemicals, F&B, Smart Cities – and customers are successfully expanding across the applications portfolio – starting with MES and moving to APM as highlighted on stage as well as with examples from AVEVA clients. Guest keynotes from Lisa Bodell, CEO of FutureThink who spoke about the workplace complexity that is killing organizations' ability to be agile, fast and innovative, and Keller Rinaudo, whose company Zipline uses autonomous drones to deliver medical supplies in war-torn 3rd world countries, also set an encouraging tone for the conference.
Read MoreCategories: Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin
Bentley's Year in Infrastructure: Future Built on Digital Twins
Posted by Joe Perino on Thu, Dec 05, 2019
This year’s Bentley Systems “Year in Infrastructure“ users conference was held in Singapore with over 1,400 attendees from 45 countries, including Bentley staff and about 130 media and analysts from 25 countries. This year’s theme was Advancing BIM through Digital Twins. No matter where you went, the message was digital twins, twins, and more twins across the entire asset lifecycle and every industry segment from roads, bridges, and buildings to transportation, utilities, and the process industry. BIM stands for Building Information Modeling, but isn’t just for buildings, but for all physical structures and assets as they are planned, designed, constructed, operated and maintained. Digital twins are digital representations of physical assets and their engineering information that allow users to understand and model their performance in the real world over their lifecycle. In effect, Bentley says “evergreen” digital twins advance BIM and GIS through 4D.
Read MoreCategories: Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin