In our Industrial Transformation (IX) Readiness work, there are many surprising results from the research. Two of the most surprising are:
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Categories: Operational Excellence, Manufacturing Operations Management (MOM), Industrial Transformation / Digital Transformation
Last week’s job report showed what many of us already knew intuitively. The real economy is bad and will likely get worse before it gets better.
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Categories: Operational Excellence, Industrial Transformation / Digital Transformation, IT/OT, Factory of the Future, COVID-19
In the early days of the COVID-19 crisis, the public health response was focused on containment, and the advice for industry was supply chain resiliency and risk management. Ensure that sole sourced critical components had been eliminated or weren’t coming from affected regions. In large part, North American and European manufacturing passed the test, due to several factors, including work already done after the Fujiyama nuclear disaster and supplier shifts forced by the several year-old trade-war.
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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), Environment, Health and Safety (EHS), Factory of the Future, Connected Worker
In December 2019, 60k attendees descended upon Las Vegas for AWS re:Invent. Just like Amazon Web Services (AWS) generally, re:Invent is fast-growing and overwhelms with its sheer breadth of content. With dozens of announcements and multiple keynotes from senior executives, including an analyst-only session with AWS CEO Andy Jassy, re:Invent has quickly become a can’t miss tech event. Jassy clearly took pleasure in the success of AWS, as he should. Started in 2006, after just 13 years, the division has grown to $36B in revenue, is still growing at 35% compound annual growth rate (CAGR), and is Amazon’s most profitable.
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Categories: Cloud, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), IT/OT
A recent LNS Research article highlighted the need for Industrial Transformation (IX) exemplars, identified three major reasons why IX programs stall, and four major areas that companies need to focus on for ensuring a robust and scalable IX program.
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Categories: Industrial Automation, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, IT/OT
Industrial Transformation, or IX, is new. There is no play book. There is no proven methodology. There is no exemplar. The improvement programs of the last generation are clear – Toyota and Lean, GE and Six Sigma, Dupont and Operational Excellence, among many others. But why were these companies successful in these endeavors – and why did they share them with the world?
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Categories: Industrial Automation, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing
I had the pleasure of attending Rockwell Automation TechEd and PTC LiveWorx in back to back weeks last month. Both events generate a tremendous draw in the industry and set attendance records, however, it may be the last year that happens. There are rumors that 2020 will see a new co-located event; times are a-changing! Although there were differences in the themes, attendees, and presentation style, there was also much in common ― especially about a shared vision of Industrial Transformation and joint customer momentum.
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Categories: Solution Vendor / Software Vendor, Industrial Automation, Industrial Internet of Things (IIoT), Industry 4.0 / Smart Manufacturing, #MondayMusings, Connected Worker
On Thursday, June 27, LNS Research hosted the webcast, “Enabling Transformation in Life Sciences: Delivering Near- and Long-Term Success with Quality 4.0.” The presentation examined strategies for life sciences organizations to reduce IX program risks and increase the speed of adoption.
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Categories: Industrial Transformation / Digital Transformation, Quality 4.0
Hannover Messe continues to accelerate, and along with it the Industrial Transformation (IX) space. LNS Research received 46 executive briefings this year, more than any previous year. Yes, it’s an enormous show, but we’ve condensed it down to the five biggest trends you need to know.
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Categories: Cloud, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation
The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.
On July 18, advanced industrial analytics vendor Seeq announced $23 Million in series B funding. Seeq was founded in 2013 with an initial series A funding of $6 Million led by Second Avenue Partners. The second round of funding included previous as well as new strategic investors like Altira Group with participation from Chevron Technology Ventures and next47, the Siemens backed global venture firm.
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Categories: Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), #MondayMusings