On Wednesday, December 11, 2019, LNS Research hosted a webcast on “Industrial Transformation (IX) in Aerospace & Defense". The presentation covered the scope, scale, strategy, budget, organization and technology choices of Industrial Transformation (IX) Programs globally and in the Aerospace & Defense (A&D) industry specifically. We also looked at another regulated industry, Life Sciences, to validate our conclusions as to why A&D companies are leading in IX. The session concluded with detailing the 5 Best Practices for driving IX. Here we will look at the 6 most common questions that came out of that session.

LNS Research recently attended Oracle OpenWorld 2019 in San Francisco. One of the mega technology events for the Golden Gate City, the conference took over all three halls at the Moscone Center and had over 60,000 attendees.

Oracle is now over $40 billion in revenue (2018) with over 137,000 employees; it positions itself as the number one supplier of business software. The company is clearly innovating in many directions. The event covers the two sides of Oracle: Oracle, the technology, and Oracle, the applications vendor. Additionally, the firm has sophisticated positioning for “emerging technologies.” So, let’s examine each, and determine if this means Oracle can finally engage deeply in the plant.

NPI Essential for Business Results, Yet Generally Ineffective

New product introduction (NPI) is a linchpin process in most corporations and industries. NPI is key to competitiveness, revenue growth, and customer retention. Given the importance of NPI to overall corporate success, it’s no surprise that manufacturers devote considerable cost and effort to it. According to our most recent data, the median manufacturer involves 25% of personnel in NPI and has a new product cycle that lasts 24 months on average. Despite the substantial investment, NPI often fails to deliver expected outcomes. Forty-four percent of NPIs fail to meet all or even most success criteria.

We recently attended HxGN Live 2019, Hexagon’s annual digital solutions conference, in Las Vegas Nevada. Three thousand attendees were there to dive into nine different keynotes and over 500 sessions, many with hands-on training. The firm is a global leader in sensor, software, and autonomous solutions headquartered in Stockholm, Sweden, with 2018 revenue reaching €3,760.7 million (approximately $4.234 billion USD). Its business includes industrial enterprise solutions with €1.941 million in revenue serving the electronics, manufacturing, energy and power, automotive, and aerospace and defense segments. They are known in the manufacturing world for 3D design and simulation technologies (predominantly for process assets), positioning and location identification mapping capabilities, metrology equipment, and an array of other sensors. The event included a bevy of new product launches across every major division of Hexagon.

LNS Research recently attended HPE Discover 2019 event in Las Vegas, hosted by Hewlett Packard Enterprise (HPE). The company had $30.88 billion in revenue in 2018, and is focused on Edge, hybrid cloud, and intelligent data. The conference was a well-executed event with well over 9,000 attendees and 8% growth over last year. The highlights were demonstrations and presentations on cool use cases in exciting topic areas:

As we study Industrial Transformation (IX) at the macro level, we seek leaders among industrial companies for further insights. We recently interviewed one of those leaders, ABB’s Chief Digital Officer, Guido Jouret, who reinforced our best practices findings from the recent IX survey.

At the recent ABB Customer World event, we had the opportunity to participate in a technology tour and a several meetings that gave us a good sense of ABB’s overall direction, new organization, and strategic partnerships. Further, we joined in on a detailed briefing on ABB Ability, focusing on the company’s Industrial Internet of Things (IIoT) and corporate partnership strategies.

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.

LNS recently attended the Oracle Modern Business Experience in Las Vegas, Nevada.  Over 6,000 people attended this “unified” event as it was the first time that Oracle had co-located the Supply Chain, HR and ERP Customer summits.  Additionally, the Modern Business Experience was co-located with their Modern Customer Experience events making for complicated meeting logistics.  Oracle is now over $40 Billion in FY 2018 revenues, and they position themselves as the #1 supplier of business software. The scope and scale of their product and solution offerings were on display in exhibitions and a plethora of sessions. 

Commitment matters, whether it is in a romantic comedy, real-life dating, or Industrial Transformation (IX). In a relationship, it is imperative that there is a “real commitment” for the relationship to progress and succeed. To make romance hard, romantic comedies and scuttlebutt tell us that determining if your partner is committed to the relationship can be difficult. Despite their pronouncements of love, “real commitment” can be elusive.