Digital Twins Uncomplicated: Answering the Three Most Asked Questions

Posted by Tom Comstock on Wed, May 19, 2021

LNS Research has been writing about Digital Twins for a number of years. We still find our manufacturing clients confused by the opportunities presented by Digital Twins and unclear on how to proceed. In face of this reality, we wanted to set up a simple framework for thinking about Digital Twin use cases and answer some of the most common questions we hear about these concepts.

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Digital Twin, IX Platform

IBM Has Been Hard at Work…and It's Showing Results

Posted by Joe Perino on Mon, Feb 08, 2021

When we last visited with IBM in April 2019 at their first annual IoT Exchange event, we came away with renewed confidence that IBM was stepping up their game, freshly re-organized into a dedicated ISV-like unit, and investing heavily in Maximo, TRIRIGA, and the Engineering Lifecycle Suite to catch up to, if not outright out-innovate their competition.

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Categories: Industrial Transformation / Digital Transformation, Asset Performance Management (APM), Digital Twin, IBM

Siemens Highlights Acceleration at Media & Analyst Event

Posted by Tom Comstock on Fri, Jul 24, 2020

LNS recently had the opportunity to participate in Siemen’s Media and Analyst Conference (MAC) held virtually this year because of the pandemic. While this year’s event held fewer presentations, the company still demonstrated that the pace of change at Siemens Digital Industries is accelerating.

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Categories: Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Digital Twin, Siemens

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.

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Categories: 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.

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Categories: 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.

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Categories: 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.

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Categories: Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin

Siemens Acquires PSE to Deepen Process Industry Portfolio

Posted by Joe Perino on Wed, Nov 20, 2019

Siemens announced on September 16, 2019 that they have agreed to acquire Process Systems Enterprise (PSE) according to Eckard Eberle, CEO of Business Unit Process Automation. Siemens plans to purchase 100 percent of the share capital of PSE and to integrate its business into the Business Unit Process Automation, which is part of Siemens Digital Industries. Siemens has now followed through on their June 2018 long-term collaboration agreement to bring the power of PSE’s gPROMS APM technology to Siemens automation and digitalization offerings for the process industries. Under the original agreement, the companies promised to bring to market a new set of solutions for long-term equipment and health monitoring, soft-sensing, prediction of future process performance, real-time optimization, and operator training incorporating high-fidelity models. The agreement aimed to extend Siemens’ capabilities in the process industries and would result in the close linkage of Comos, Simatic PCS 7 and Simit with PSE’s gPROMS.

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Categories: Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin

GE Digital's Users Conference – Reemerging and Refocusing

Posted by Joe Perino on Fri, Nov 08, 2019

In mid-September 2019, GE Digital (GED) held its reconstituted User Conference in Austin, Texas. Unlike past Minds & Machines mega-events, this event was smaller and more focused, with approximately 300+ attendees, of which 100 were GED, and the balance being 150+ customers and 45 channel partners from a variety of industries and global locations. GE Digital’s new CEO, Patrick Byrne, keynoted with a renewed commitment to serving customers with deep domain knowledge, long-time asset and process operating experience, digital solutions and services, and the ability to support customers globally. This message seemed well-received as many customers had previously voiced concerns about GE’s viability and continuity in the market.

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Categories: Product Lifecycle Management (PLM), Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Asset Performance Management (APM), Digital Twin

Steady Progress: Siemens Digital Industries Software [MondayMusings]

Posted by Andrew Hughes on Mon, Sep 16, 2019

Over the last decade, Siemens has gone through a massive transformation, not least in its software businesses. The current home for its comprehensive offerings is the Digital Industries Software (“Siemens”) division (a part of Digital Industries that includes discrete and process controls, automation, and drives). Siemens recently held its annual conference for media and analysts in New York where it brought us up to date on its impressive progress in software solutions. Announcements primarily related to how the company is bringing different parts of the portfolio together. We don’t perceive that as a lack of progress, but rather a demonstration of ever more sophisticated solutions around the Digital Twin.

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Categories: Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Solution Vendor / Software Vendor, #MondayMusings, Digital Twin, Factory of the Future