The Future of Sustainability and Industrial Work: 7 Predictions for 2022

Posted by Peter S Bussey on Tue, Jan 11, 2022

As 2022 kicks off, most significant industrial organizations are well into their Industrial Transformation (IX) journeys and have been for at least several years. Those that aren’t are scrambling to catch up if they intend to remain viable. Even as IX advances as the strategic framework for competitive differentiation, industrials must deal with two rapidly emerging secular trends: the rise of Sustainability and the challenges posed by the Future of Industrial Work.

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Categories: Sustainability, Risk Management, Industrial Transformation / Digital Transformation, IT/OT, Asset Performance Management (APM), Environment, Health and Safety (EHS), Factory of the Future, ConnectedFrontlineWorkforce

2022 APM 4.0 Predictions with a Review of 2021 and More

Posted by Joe Perino on Mon, Jan 10, 2022

It’s that time again…each 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 4.0), our 2021 forecast focused on multiple definitions of Digital Twins, the shift of APM 4.0 to a broader view in terms of Operational Excellence (OE 4.0) and Operation Risk Management (ORM), the Connected Worker (CW), now called the Connected Frontline Workforce (CFW), and the Open Process Automation (OPA) pilots and related progress. Two additional trends are that the path to autonomy flows through Operational Excellence, a concept that requires redefinition and reimagining compared to past approaches; and second, the scale and depth of what it will take to be autonomous is not yet well understood.

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Categories: Operational Excellence, Risk Management, Industrial Transformation / Digital Transformation, Asset Performance Management (APM), Environment, Health and Safety (EHS), Digital Twin, Autonomous Operations, Data Analytics

Seven Key Take-Aways from the Sustainability and EHS Leaders Roundtable

Posted by Peter S Bussey on Thu, Dec 16, 2021

In a sign of the times, the topic of Sustainability was front and center at the 3rd annual LNS Research, The Industrial Transformation (IX) Event, held October 19-21, 2021. Keynote speakers on the morning of Day 1 included Michael Train, SVP and Chief Sustainability Officer of Emerson, and Ellis Jones, VP and Chief Sustainability Officer of The Goodyear Tire & Rubber Company. These speakers highlighted the strategic importance of sustainability to enterprise strategy in their organizations, as well as the critical role of leadership in achieving the transformational results Sustainability initiatives often aspire to.

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Categories: Sustainability, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, IT/OT, Environment, Health and Safety (EHS), Data Analytics

Return to Operational Excellence 4.0

Posted by Joe Perino on Mon, Nov 01, 2021

In my recent The M&A Rumble in the Jungle blog, I highlighted my 2021 number two prediction that "the focus on APM 4.0 will shift to a broader view in terms of Operational Excellence (OE 4.0) and Operational Risk Management (ORM). This will lead to increasing friction, and at the same time opportunity, between APM and EHS, and quality too...competitors will begin to react in 2021, and we'll see more partnerships and M&A ramping up." We said that the trend has been for both EHS and APM vendors to expand into each other’s territory, in most cases bypassing EAM, since APM solutions can drive whatever EAM is in place. While EAM vendors have a solid business, they risk being squeezed out of the running in the battle over Operational Risk Management (ORM), a key objective of what LNS Research calls Operational Excellence 4.0 (OpEx 4.0). Here, LNS Research refers to the fight between EHS and APM where ORM software straddles the divide between APM vendors' asset reliability, integrity, inspection, and maintenance focus, and the process safety management, incident management, and worker risk assessment functionality of EHS vendors.

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Categories: Operational Excellence, Risk Management, Continuous Improvement, Asset Performance Management (APM), Environment, Health and Safety (EHS), qualitymanagement

Blackstone’s Acquisition of Sphera Raises the Bar for ESG Software Space

Posted by Peter S Bussey on Wed, Sep 15, 2021

In the world of enterprise business software, a billion-dollar-plus investment is not unusual and perhaps even ordinary. But in the Environment, Health and Safety (EHS) and Sustainability software space, a deal of that size is a watershed event. The recently announced acquisition of Sphera by Blackstone constitutes such an event. It also speeds the transition of the EHS and Sustainability (EHSS) software category to being subsumed under the nascent Environment, Social and Governance (ESG) banner.

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Categories: Sustainability, Solution Vendor / Software Vendor, Industrial Transformation / Digital Transformation, Environment, Health and Safety (EHS)

The M&A Rumble in the Jungle

Posted by Joe Perino on Wed, Aug 25, 2021

Four recent M&A announcements have prompted us to catch up on our view of where the industry is heading and follow up on our earlier predictions for 2021. They are:

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Categories: Operational Excellence, Risk Management, Enterprise Asset Management (EAM), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Asset Performance Management (APM), Environment, Health and Safety (EHS), Internet of Things (IoT), cybersecurity

Operational Risk Management Gets Smart with AI

Posted by Peter S Bussey on Tue, Aug 17, 2021

The way most industrial organizations manage risks in their operations is akin to driving a car forward while looking in the rearview mirror. This approach is useful for understanding what’s already happened but is of limited value in seeing what’s ahead and taking preventive action accordingly. The essential solution is to shift from a posture of risk hindsight to one of foresight and the ability to predict and prevent adverse events rather than respond after the fact.

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Categories: Risk Management, Predictive Maintenance (PM), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), Environment, Health and Safety (EHS)

EHS Transformation Starts with Effective Leadership

Posted by Peter S Bussey on Thu, Jun 24, 2021

Part of the fallout from the COVID-19 pandemic has been a resurgence of the Environment, Health and Safety (EHS) business function. Anyone paying attention has seen that the management (or mismanagement) of EHS-related operational risks can directly impact business continuity, for better or worse. Now more than ever, license to operate, let alone profitable operations, depend on effective management of safety, health, and environmental risks.   

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Categories: Industrial Transformation / Digital Transformation, Environment, Health and Safety (EHS), IX Platform, ConnectedFrontlineWorkforce

Seven Transformation Opportunities for EHS Leaders to Seize

Posted by Peter S Bussey on Thu, Mar 18, 2021

If the adage, “With Change Comes Opportunity” is at all correct, Environment, Health and Safety (EHS) business leaders have opportunity in spades. Entering the second year of the COVID-19 pandemic, change and the ability to adapt to it have become the mantra for industrial organizations to get through the crisis. Over the past year, “resilience” and “agility” were the buzz words of corporate earnings calls and communications, perhaps to the point of overuse regardless of their validity.

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Categories: Industrial Transformation / Digital Transformation, Environment, Health and Safety (EHS), Connected Worker, Data Analytics

Operational Excellence 4.0

Posted by Joe Perino on Thu, Dec 03, 2020

LNS has long focused on Operational Excellence (OE) as part of our Digital Transformation (DX) Framework, now Industrial Transformation (IX). In 2013 and 2014, we talked about Operational Excellence as a journey and stated that people, processes, and technology are the underpinnings of Operational Excellence initiatives.

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Categories: Operational Excellence, Industrial Transformation / Digital Transformation, Quality 4.0, Asset Performance Management (APM), Environment, Health and Safety (EHS)