COVID-19 Knows No Borders, Nor Does Manufacturing

Posted by Andrew Hughes on Thu, Mar 26, 2020

As I sit in my wee home office in rural Belgium, I am regularly reminded by the most recent news flash that we are in lockdown – do not go out! Unless, of course you are exempted by meeting one of dozens of criteria listed in the government FAQ. It is great to see the threat being taken so seriously; we can only hope the rapid growth in new cases will slow down soon. Even so, we can expect to be confined for a considerable period and continue to support our clients as well as ever.

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Factory of the Future

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?

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Categories: Industrial Internet of Things (IIoT), IT/OT, Asset Performance Management (APM), Connected Worker

Closing Factories is Hard, Re-Opening will be Harder

Posted by Matthew Littlefield on Thu, Mar 19, 2020

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

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

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Categories: Industrial Internet of Things (IIoT), IT/OT, Asset Performance Management (APM)

Amazon AWS: Disrupting the Industrial Technology Ecosystem

Posted by Matthew Littlefield on Tue, Feb 18, 2020

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

The Factory of the Future and People

Posted by Andrew Hughes on Tue, Feb 11, 2020

In our recent eBook introducing research on the factory of the future (FoF), we show that the factory itself will be a hotbed of innovation and a key provider of vital information to help drive Industrial Transformation (IX). The three pillars of IXpeople, process and technologyare all vital to success, but today we discuss the pillar that is probably the most important factor that will determine whether the FoF will deliver its promise or not: people.

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Factory of the Future

[Standout Questions] Factory of the Future: Optimizing the Plant for Industrial Transformation (IX) Webcast

Posted by Andrew Hughes on Wed, Jan 29, 2020

We recently presented a webcast on “Factory of the Future: Optimizing the Plant for Industrial Transformation (IX)". The presentation covered the starting point for your Factory of the Future (FoF) journey, how to build the architecture to support FoF processes, and sources of data and ideas for bringing it all together. We also looked at key technologies that you should consider in your FoF journeyincluding MOM, digital twins, AI and digital Lean— and how to define and use Edge computing concepts in the integrated world. Here we will look at the 7 standout questions that came out of that session.

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Factory of the Future

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

Why Your Factory of the Future Initiative Will Likely Fail in 2020

Posted by Matthew Littlefield on Thu, Jan 16, 2020

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

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