OSIsoft and Element Launch “Asset Framework Accelerator”

Posted by Patrick Fetterman on Thu, Jan 10, 2019

In December 2018, OSIsoft and Element jointly announced the release of Element’s Asset Framework Accelerator for users of the OSIsoft PI System. The new offering, which was developed by Element with support from OSIsoft, is a combination of software and services that are designed to accelerate the creation of Asset Framework (AF) data models at speeds more than ten times faster than what was previously possible .

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Categories: Big Data, Digital Twin, Industrial Internet of Things (IIoT), Solution Vendor / Software Vendor

Data Collection in an IIoT-Based MOM World

Posted by Vivek Murugesan on Fri, Dec 14, 2018

Until recently, manufacturing operations management (MOM) software and Industrial Internet of Things (IIoT) platforms were two distinct solutions serving different purposes and providing separate capabilities. That’s no longer the case. MOM software vendors today embed several IIoT capabilities that enable the applications to run at any level in the operational structure. This new degree of connectivity, together with smart connected devices and inexpensive sensors have enabled manufacturers to replace older, monolithic MOM solutions with IIoT-based MOM applications in the plant.

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Categories: Manufacturing Operations Management (MOM), Industrial Internet of Things (IIoT), Cloud

2018 Rockwell Automation Fair®: Innovation and Brand Rollouts

Posted by Tom Comstock on Tue, Dec 04, 2018

LNS Research attended the Rockwell Automation Fair in Philadelphia, PA on November 14 and 15, 2018. Rockwell Automation® (NYSE: ROK) is an industrial automation and information company with $6.7 Billion in sales and 23,000 employees. This was the 27th annual Rockwell Automation Fair hosted to demonstrate their products and those of their ecosystem partners. Rockwell Automation noted there were over 8,000 customers at the event making it the largest Rockwell Automation Fair ever held outside of Chicago. They also hosted “Automation Perspectives” for the media and analysts on November 13.

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Categories: Solution Vendor / Software Vendor, Industrial Transformation / Digital Transformation, Industrial Internet of Things (IIoT)

AVEVA World Summit 2018: A “New” Company Focusing on Digital Transformation [MondayMusings]

Posted by Tom Comstock on Mon, Dec 03, 2018

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 AVEVA World Summit 2018 in La Quinta, California. Over 300 business executives from 33 countries participated in the event themed around “Your Digital Transformation: A Strategic Roadmap.” The event was a key opportunity for the company to position the “new” AVEVA given the recent merger with the Schneider Electric Software business. The company also had to highlight the Digital Transformation journeys of several of its customers.

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Categories: #MondayMusings, Solution Vendor / Software Vendor, Industrial Transformation / Digital Transformation, Industrial Internet of Things (IIoT)

5 Most Asked Questions from The Road From Metrics to Analytics for Mid-Size Manufacturers Webcast

Posted by Patrick Fetterman on Fri, Oct 26, 2018

On Thursday, October 25, LNS Research hosted the webcast, “The Road from Metrics to Analytics for Mid-Sized Manufacturers.” The webcast explored data from the 2018 “Analytics That Matter” survey with a focus on finding metrics used by high-performing companies for financial operations, manufacturing operations, and supply chain management. The webcast also focused on how companies can make a move from metrics to advanced industrial analytics, the best practices for building use cases for analytics, and the importance of an Operational Architecture to support industrial analytics.

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Categories: Manufacturing Operations Management (MOM), Metrics, Industrial Internet of Things (IIoT)

Manufacturing ERP Vendor Plex Systems Acquires IIoT Firm DATTUS [MondayMusings]

Posted by Patrick Fetterman on Mon, Oct 15, 2018

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

On July 31, manufacturing ERP vendor Plex Systems announced the acquisition of DATTUS, an Indianapolis-based software company focused on collecting machine data from the factory floor and applying advanced analytics. Terms of the deal were not disclosed .

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Categories: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Cloud, Enterprise Resource Planning (ERP)

Advanced Industrial Analytics Vendor Seeq Secures $23 Million in Series B Funding [MondayMusings]

Posted by Matthew Littlefield on Mon, Aug 06, 2018

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: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT)

PowerPlex 2018 – Customer Experience and Momentum [MondayMusings]

Posted by Dan Jacob on Mon, Jun 11, 2018

A few weeks ago, I attended PowerPlex, Plex Systems’ (Plex) annual user conference. The event was held in the heart of Detroit, fitting given Plex’s strong presence in the automotive supply chain and discrete manufacturing. The PowerPlex event continued to grow this year, reflecting Plex’s strong year-over year growth in users (expanded usage in 294 existing customers) and customers (65 new customers). The strength of the Plex platform is a vital growth enabler and differentiator. The platform delivered 1.7 T transactions, 779M web service calls, and 99.9998% uptime in 2017, all with better than 500ms response rate on its multitenant Cloud platform.

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Categories: #MondayMusings, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Cloud

Smart Manufacturing Experience 2018: IIoT, VR/AR, 3D Printing, and Whatnot

Posted by Vivek Murugesan on Fri, Jun 08, 2018

The Smart Manufacturing Experience launched its first edition of manufacturing event on April 30, 2018 at the Boston Convention Center. The 3-day event, which focused mostly on Smart Manufacturing, the Industrial Internet of Things (IIoT), additive manufacturing, and augmented reality/virtual reality (AR/VR), witnessed several hundred presenters and attendees from an assortment of companies including IIoT Platform start-ups, industrial analytics providers, 3D printing companies, and big technology players like Microsoft, PTC, among others.

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Categories: Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), Industrial Transformation / Digital Transformation, Cloud, Industrial Internet of Things (IIoT)

The Connected Worker: Modernize Safety and Risk Management with Digital Innovation

Posted by Peter Bussey on Tue, May 22, 2018

Digital Transformation is a widespread trend across industry. Our research shows that about two-thirds of industrial organizations have already implemented Smart Manufacturing and Industry 4.0 technologies, or plan to soon. This trend is only accelerating. To date, most companies have focused digitalization investments on using asset- and operations-related data to improve core operational areas such as asset reliability, energy management, and production efficiency.

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Categories: Environment, Health and Safety (EHS), Industrial Transformation / Digital Transformation, Smart Connected Assets, Risk Management, Industrial Internet of Things (IIoT)