Converting Data to Decisions: Why IIoT Technology Alone Isn’t Enough

Posted by Vivek Murugesan on Thu, Jan 31, 2019

The manufacturing industry has had a reputation for being late on technology adoption ever since the steam engines brought the first industrial revolution forward. Even today, while the consumer market has seen the likes of Uber, NeXT, and Spotify leverage latest technologies like Big Data, machine learning, and sentiment analysis to provide products with cutting-edge technology, the manufacturing industry is several steps behind. Even among the manufacturers who are ahead in the technology adoption curve, a good percentage of them have had trouble scaling pilot projects into financially successful projects across the organization.

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Categories: Industrial Internet of Things (IIoT)

IIoT in Process Manufacturing: More Than Just Being Better or Faster

Posted by Dan Miklovic on Wed, Jan 23, 2019

The Industrial Internet of Things (IIoT) technology has become one of the supposed underlying drivers of Digital Transformation in manufacturing, along with predictive analytics and enhanced data presentation tools like augmented reality (AR)/ virtual reality (VR). Most of the focus has been on how the vastly increased amount of information and data about manufacturing processes in IIoT equipped plants will drive analytics and AR/VR visualization tools to accelerate decision making at what is generally considered “level 3, 4 or 5” systems.

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

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

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), Cloud, Industrial Internet of Things (IIoT)

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 Internet of Things (IIoT), Industrial Transformation / Digital Transformation

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

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: Metrics, Manufacturing Operations Management (MOM), 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: Cloud, Enterprise Resource Planning (ERP), Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), #MondayMusings

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

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