5 Most Asked Questions from the Industrial Transformation Webcast

Posted by Tom Comstock on Mon, Mar 18, 2019

On Wednesday, March 13, LNS Research hosted the webcast “Digital Readiness for Industrial Transformation: Success Lessons from Real-World Leaders.” The presentation covered the scope, scale, strategy, budget, and organization of Industrial Transformation (IX) programs globally. The session also investigated the technology choices made in the IX programs, and how these new technology choices balance against Operational Technology (OT) and Information Technology (IT).

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing

The March Forward: IX and IIoT

Posted by Tom Comstock on Mon, Mar 11, 2019

We recently conducted a global survey on Industrial Transformation (IX) and the Industrial Internet of Things (IIoT).  These are topics that we have been studying for quite a while.  In fact, LNS Research was the first to coin the term “IIoT” in the 2014 report, “What is an IIoT Platform?”  This new report examines the year-over-year trends in industrial corporations’ plans, projects and outcomes around IX generally and IIoT specifically.  The research and trendlines demonstrate the continually growing interest in and maturity of the IIoT and IX markets.

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Categories: Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing

CEO’s Guide to IX: Defining Industrial Transformation

Posted by Tom Comstock on Thu, Feb 14, 2019

Forty-five percent of companies globally are executing an Industrial Transformation (IX) program, according to recent LNS Research survey data.  Before we can really understand the journey companies undertake, we need to know where they’re headed.  That requires a solid definition: what is Industrial Transformation, and how should companies execute it?  LNS Research defines Industrial Transformation simply as:

A proactive and coordinated approach to leverage digital technologies to create step-change improvement in industrial operations.

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

Build The Factory of the Future with Industrial Transformation

Posted by Andrew Hughes on Mon, Dec 17, 2018

Industry 4.0, Smart Manufacturing are hot topics for companies gearing-up Industrial Transformation. The goals of these ambitious programs while admirable have a long-term view. Here at LNS as we define our upcoming research agenda and delve into Industrial Transformation, it has become clear that many of our clients are opting for shorter term view than the typical large-scale and expensive Industrial Transformation programs.

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Categories: Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Industry 4.0 / Smart Manufacturing, Digital Twin, Factory of the Future

The What, Why and How of Digital Twin in Discrete Manufacturing

Posted by Andrew Hughes on Wed, Oct 10, 2018

The goal of a Digital Twin is to have a software copy that behaves as closely as possible to its real-world twin, capturing every single attribute of that physical thing. We are often focused on Digital Twin of a product – because as products evolve their Digital Twin can be updated to reflect the new product, it can also predate the new product. But what about the benefits of having a Digital Twin for assets? Consider a manufacturing plant, we can start with small pieces of equipment that are vital to the production – the more critical that equipment is, the more likely is it that a Digital Twin will deliver benefits. The component, of course, must be significant enough to warrant the (high) cost of developing a Digital Twin or have enough pre-existing models available to construct a first-generation Digital Twin. The key for executives is to understand that Digital Twins can bring immediate benefit to a manufacturing plant (and the products it produces), but they are a long-term play rather than a quick fix.

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Categories: Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Industry 4.0 / Smart Manufacturing, Digital Twin

5 Most Asked Questions from The Smart Maintenance: Using APM 4.0 to Drive Better Business Results Webcast

Posted by Dan Miklovic on Fri, Jun 22, 2018

On Wednesday, June 20, LNS Research co-presented the webcast, “Smart Maintenance: Using APM 4.0 to Drive Better Business Results” with AVEVA, an engineering and industrial software provider. The presentation explained why leading manufacturers use APM 4.0 to achieve balance between maintenance performance and overall economic performance. The discussion included an examination of which industries are prime candidates for APM 4.0, where to begin, and how to assess results.

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Categories: Industry 4.0 / Smart Manufacturing, Operational Architecture, Asset Performance Management (APM)

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

APM 4.0 and The Digital Twin

Posted by Dan Miklovic on Wed, Jun 06, 2018

Like manufacturing, asset performance management (APM) has evolved to leverage the digital technology associated with Cloud, the Industrial Internet of Things (IIoT), mobility, Big Data, and the associated analytics. This overall industrial shift has been referred to as both Industry 4.0 (or Industrie 4.0) and Smart Manufacturing. Accordingly, LNS set forth a vision of how APM has evolved in support of these highly digital, capable manufacturing assets which we call APM 4.0.

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Categories: Operational Excellence, Smart Connected Assets, Enterprise Asset Management (EAM), Industry 4.0 / Smart Manufacturing, Asset Performance Management (APM)

Hannover Messe 2018: Digital Transformation, Edge, Cloud, and More [MondayMusings]

Posted by Andrew Hughes on Mon, May 07, 2018

In 2013, the concept of Industrie 4.0 was first touted at Hannover Messe, the world’s largest, and most expensive manufacturing show for exhibitors, industrial automation, and equipment. In the ensuing five years, the halls have been full of hype, everything 4.0 and grand promises of what is coming soon. Thankfully, signals from the Messe this year are aimed at delivery on a commercial scale. The Industrie 4.0 messaging spread across dozens of stands has gone, and the stand holders seem to be ready to deliver the first stage of benefits that Digital Transformation promises.

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Categories: Manufacturing Operations Management (MOM), Cloud, Solution Vendor / Software Vendor, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, #MondayMusings, Asset Performance Management (APM)

Life Sciences Manufacturers: Continue the Shift to Integrated Risk Management

Posted by Peter Bussey on Tue, Apr 03, 2018

The notion of a risk-based approach to manufacturing domains such as quality, asset performance, safety and environmental management is not new to life sciences manufacturers. What’s changed is the scope and nature of risk management processes, and how they relate to overall enterprise risk management, sustainable operations, and profitable growth. This trend is driven by the accelerating rate of change in global business networks and operations, creating a more dynamic risk environment and calling for better risk processes and outcomes.

Click here to speak with Peter Bussey.

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Categories: Risk Management, Compliance, Industry 4.0 / Smart Manufacturing, Environment, Health and Safety (EHS)