Manufacturers Just Lost 1.3 Million Jobs...Now What?

Posted by Matthew Littlefield on Fri, May 15, 2020

Last week’s job report showed what many of us already knew intuitively. The real economy is bad and will likely get worse before it gets better.

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Categories: Operational Excellence, Industrial Transformation / Digital Transformation, IT/OT, Factory of the Future, COVID-19

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

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

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

Two Sides of the Same Industrial Transformation Coin: APM 4.0 and Factory of the Future

Posted by Vivek Murugesan on Thu, Oct 24, 2019

The relationship between asset performance and operational performance are well known and pervasive. All too often, however, companies manage them in sub-optimized in silos. Recent discussions with clients clearly reinforced our insight that operating in silos is counter-productive to industrial transformation (IX). It doesn't matter if the company is an asset-intensive business and the most critical metrics are uptime and reliability, or a product-centric manufacturer where quality and efficiency are most critical. If the organization doesn't manage these things holistically, it will lose ground to competitors.

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Categories: Industrial Transformation / Digital Transformation, IT/OT, Operational Architecture, Asset Performance Management (APM), Factory of the Future

Oracle OpenWorld 2019: Autonomous Coming to Manufacturing [MondayMusings]

Posted by Tom Comstock on Mon, Oct 21, 2019

LNS Research recently attended Oracle OpenWorld 2019 in San Francisco. One of the mega technology events for the Golden Gate City, the conference took over all three halls at the Moscone Center and had over 60,000 attendees.

Oracle is now over $40 billion in revenue (2018) with over 137,000 employees; it positions itself as the number one supplier of business software. The company is clearly innovating in many directions. The event covers the two sides of Oracle: Oracle, the technology, and Oracle, the applications vendor. Additionally, the firm has sophisticated positioning for “emerging technologies.” So, let’s examine each, and determine if this means Oracle can finally engage deeply in the plant.

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

Good News for Industrials with IT/OT Convergence Plans: HPE All-In on SaaS

Posted by Tom Comstock on Mon, Jul 01, 2019

LNS Research recently attended HPE Discover 2019 event in Las Vegas, hosted by Hewlett Packard Enterprise (HPE). The company had $30.88 billion in revenue in 2018, and is focused on Edge, hybrid cloud, and intelligent data. The conference was a well-executed event with well over 9,000 attendees and 8% growth over last year. The highlights were demonstrations and presentations on cool use cases in exciting topic areas:

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Categories: Solution Vendor / Software Vendor, Smart Connected Assets, Artificial Intelligence / Machine Learning (AI/ML), IT/OT

20 Years Later, Digital Twins are the New ERP

Posted by Dan Miklovic on Mon, Jan 07, 2019

Twenty years ago, businesses were facing a crisis with their IT systems; Y2K. Leading up to 1999 there was a new technology paradigm emerging regarding business IT, the shift from disjointed and independent business and accounting applications to a singular integrated application; ERP or enterprise resource planning. Initially, ERP was mostly just all the accounting functions packaged together with manufacturing resource planning applications (MRP II), but ERP quickly expanded to include human resources (HR), supply chain management (SCM), customer relationship management (CRM), product data management (PDM) and a variety of other functionalities.

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Categories: IT/OT, Asset Performance Management (APM), Digital Twin