Industrial Transformation: What Are SMBs to Do?

Posted by Patrick Fetterman on Mon, Feb 11, 2019

LNS Research spends a great deal of our time exploring and writing about Industrial Transformation (IX), including best practices around people, processes, and technology. However, many small and mid-sized businesses (SMB) are not ready for the scope and impact of IX projects – they’re already behind in technology adoption, and don’t have the personnel or budget required to take on a full-blown IX project. These companies however must still compete against larger, resource-rich organizations that are moving ahead with the latest technologies and are seeing step-change improvements in their operations thanks to the new Industrial Internet of Things (IIoT) solutions. So, how can SMBs compete?

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

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

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)

iBASEt Targets the Digital Thread in Aerospace and Defense Industry [MondayMusings]

Posted by Tom Comstock on Mon, Nov 05, 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 Excelerate 2018 Conference in Dana Point, California hosted by iBASEt, a manufacturing execution system (MES)/ manufacturing operations management (MOM) company focused on aerospace and defense (A&D) and complex discrete industries. Over the past years (2015 and 2017), LNS has witnessed a continued growth in customer and prospect participation at the Excelerate conferences. The most quoted statistic of the event was from Tom Captain, the retired Vice Chairman and former Global A&D Leader at Deloitte - there is now $1.7 Trillion in defense spending worldwide.

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Categories: Manufacturing Operations Management (MOM), Solution Vendor / Software Vendor, #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)

6 Most Asked Questions from Digital Twin: Discrete Manufacturers Making the Connection from Innovation to Performance Webcast

Posted by Andrew Hughes on Wed, Oct 17, 2018

On Tuesday, October 16, LNS Research hosted the webcast, “Digital Twin: Discrete Manufacturers Making the Connection from Innovation to Performance.” The presentation explained the state of play of Digital Twin in discrete industries, where it’s going in the coming years, and how this exciting mix of real with virtual for products and assets will deliver endless possibilities to improve performance and competitive advantage in discrete manufacturing .

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Categories: Manufacturing Operations Management (MOM), Digital Twin

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

There’s No Industrial Transformation Without Operational Architecture

Posted by Andrew Hughes on Thu, Sep 20, 2018

Our journey through the Analytics That Matter series has shown that the Operational Architecture is a critical factor in building an analytics environment that can deliver value at all levels (descriptive, diagnostic, predictive and prescriptive). It’s also clear that where Operational Architecture is concerned, one size does not fit all. Operational Architecture is one piece of the operational and data model puzzle manufacturers need to ensure success. Many industrial organizations ask, “Why doesn’t one size fit all?” Let’s explore that statement and explain why right-sizing each element is key for success.

Click here to speak with Andrew Hughes

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Categories: Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Industrial Transformation / Digital Transformation, Operational Architecture

4 Most Asked Questions from The Analytics That Matter: A Fresh Perspective on Operational Architecture Webcast

Posted by Andrew Hughes on Mon, Aug 27, 2018

On Thursday, August 23, LNS Research hosted the webcast, “Analytics That Matter: A Fresh Perspective on Operational Architecture.” The presentation explained the results of the 2018 Analytics that Matter survey and helped industrial executives understand a new dimension of Operational Architecture. The discussion also covered the data and analytics architecture that powers Digital Transformation goals.

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Categories: Manufacturing Operations Management (MOM), Industrial Transformation / Digital Transformation, Operational Architecture

How the Right Operational Architecture Powers the Analytics That Matter

Posted by Patrick Fetterman on Wed, Jul 25, 2018

LNS Research has published our Analytics That Matter research report (previously titled Metrics That Matter) for several years, with the original research appearing almost a dozen years ago. The 2018 report breaks new ground by moving from a discussion of metrics to a focus on advanced analytics, and putting analytics into LNS Digital Transformation Framework, backed by our recommendations on Operational Architecture.

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Categories: Metrics, Manufacturing Operations Management (MOM), Big Data, Industrial Transformation / Digital Transformation, Operational Architecture