In our 2021 Industrial Transformation (IX) Readiness research, we asked more than 300 industrial companies where they were on their IX journey. Since our 2019 study, the share of companies fully committed to the journey soared from 16% to 28% - crossing the proverbial chasm. Conversely, the share of companies “stuck in pilot purgatory” fell from 13% to 7%.
Read MoreCategories: Operational Excellence, Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, IX Platform, Lighthouse Plants
Recent moves by some of the market's major players are beginning to confirm what LNS previously identified as a trend toward renewed interest in and a fresh approach to what LNS calls Operational Excellence 4.0 (OE 4.0). We are seeing new partnerships as well as M&A between suppliers of APM, EHS, Quality, and Connected Worker applications.
Read MoreCategories: Operational Excellence, Industrial Transformation / Digital Transformation, Asset Performance Management (APM), ConnectedFrontlineWorkforce
LNS has long focused on Operational Excellence (OE) as part of our Digital Transformation (DX) Framework, now Industrial Transformation (IX). In 2013 and 2014, we talked about Operational Excellence as a journey and stated that people, processes, and technology are the underpinnings of Operational Excellence initiatives.
Read MoreCategories: Operational Excellence, Industrial Transformation / Digital Transformation, Quality 4.0, Asset Performance Management (APM), Environment, Health and Safety (EHS)
AspenTech recently announced the general availability of the aspenONE® V12 software release, which embeds Artificial Intelligence (AI) across the portfolio and uses the Cloud to deliver enterprise-wide analytics and insights. The v12 release continues to support AspenTech's strategy of embedding AI and Machine Learning (ML) inside their products such that end-users can take advantage of these powerful tools without having to rely on data scientists or layer on external third-party analytics solutions.
Read MoreCategories: Operational Excellence, Industrial Transformation / Digital Transformation
In our Industrial Transformation (IX) Readiness work, there are many surprising results from the research. Two of the most surprising are:
Read MoreCategories: Operational Excellence, Manufacturing Operations Management (MOM), Industrial Transformation / Digital Transformation
In previous blogs and articles, I have written about the new “OT Ecosystem.” Over the past few months I had a chance to observe what’s happening in the market with a number of automation and software vendors, so I thought this would be a good time to revisit the OT Ecosystem, delve deeper into what it is and what it means, and why it is important.
Read MoreCategories: Operational Excellence, Cloud, IT/OT, Connected Worker
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.
Read MoreCategories: Operational Excellence, Industrial Transformation / Digital Transformation, IT/OT, Factory of the Future, COVID-19
On September 9th and 10th of 2019, Operational Sustainability, LLC® held its second Operational Excellence (OE) Conference at the Norris Conference Center at City Centre here in Houston, Texas. Approximately 100 people attended, including partners and industry SMEs. Founder and CEO David Drerup opened the conference keynote with a renewed commitment to serving customers with their OESuite™ of intelligent, real-time decision support and risk management applications that integrate heretofore silos of multiple products. The company is celebrating its 10th year in business. OESuite focuses on the oil & gas, petrochemicals, chemicals, utilities, mining, water / wastewater, and food & beverage markets. They have more than 30 clients, some with 50+ sites.
Read MoreCategories: Operational Excellence, Solution Vendor / Software Vendor, Environment, Health and Safety (EHS)
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.
Read MoreCategories: Operational Excellence, Smart Connected Assets, Enterprise Asset Management (EAM), Industry 4.0 / Smart Manufacturing, Asset Performance Management (APM)
On Tuesday, March 20, LNS Research hosted the webcast, “Industry Standards as Building Blocks to Quality Maturity and Operational Excellence.” The presentation examined how to use industry standards to capture the attention and cooperation of senior corporate executives, the capabilities required to achieve competitive advantage through quality, and the results companies should expect.
Read MoreCategories: Operational Excellence, Metrics, Compliance, Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Quality 4.0
