In my recent The M&A Rumble in the Jungle blog, I highlighted my 2021 number two prediction that "the focus on APM 4.0 will shift to a broader view in terms of Operational Excellence (OE 4.0) and Operational Risk Management (ORM). This will lead to increasing friction, and at the same time opportunity, between APM and EHS, and quality too...competitors will begin to react in 2021, and we'll see more partnerships and M&A ramping up." We said that the trend has been for both EHS and APM vendors to expand into each other’s territory, in most cases bypassing EAM, since APM solutions can drive whatever EAM is in place. While EAM vendors have a solid business, they risk being squeezed out of the running in the battle over Operational Risk Management (ORM), a key objective of what LNS Research calls Operational Excellence 4.0 (OpEx 4.0). Here, LNS Research refers to the fight between EHS and APM where ORM software straddles the divide between APM vendors' asset reliability, integrity, inspection, and maintenance focus, and the process safety management, incident management, and worker risk assessment functionality of EHS vendors.
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Categories:
Operational Excellence,
Risk Management,
Continuous Improvement,
Asset Performance Management (APM),
Environment, Health and Safety (EHS),
qualitymanagement
In a recent blog post, our fearless leader, President and Principal Analyst Matthew Littlefield, noted that, “Although no one can argue with the technological innovation and productivity gains that lighthouse plants demonstrate, our data shows that including lighthouse plants as part of your Industrial Transformation (IX) program does not correlate to success.” This post builds on that earlier post and drills into when lighthouse strategies can be effective and what is an alternative strategy more correlated to success.
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Categories:
Operational Excellence,
Industrial Transformation / Digital Transformation,
IX Platform,
Lighthouse Manufacturing,
Lighthouse Plants
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%.
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Categories:
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.
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Categories:
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.
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Categories:
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.
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Categories:
Operational Excellence,
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.
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Categories:
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.
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Categories:
Operational Excellence,
Industrial Transformation / Digital Transformation,
IT/OT,
Factory of the Future,
COVID-19
