Last April, we wrote about the market twists and turns in the dynamic cybersecurity software market and the challenges and barriers to progress. More recently, we published an M&A update that noted the acquisition of PAS Global by Hexagon AB. Recent conversations with end-users, cyber-software, and automation vendors have highlighted the importance of not just the software but of the associated set of services so vital to implementing and maintaining cyber protection. This raised the question of the best way for most end-users to approach this, get the right help, and bridge the cyber gap between IT and OT. The answer is less a technical discussion than it is about strategy, standards, policies and procedures, and partnering services.Read More
Four recent M&A announcements have prompted us to catch up on our view of where the industry is heading and follow up on our earlier predictions for 2021. They are:Read More
Categories: Operational Excellence, Risk Management, Enterprise Asset Management (EAM), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Asset Performance Management (APM), Environment, Health and Safety (EHS), Internet of Things (IoT), cybersecurity
The way most industrial organizations manage risks in their operations is akin to driving a car forward while looking in the rearview mirror. This approach is useful for understanding what’s already happened but is of limited value in seeing what’s ahead and taking preventive action accordingly. The essential solution is to shift from a posture of risk hindsight to one of foresight and the ability to predict and prevent adverse events rather than respond after the fact.Read More
Categories: Risk Management, Predictive Maintenance (PM), Industrial Transformation / Digital Transformation, Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), Environment, Health and Safety (EHS)
LNS Research has been following industrial control system (ICS) cybersecurity for some time now and believes that as we emerge from the grasp of COVID-19, this is a good time to revisit what has and continues to be a very dynamic part of the industrial software market.Read More
In the global COVID-19 crisis, an adage commonly attributed to Winston Churchill rings true more than ever: “When you’re going through hell, keep going”. The conventional wisdom is that crises bring out the both the best and the worst in people and organizations. The Coronavirus pandemic is no exception.
Categories: Risk Management
Digital Transformation of industrial operations is in full swing. Our most recent survey data shows that 45% of industrial enterprises globally are executing an Industrial Transformation (IX) program, up significantly over the past three years. Don’t be fooled into thinking there’s a “magic formula” for IX; the “right” path for every company is the one that will reshape how the organization does business, the offerings it can deliver, how it goes about competing in the marketplace, or some combination of these. To that end, companies are incorporating many flavors of digital tech in their IX programs. Two-thirds have implemented or plan to implement Industrial Internet of Things (IIoT) technologies. Other common ones are cloud-based application platforms, mobile apps, Big Data analytics, augmented reality/virtual reality (AR/VR), process simulation, digital twins, and 3D printing, among many others.Read More
RIMS is a growing software category that streamlines the submission of human medical products—including pharmaceuticals, biologics, and medical devices—to regulatory agencies, ultimately to gain authorization to sell the said product in a given market. In general terms, Regulatory Information Management Software (also known as Regulatory Information Management Systems) are software systems that:Read More
Despite years of acquisitions and private equity investment, the environment, health and safety (EHS) software market is still fragmented, even at the top. A crowd of significant players compete for market leadership, or to at least deliver the returns expected by their financial backers. Although most will likely survive for the foreseeable future in one form or another, relatively fewer are likely to thrive long-term with a breakout performance.Read More
2018 was a year of much change and progress in the world of environment, health and safety (EHS) management; especially the software and digital technologies that enable it. This made for an exciting year for EHS management research here at LNS. The primary focus was on expanding our market-leading EHS 4.0 research on the Digital Transformation of EHS management. We released our full agenda of research on topics such as Big Data and predictive analytics, the impact of the Industrial Internet of Things (IIoT) on safety, integrated risk management, the connected industrial worker, and the convergence of safety, quality, and risk in plant operations, among others.Read More
The concept of effective integration of environment, health and safety, and quality (EHSQ) management systems has received much attention in the past few years. Though, not surprisingly, the idea of EHSQ integration has not translated into widespread implementation - after all, it’s hard to break down long-standing organization and technology silos, and bring teams, processes, and technology together for the greater good of the organization.
But, several forces have come together to create the opportunity, if not the obligation, for EHS and quality business leaders to look at the possibilities and develop an integration strategy to strengthen both domains and add more value to the business.Read More