Why aren’t Quality Leaders Leading Quality Transformation? (Clue: It’s not because of tech)

Posted by Vivek Murugesan on February 07, 2022

Quality management has been one of the earliest areas of research for us here at LNS Research, and we have been closely monitoring the space for several years now. Our recent research on Quality 4.0 Readiness shows that Quality 4.0 programs have been gaining steady momentum and have become an important piece of the Industrial Transformation puzzle today’s manufacturing companies are trying to solve; so much so that the Quality 4.0 adoption rate has jumped from 16% to 27% in just two years.

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Categories: Risk Management, Culture, Industrial Transformation / Digital Transformation, Quality 4.0, qualitymanagement

The Future of Sustainability and Industrial Work: 7 Predictions for 2022

Posted by Peter S Bussey on January 11, 2022

As 2022 kicks off, most significant industrial organizations are well into their Industrial Transformation (IX) journeys and have been for at least several years. Those that aren’t are scrambling to catch up if they intend to remain viable. Even as IX advances as the strategic framework for competitive differentiation, industrials must deal with two rapidly emerging secular trends: the rise of Sustainability and the challenges posed by the Future of Industrial Work.

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Categories: Sustainability, Risk Management, Industrial Transformation / Digital Transformation, IT/OT, Asset Performance Management (APM), Environment, Health and Safety (EHS), Factory of the Future, ConnectedFrontlineWorkforce

2022 APM 4.0 Predictions with a Review of 2021 and More

Posted by Joe Perino on January 10, 2022

It’s that time again…each 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 4.0), our 2021 forecast focused on multiple definitions of Digital Twins, the shift of APM 4.0 to a broader view in terms of Operational Excellence (OE 4.0) and Operation Risk Management (ORM), the Connected Worker (CW), now called the Connected Frontline Workforce (CFW), and the Open Process Automation (OPA) pilots and related progress. Two additional trends are that the path to autonomy flows through Operational Excellence, a concept that requires redefinition and reimagining compared to past approaches; and second, the scale and depth of what it will take to be autonomous is not yet well understood.

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Categories: Operational Excellence, Risk Management, Industrial Transformation / Digital Transformation, Asset Performance Management (APM), Environment, Health and Safety (EHS), Digital Twin, Autonomous Operations, Data Analytics

Return to Operational Excellence 4.0

Posted by Joe Perino on November 01, 2021

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

Leveraging ICS Cybersecurity Services

Posted by Joe Perino on September 20, 2021

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.

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Categories: Risk Management, Information Technology, Industrial Internet of Things (IIoT), Industrial Transformation / Digital Transformation, IT/OT, cybersecurity

The M&A Rumble in the Jungle

Posted by Joe Perino on August 25, 2021

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:

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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

Operational Risk Management Gets Smart with AI

Posted by Peter S Bussey on August 17, 2021

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.

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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)

ICS Cybersecurity...Twists, Turns, and Roadblocks

Posted by Joe Perino on April 16, 2021

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.

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Categories: Risk Management, IT/OT, cybersecurity

Tech Companies Step Up in Crisis with Risk Management and Operational Continuity Solutions

Posted by Peter S Bussey on April 08, 2020

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. 

 
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Categories: Risk Management

Why Futureproof EHS? IX Demands It.

Posted by Peter S Bussey on July 17, 2019

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.

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Categories: Risk Management, Industrial Transformation / Digital Transformation, Environment, Health and Safety (EHS)