On Tuesday, August 21, LNS Research hosted the webcast, “Solution Selection: Choosing the Right Asset Performance Management 4.0 Partner.” The presentation examined the current APM 4.0 solution landscape and how companies can use the Solution Selection Guide to make a shortlist of potential vendors to support the company’s Digital Transformation initiative.Read More
Asset performance management (APM) 4.0 is a strategy and an approach to maintain and operate manufacturing assets, it’s not an APM 4.0 package that companies can buy “to do APM 4.0.” The APM market is still quite fragmented with few suppliers offering enterprise asset management (EAM) only, others providing just predictive maintenance analytics, while some suppliers offer multiple elements of the APM landscape as integrated and stand-alone solutions. As asset care evolves to allow manufacturers and asset-intensive industries to take advantage of Smart Manufacturing or Industrie 4.0 based digital technologies, businesses need to think about how they are going to maintain these Smart Connected Assets. Big Data analytics, the Industrial Internet of Things (IIoT), augmented reality / virtual reality (AR/VR), and the Digital Twin are critical to future maintenance systems. Trying to categorize all the vendors that provide these technologies can be a daunting task. Pick the wrong set of partners, and you may never realize the benefits of Digital Transformation. Pick the right partners, and you could well outperform the competition. Understanding how to make the right choice of partners is the first step towards APM 4.0.Read More
The last step in the LNS Digital Transformation framework is vendor selection. Frequently, manufacturers engage LNS or other research firms because they desire a selection process that is free from bias and to, ultimately, choose a provider that can actually help them achieve project objectives. Companies recognize that vendors have a natural bias to their own products while system integrators have a bias towards products with which they are familiar and for which they offer implementation services. They also recognize that their knowledge of the breadth of the potential solutions can be limited. In many cases, users simply recognize they “don't know what they don't know” when it comes to which solution providers to evaluate.Read More
Many manufacturers are now beginning to invest in technology more so than they have since before the economic downturn of 2009. Whether it is automation, technology supporting the Industrial Internet of Things (IIoT), or other solutions they believe will drive Operational Excellence, an increasing number of respondents to LNS’s APM and IIoT surveys are indicating they plan on increasing spending in the next 12 to 18 months.Read More
When it comes to today’s manufacturing businesses, most of the low-hanging fruit in improving traditional processes or legacy systems has been picked. Many of these improvements involve leveraging cutting-edge technology to its fullest, as well as defining common goals and aligning processes across multiple plants and business units in order to meet enterprise-level goals.
Manufacturing companies are looking for any advantage to remain competitive in today's fierce, global market with diverse supply chains and increasing customer scrutiny and expectations. Many have decided to implement Manufacturing Operations Management (MOM) software solutions, either through full, comprehensive packages commonly offered by vendors, or by taking a modular approach, weaving in Manufacturing Execution Systems (MES) software and Enterprise Manufacturing Intelligence (EMI)/Operations Intelligence (OI) capabilities to ensure consistently efficient operations and to manage performance in real time.
LNS Research was pleased to be among the industry media and analyst guests at the Invensys Software Conference & Tech Support Symposium last month in Dallas, TX. We were impressed with many of the innovations, along with the spirit that was exhibited by more than 1,000 people in attendance.
As global competition and the drive to improve production efficiency and safety have intensified, inceased pressure has been placed on manufacturing processes and systems. Many organizations are now realizing the value and necessity to simplify and upgrade production operations. One of the ways companies are doing this is by standardizing on their manufacturing operations management (MOM) software applications.
From our discussions with industry leading executives, our analysis of today's technology offerings, and the results from the 2012-2013 Quality Management Survey, we've seen that the emerging software category, Enterprise Quality Management Software (EQMS), is making positive impact on operations across the globe. Notably, we've reported companies that have implemented EQMS functionalities are, on average, outperforming others in key quality metrics.
The ever-rising need to deliver high quality products and processes have prompted many organizations to invest in enterprise quality management software (EQMS) solutions. EQMS is taking quality management capabilities to new heights by offering a global platform for communication and collaboration on cross-functional issues across the value chain.