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Articles by Vivek Murugesan
HighByte, Oden, & TrendMiner Shift Gears Toward Next Stages of Growth
Running an industrial software company is not easy. Painfully long sales cycles, high entry barriers, and an array of compliance regulations, among other factors, make running these industrial software companies a particularly complex endeavor.
Generative AI Headlines C3 Transform 2024
The fifth edition of C3 AI's annual conference, C3 Transform, was held in Boca Raton, Florida earlier this March. Over 500 attendees gathered at the city's namesake hotel, representing a variety of companies, ranging from long-time C3 flag bearers Shell, Baker Hughes, and Koch Industries to relatively new customers, such as General Mills, Dow Chemicals, and Johnson Controls.
Organizational Culture: The Heart and Soul of Your Transformation
The majority of today’s business professionals will be familiar with the famous quote by management consultant Pete Drucker, “Culture Eats Strategy for Breakfast," which implies that no matter how solid a business strategy is, its likelihood of success depends on the people executing it and the organizational culture that surrounds them.
Paper, Spreadsheets, and the Other Usual Suspects of Messy Quality Data
The Quality function in a typical industrial organization spans across multiple levels, from quality management, quality execution and control, research & development, laboratory inspection, supplier audits, customer warranty, etc. Not surprisingly, communicating between these functions requires consistent data and information transfers across multiple systems.
Four Questions from our Advanced Analytics Roundtable ft. Pratt & Whitney
On January 26, LNS Research hosted our first Executive Roundtable for 2023. The virtual event on the topic of Advanced Industrial Analytics was attended by over 25 senior executives from leading industrial companies like Pfizer, Cargill, Georgia Pacific, Raytheon Technologies, and Vertex Pharmaceuticals among many others.
Bentley Systems' Year in Infrastructure Conference & Going Digital Awards
Event Summary Bentley Systems' 18th annual Year in Infrastructure Conference and Going Digital Awards took place November 14-15, 2022, in London. The awards program recognizes Bentley software users’ successful projects in infrastructure design, construction, and operations. Over the past six months, 11 independent jury panels selected the 36 finalists from over 300 nominations submitted by more than 180 organizations from 47 countries in 12 categories.
Challenges That Matter: Top Three Reasons Industrial Analytics Fail
Advanced Industrial Analytics programs are at a pivotal stage in today’s manufacturing industry. LNS’ latest Analytics That Matter research shows that a third of recently surveyed industrial companies have fully engaged in Advanced Analytics programs, and almost twice as many are running pilots or have budgeted to do so within the next 12 months.
Industrial Transformation: Everybody's doing it but few are getting it right
75% of IX Programs are not yet seeing ANY value Transformation is all the rage. Everybody is talking about it. Everybody is doing it. But the stark reality is that only a fraction of participants are doing it right. Only a select set of industrial companies are realizing meaningful business improvement. Let’s look at the data and some high-level causes for the failure to launch.
What is Digital Performance Excellence?
Traditional Continuous Improvement toolkits and supporting management systems in the Industry 3.0 world are people, policy, and procedure-centric processes. One characteristic they have in common is that high effort initially produces performance gains. Still, over time, gains diminish even with additional effort applied.
Sparta Connection 2022: A New Leadership Team, Challenges, and Opportunities Abound
LNS Research was privileged to attend Sparta Connection 2022 at the JW Marriott Resort and Spa in Lake Buena Vista, Florida, earlier this summer. This year’s event was the first live, in-person event for Sparta since 2019. Sparta Connection kicked off with Dr. Oxana Pickeral, CEO of Sparta Systems, delivering an opening keynote laying out a few themes that should be interesting to attendees and those considering the Trackwise product.
Sparta Connection 2022: Missed Opportunities
LNS Research was privileged to attend Sparta Connection 2022 at the JW Marriott Resort and Spa in Lake Buena Vista, Florida, earlier this summer. This year’s event was the first live, in-person event for Sparta since 2019. Sparta Connection kicked off with Dr. Oxana Pickeral, CEO of Sparta Systems, delivering an opening keynote laying out a few themes that should be interesting to attendees and those considering the Trackwise product.
Research Articles - LNS Research
Quality 4.0 Leadership, Changing Culture to Cross the Transformation Chasm In this executive roundtable led by key members of the LNS Research Analyst Team, Tom Comstock, James Wells, and Vivek Murugesan, we present our latest insights and research findings on Quality 4.0 transformation and facilitate thought provoking leadership discussions among our executive members.
Transformation Chasm & The Vision-Value Pivot: LNS Research Executive Roundtable
LNS Research regularly hosts quarterly executive roundtables to present some of our latest research, facilitate conversations among industrial leaders, and provide benchmarking opportunities for our member community. In our most recent executive roundtable, we discussed some of our latest research on the evolution of Industrial Transformation (IX) and the Vision-to-Value pivot.
What is Quality 4.0? And What It Isn’t.
Quality 4.0 is a concept LNS Research first introduced in 2017, and it has been gaining momentum ever since. However, the concept has also picked up some misconceptions along the way. To clear up any confusion, we will redefine Quality 4.0 here and answer several key questions about its scope, value, and role in Industrial Transformation (IX).
Blast From the Past: Industrial Transformation Lessons From the 15th Century
Industrie 4.0 is often referred to as the Renaissance of manufacturing. But many of us don’t realize how many parallels there really are between today’s Industrial Transformation (IX) programs and the Italian Renaissance period – a time famous for transitioning from the Middle Ages to modernity. In this blog post, we will describe three such parallels and explore how today’s manufacturing leaders can apply them in their IX programs.
The IX Journey: Five Stages of Industrial Transformation (IX)
Industrial Transformation (IX) is the proactive and coordinated approach to leveraging digital technologies to create step-change improvement in industrial operations. Industrial Transformation has become a genuine phenomenon across industrial operations. Over two-thirds of companies surveyed have implemented, are currently implementing, or plan to implement an Industrial Transformation (IX) program.
The Three User Personas of Advanced Industrial Analytics Software
In a previous blog post, we introduced Advanced Industrial Analytics (AIA) as a technology category and defined what it takes to provide competing software in this space. As part of that definition, we provided five must-have criteria for Advanced Industrial Analytics software: The vendor must have a significant presence in industrial operations. The software must provide a platform and/or a robust set of out-of-the-box analytics applications.
The IX Journey: Four Stages of Industrial Transformation (IX)
Industrial Transformation (IX) is the proactive and coordinated approach in leveraging digital technologies to create step-change improvement in industrial operations. Industrial Transformation has become a very real phenomena across industrial operations. More than two thirds of companies surveyed have implemented, are currently implementing, or plan to implement an Industrial Transformation (IX) program.
Survey Snippets #4: How Mature is Your Industrial Analytics Program, Really?
Recently, I noticed an interesting data point from our Analytics That Matter research survey: 58% of surveyed companies claimed to be implementing or piloting an analytics program, but only 11% are seeing dramatic business impacts. The reason? I believe that while these programs are often led by the right vision, most of them aren’t necessarily supported by the required execution.
Are Quality Leaders Best Positioned to Transform Quality?
We have written about some of the woes for Quality 4.0 Transformation programs here in the past, such as Quality: Being seen as a policing function Having goals that are misaligned with organizational goals Operating with shoestring budgets Needing to focus on reducing the cost of the Quality Function Being too focused on compliance I could go on. In our most recent research on Quality 4.0 from 2021, we asked a question about things Quality 4.0 leaders had a deep understanding of.
Delivered Quality: The North Star of Embedded Quality Success
What are Delivered Quality, Embedded Quality, and Quality 4.0? Before we take a closer look into the importance of and the elements within an Embedded Quality Strategy, let's begin with some definitions: Delivered Quality: The customer recognizes the quality of your product, service, or solution. Delivered Quality can be characterized by multiple aspects important to the customer, such as reliability, consistency, fit for purpose, performance value, etc.
Three ways Quality Leaders can Jumpstart Transformation Today
Industrial Transformations are culture-changing activities designed to change the way work happens at companies that undertake them. Conventional wisdom might suggest that any sub-set of Industrial Transformation (IX) focused efforts would require similar traits of their leaders, but our research shows that is not the case. Particularly glaring is the difference between IX Leaders and Quality 4.0 Leaders.
Recipes for Success: A Culinary Guide for Advanced Industrial Analytics
In a recent blog, I introduced and defined the technology category of Advanced Industrial Analytics (AIA) and provided an update on the upcoming solution selection matrix. In that post, I also explained the three types of AIA providers and how they are positioned within the Industrial Transformation Reference Architecture. This blog post expands on that and describes three ways for industrial companies to consume Advanced Industrial Analytics.
The Three User Personas of Advanced Industrial Analytics Solutions
In a previous blog post, we introduced Advanced Industrial Analytics (AIA) as a technology category and defined what it takes to provide a competing solution in this space. As part of that definition, we provided five must-have criteria for an Advanced Industrial Analytics solution: The vendor must have a significant presence in industrial operations. The solution must provide a platform and/or a robust set of out-of-the-box analytics applications.
HighByte, Oden, & TrendMiner Revs Up Toward Next Stages of Growth
Running an industrial software company is not easy. Painfully long sales cycles, high entry barriers, and an array of compliance regulations, among other factors, make running these industrial software companies a particularly complex endeavor.
What is Advanced Industrial Analytics (AIA)?
An Updated Definition of the Technology Category, IX Reference Architecture, and the AIA Solution Selection Matrix In my seven years at LNS Research, I've noticed that the research and advisory business has become increasingly dynamic and fast-moving. Most of the duties of an industry analyst, such as conducting primary research, defining technology categories, and evaluating vendor landscapes, have become more nuanced, requiring frequent updates to keep up with this increasing pace of change.
What is Industrial AI: The Hype, The Facts, and The Path Forward
It has been roughly 13 years since Marc Andreessen called out thatSoftware was Eating the World, citing how internet-based technology companies were disrupting traditional businesses. Fast-forward to 2024, and it seems like Artificial Intelligence is Eating Software now. This seems especially true in manufacturing, where AI is quickly making its way into factory floors across the world.
What is Advanced Industrial Analytics: The Common Denominator of IX
The average Industrial Transformation (IX) program has about ten strategic initiatives under its wings - Factory of the Future, Quality 4.0, Connected Frontline Workforce, ESG 4.0, and Smart Supply Chain, to name a few. While these programs differ in scope, organizational levels, use cases, and technologies required, they are almost always aligned in one common foundation. That is, each of these initiatives aims to leverage Advanced Analytics to make informed decisions.
Hexagon and Siemens Take Over Vegas Amidst Formula One Construction
Technology user conferences are a great way for software companies to showcase the latest and greatest updates to their product portfolios, mergers & acquisitions, partnerships, customer success stories, and overall messaging on critical topics.
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