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IT Strategy

Magic Mirror (M.C. Escher, 1946)

Recharging Your PLM Investment

By | IT Strategy, PLM | One Comment

What Does the ‘L’ in PLM Stand For?

Many product companies that use product lifecycle management software do not manage to reach the full potential of the concept and exploit the power of the software.  Often, the engineering department merely uses PLM product data management (PDM) tools as the system of record, and as a central repository of product design changes. But these only scratch the surface of toady’s very capable PLM software tools.

A long-promised, but frequently under-delivered, the principle of PLM has been the ability to frontload key product-related decisions such that design engineers can incorporate key capabilities and considerations concerning downstream activities such as manufacturing and service. Later, as the product continues down the path and goes into production and deployment, the PLM software provides feedback that informs upstream processes about manufacturing quality, warranty issues, and field service operations. These, in turn, enable a continuous quality and product improvement process throughout the product’s life, all the way to its decommission and retirement. This is the ‘L’ in PLM; at least, this is the intent.

Why do some product organizations struggle to implement this notion and to incorporate downstream considerations during early design stages and thereafter? Read More

Kroa A (Victor Vasarely, 1970)

Why Are You Not Using Component-Based Software Development?

By | IT Strategy | No Comments

Software Is Eating the World

It’s been over five years since Marc Andreessen famously quipped in The Wall Street Journal essay “Software Is Eating the World”. Today, the idea that practically all new products are software driven and “every company needs to become a software company” is almost a cliché.

From personal gadgets to home appliances, and from cars to the power generation and distribution industry, sophisticated software provides functionality and value for consumers, and ability to tailor products to a broad array of industry applications and individual tastes and needs.

The recent wave of rapid innovation and aggressive proliferation of enabling software technologies, ranging from blockchain and the Internet of Things to data analytics and artificial intelligence, is affording product company excellent opportunities to innovate rapidly and offer new and exciting products at lower cost and smaller physical footprint. Read More

Clairvoyance (Rene? Magritte, 1936)

Digital Transformation and The Internet of Things

By | Internet of Things, IT Strategy | One Comment

The Industrial Internet of Things seems to be in full swing, as the digital transformation of business operations and customers engagement models promises to bring about radical business improvements, new customers and additional revenue streams.

And technology innovations continue to keep the conversation alive, as hardware miniaturization, reduced power consumption, falling hardware prices, and ubiquitous wireless connectivity proliferate and power practically all new products.

The confluence of new technologies and innovative business models fuels the growth of the Industrial Internet of Things. There are plenty of compelling arguments—both business-oriented and technology-induced—that the Industrial Internet of Things will, indeed, lead to a radical transformation in practically every business sector.

Read More

The Fortune Teller (Georges de La Tour c. 1630)

Seven Industrial IoT Predictions for 2017 and Beyond

By | Internet of Things, IT Strategy | 3 Comments

Rapid Growth in Times of Uncertainty

The industrial Internet of Things (IoT) is enabling and accelerating the convergence of three key technology and business model shifts that are fueling the digital transformation of every industrial enterprise:

  • Connectivity. The number of connected devices and mobile devices is growing at an increasingly faster pace, emanating massive amounts of real-time information that enables deep insight about themselves and the environment around them.
  • Cloud Computing. After years of hesitation, cloud technology is finally becoming a mainstream business platform and a growth engine. New information systems and business operation constructs can be deployed and scale quickly and cost effectively, as connected assets and mobile devices deliver decision-making power to all ranks in the organization.
  • New Business Models. Cloud-connected assets and customers, coupled with real-time information and decision-making capabilities form the foundation for new ways to engage the business and its customers. Businesses can deploy innovative customer-centric outcome-based engagement models and respond to changing market conditions with greater agility and flexibility.

Industry is making strides in developing Internet of Things technologies and articulating the potential business value of industrial IoT and Industry 4.0 solutions. The upcoming years of the IoT evolution will be characterized by rapid technology acceleration, as the vision of an always-connected world, in which everything and everybody is connected, is becoming an everyday reality.

And company leadership is under pressure to seize the opportunity. Eager technology vendors, enthusiastic investors and analysts, and deluge of breathless headlines, all entice corporate management to jump on the IoT bandwagon before it’s too late.

However, as technology forecaster Paul Saffo aptly observed, one should not mistake a clear view for a short distance. Read More

Help! Movie Poster (The Beatles, 1965)

IoT and Software Support

By | Internet of Things, IT Strategy, Service Lifecycle Management (SLM) | 4 Comments

You think IoT has Nothing to do with Software Support? Think Again!

You cannot escape the onslaught of breathless headlines about the rapid proliferation of the Internet of Things (IoT). You hear and read ad nauseam about a brave new connected world that is threatening to change all businesses as we know them.

These stories are usually accompanied by images of complex industrial equipment, giant oil rigs, and highly sophisticated jet engines.

If you are in software support you may dismiss these as not quite relevant to your business and daily activity. Some of you may even sigh in relief that you do not need to get to the bottom of the 4th Industrial Revolution and that your job is not threatened by these new technologies.

But if you do, you’d be wrong! Read More