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Strategy

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

The Great Wave off Kanagawa (Katsushika Hokusai, 1832)

Digital Disruption: Shaping the Future of the Auto Industry

By | Automotive, Mergers & Acquisitions, PLM | No Comments

Industry in Turmoil

Automakers have been keeping a steady pace of technology innovation and manufacturing excellence for over a century. Since the breakthrough of the highly efficient assembly line, auto manufacturers were in the forefront of engineering innovation, designing and building cars that were successively better, safer and cleaner. For many decades, the industry has been at the center of the US economic development, and, to many, an industrial and social icon.

But over the past decade or so, the iconic and seemingly stable industry has been in turmoil. It has been undergoing massive changes caused by the cumulative effect of rapid technology innovation, disruptive business models, aggressive new competitors, and an emerging supply chain ecosystem whose full impact is not fully comprehended yet.

One of the most profound changes the auto industry is grappling with is the emergence of connected and autonomous cars. Most industry visionaries and practitioners portray a bold vision of a future in which cars, occupants, and cloud-based information and control systems communicate and exchange information in the omnipresent Internet of Things cloud. Cars are becoming part of the Internet, or, in today’s parlance, they are yet additional, if unconventional, “things” in the Internet of Things (IoT). Read More

Aras Announces $40 Million Investment Led by Silver Lake

By | Mergers & Acquisitions, PLM | No Comments

Continuing its strong growth momentum over the past few years, Aras Corp. announced today it has raised $40 Million in a new round of funding from private equity firm Silver Lake Partners and GE Ventures

The funding will be used to expand Aras’s global growth and extend the company’s PLM technology, especially in offering customers comprehensive digital twin capabilities – the ability to create and manage a complete and exact digital replica of a physical product in operation. Aras technology will give Internet of Things (IoT) solution providers and users powerful configuration management tools to establish and manage IoT information in the context of detailed and up-to-date product configuration throughout the extended product life cycle: as designed, as built and installed, as maintained, and as operated.

Aras digital twin expansion strategy continues to build on the growth momentum in IoT services from cloud infrastructure providers such as Azure, AWS, Bluemix, and MindSphere, some of whom are already Aras partners.

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.

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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