Revolutionizing Plant Performance with the Digital Twin and IIoT eBook
By Jim Brown – How can manufacturers use the digital twin and industrial IoT to dramatically improve manufacturing and product performance?
The manufacturing industries are getting more challenging. Manufacturers must evolve as new technologies remove barriers to entry and enable new, digital players to challenge market share. Operational efficiency is no longer enough to compete in today’s era of digitalization and Industry 4.0.
To remain competitive, companies have to maintain high productivity while offering unprecedented levels of flexibility and responsiveness. We believe this is a fundamental disruption that will change the status quo. To survive, manufacturers need to digitalize operations in order to improve speed, agility, quality, costs, customer satisfaction, and the ability to tailor to customer and market needs.
One of the most compelling digitalization opportunities is adopting the digital twin. This approach combines a number of digital technologies to significantly improve quality and productivity. It starts with comprehensive, virtual models of physical assets – products and production lines – to help optimize designs. But the value is much greater because the physical and virtual twins are connected and kept in sync with real data from the Internet of Things (IoT) and Industrial IoT (IIoT).
Further, companies can use analytics to analyze digital twin data to develop deep insights and intelligence that allow for real-time intervention and long-term, continuous improvement.
The digital twin holds significant productivity and quality opportunities for the plant. It can be used to understand when the plant isn’t operating as intended. It can identify or predict equipment issues that can result in unplanned downtime or correct process deviations before they result in quality slippage, scrap, and rework. more>
Posted in Broadband, Business, Economic development, Economy, Education, How to, Technology
Tagged Business improvement, Capital, Electronics, PLM, Product lifecycle management, Productivity, Siemens, Skills
The Hidden Costs of Hosting Your Infrastructure On-Premise
Datacenter.com – There are many myths around it and the choice between hosting your mission-critical infrastructure in-house or accommodating your IT infrastructure in a professional data center. Managing and implementing your business-critical infrastructure in-house is a huge responsibility on top of your daily work. The specialist requirements with regard to the management of electricity, cooling and security are hard at the helm.
In addition, the excessive overhead on company resources to optimally manage the infrastructure and its environment creates its own set of challenges. The choice should not only be made on the basis of costs. It depends on your business requirements and specific usage options, as well as the costs of the service.
The role of IT has come a long way, with the success of companies now heavily dependent on the ability of the organization to digitally transform. IT and the infrastructure they build are under extreme pressure to perform, with most IT departments facing a tough battle to meet the demand from the operation (business). Digital technologies are drastically changing the way we do business, with business rules changing every day. With companies that continue to reinvent themselves, IT requirements are becoming increasingly difficult to predict now and in the future.
Research shows that nearly 70% of digital transformation projects are not finished within the set deadlines, with only one fifth of customers claiming that their transformation projects are successful in the long term. That said, taking the extra financial and resource costs needed to build and maintain your mission-critical infrastructure makes little sense if your digital journey and your business continue to mature.
As such, moving your business-critical on-premise infrastructure to a specialized colocation data center has quickly become the preferred choice that many organizations consider as part of their search to successfully digitize their business activities. more>
Posted in Broadband, Business, Economy, Education, How to, Net, Technology
Tagged Broadband, Business improvement, Capital, datacenter.com, Internet, Skills