Simulation and AI/ML riding the digital twin wave
Most organizations across industries have been on overdrive to push digital transformation targeting savings, increasing revenue, or improving quality and reliability. A few common industry challenges such as: • “Help me predict failure of my plant asset. How do we plan scheduled maintenance optimizing operation, logistics and inventory cost? (OPEX)” • “How can we maximize performance/throughput from our assets?” • “How can I send personalize insight and proactive…
Realizing “Blue Ocean Strategy” through Digital Twin
Sandeep Bhan Digital Twin Program Mgr. / Global B&PS CTO Industry 4.0Murli Mohan Srinivas Digital Twin Lead / Head Industry 4.0 - Germany and member of the Scientific CommunityPosted on: February 10, 2020 The fourth industry revolution (Industry 4.0) is set bring sweeping technological changes in the IT landscape in the manufacturing industry. However, most businesses do not recognize that these changes due to digitization are an effective instrument…
Why batteries are the key component in the new energy mix
You may think of the humble battery simply as a storage device. But as we enter a new era for energy, it will have a critical role to play. With a new and increasingly distributed energy mix that brings with it new challenges and new opportunities, without batteries utilities would struggle to ensure a more flexible, cost-efficient and sustainable electricity supply. Before we…
Industry 4.0 – how plant/asset virtualization will change asset planning and optimization
Digitization helps companies to boost their operational excellence in manufacturing. It will enable improvements in areas that may have been neglected in the past, or not in scope for optimization due to a lack of enabling technology. Plant (asset) planning has been such an area leaving industries without spatial layouts and optimal positions for machinery in their production sites. Manufacturing companies and…
Digital Twins for PLM – Part 2: Sibling Power through Machine Learning
Changing business models and technological trends both indicate Digital Twin will lead our way in solving real life issues across product lifecycle. However digital twin is no magic wand with which business issues would automatically be solved. One of the key aspects of digital twin is to make the virtual and digital worlds (products/assets) learn from each other. Learning is targeted towards…
Horizontal integration – from business integration to digital twin
Posted on: Mar 01, 2018 by Andreas Schreiber and Murli Mohan Srinivas The horizontal coexistence of data management tools in different domains raises questions regarding data ownership, dependency and traceability that were not addressed so far by industry solutions. The various horizontal integration domains such as requirements management, product design, manufacturing planning and execution as well as supply chain management processes pose high priority technology issues…
Analytics: a powerful new tool for engineering
Today’s manufacturing companies are amassing plentiful data without unlocking its full value. In this post, I’ll explore why your data might not be working as hard as it could and reveal how data analytics opens up novel opportunities for improving products and processes. Valuable insights locked inside Today’s manufacturing companies are producing a wider variety and greater volume of data than ever before. During product development, for instance, companies…
The Cutting Edge of Industry 4.0 at WPK 2016
For anyone interested in Industry 4.0 who wasn’t at the Wiener Produktionstechnik Kongress 2016 in Vienna last week, you missed a tremendous amount of quality ideas from companies and universities who are investing millions in ensuring manufacturing will remain at the cutting edge of technology. Magna, Trumpf, Hoerbiger and many others all gave excellent examples of where they are headed in the future, and our own Hubert Tardieu…
Security: It’s not just about risks. It’s about business value
The cyber threats landscape is evolving rapidly. What security challenges will companies have to face in the next five years? What’s the impact on organisations’ security and compliance management practices? In terms of security, the truth is, companies find it more and more difficult to keep pace with technology acceleration. New digital platforms create new potential breaches as well as new opportunities. Processes are digitalized…