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This Week's Featured Reports and News

Mike Guilfoyle IIoT and the Aging Workforce

Brain drain remains a top-level concern for asset-intensive industries, such as manufacturing, oil & gas, and utilities. Many technically skilled workers are aging out of the workforce, taking invaluable experience and expertise with them into retirement. Companies within these industries are struggling to replace these retiring workers. At the same time, these industries face an unprecedented and complex mix of operational and market challenges. Companies are juggling infrastructure improvement needs, changing customer expectations, margin pressure, legacy technology obsolescence, and tighter environmental and safety mandates.

 

Harry Forbes Business Models for Open Process Automation

As new open process automation systems are developed and commercialized, there will inevitably be a long transitional period as owner-operators migrate the installed base of DCS equipment to the new architecture. Some may decide to upgrade their installed DCS technology rather than adopt an entirely new automation architecture. ARC expects that the transition from a DCS installation to the new architecture could be as difficult as a DCS upgrade. However, from that point forward, up-dates to the new open architecture systems should be much smaller and easier to manage.​​​​​