Industrial IoT RSS Feed by ARC Advisory Group https://www.arcweb.com/blog/industrial-iot-viewpoints en Three Major Components of a Successful Asset Integrity Management Program https://www.arcweb.com/blog/three-major-components-successful-asset-integrity-management-program <span class="field-wrapper">Three Major Components of a Successful Asset Integrity Management Program</span> <span class="field-wrapper"><span lang="" about="/user/1441" typeof="schema:Person" property="schema:name" datatype="">Inderpreet Shoker</span></span> <span class="field-wrapper">Mon, 08/20/2018 - 13:43</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/three-major-components-successful-asset-integrity-management-program" rel="tag" title="Three Major Components of a Successful Asset Integrity Management Program" hreflang="en">Read more<span class="visually-hidden"> about Three Major Components of a Successful Asset Integrity Management Program</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> The main objective of asset management initiatives is to ensure that assets perform their required functions throughout their life-time. Asset integrity management (AIM) has the same objective but with an emphasis on health, safety, and environment. AIM helps ensure that the appropriate people, systems, processes, and resources are in place, in use, and will perform when required. When assets are managed and maintained properly, not only it helps drive their sustainable performance, but also lowers inspection, maintenance and repair costs while improving plant reliability and operational safety. </div> </div> Mon, 20 Aug 2018 17:43:13 +0000 Inderpreet Shoker 72116 at https://www.arcweb.com Machine learning enables Equinor to optimize production operations in North Dakota https://www.arcweb.com/blog/machine-learning-enables-equinor-optimize-production-operations-north-dakota <span class="field-wrapper">Machine learning enables Equinor to optimize production operations in North Dakota</span> <span class="field-wrapper"><span lang="" about="/user/701" typeof="schema:Person" property="schema:name" datatype="">Tim Shea</span></span> <span class="field-wrapper">Mon, 08/13/2018 - 11:19</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/machine-learning-enables-equinor-optimize-production-operations-north-dakota" rel="tag" title="Machine learning enables Equinor to optimize production operations in North Dakota" hreflang="en">Read more<span class="visually-hidden"> about Machine learning enables Equinor to optimize production operations in North Dakota</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> <p>ARC takes every opportunity to highlight owner-operators and independent E&amp;P firms that are taking the journey of digital transformation by deploying advanced analytics and machine learning to improve their operational performance and by lowering costs, increasing production and/or EUR, or improving employee productivity as they strive to “do more with less” in an oil &amp; gas market that is moving closer to supply-demand equilibrium as prices trade in the high $60s to mid $70s per barrel of oil.</p> </div> </div> Mon, 13 Aug 2018 15:19:57 +0000 Tim Shea 71761 at https://www.arcweb.com Danger, danger Will Robinson! That does not compute! https://www.arcweb.com/blog/danger-danger-will-robinson-does-not-compute <span class="field-wrapper">Danger, danger Will Robinson! That does not compute!</span> <span class="field-wrapper"><span lang="" about="/user/9" typeof="schema:Person" property="schema:name" datatype="">Greg Starr</span></span> <span class="field-wrapper">Mon, 08/13/2018 - 11:22</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/danger-danger-will-robinson-does-not-compute" rel="tag" title="Danger, danger Will Robinson! That does not compute!" hreflang="en">Read more<span class="visually-hidden"> about Danger, danger Will Robinson! That does not compute!</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> Are you experiencing a tsunami of data? Smart, connected devices are transforming virtually every function in manufacturing. And, while the change feels massive right now, we are only connecting a small percentage of what potentially can be connected, with expectations of billions of additional smart objects being included in the future. </div> </div> Mon, 13 Aug 2018 15:22:29 +0000 Greg Starr 71756 at https://www.arcweb.com User Stories from the Industry of Things (Part Two) https://www.arcweb.com/blog/user-stories-industry-things-part-two <span class="field-wrapper">User Stories from the Industry of Things (Part Two)</span> <span class="field-wrapper"><span lang="" about="/user/1231" typeof="schema:Person" property="schema:name" datatype="">Bob Gill</span></span> <span class="field-wrapper">Wed, 08/08/2018 - 03:26</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/user-stories-industry-things-part-two" rel="tag" title="User Stories from the Industry of Things (Part Two)" hreflang="en">Read more<span class="visually-hidden"> about User Stories from the Industry of Things (Part Two)</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> Part Two of this article features more stories of end user Industrial IoT adoptions and digital transformation journeys from the recent Industry of Things World Asia conference in Singapore, which this year was chaired by ARC Advisory Group. As mentioned in Part One, hearing from other end users on their motivations, experiences and challenges can be a powerful learning step for companies looking to initiate and move forward with projects in these areas. </div> </div> Wed, 08 Aug 2018 07:26:04 +0000 Bob Gill 71551 at https://www.arcweb.com Digital Twins Define Oil & Gas 4.0 https://www.arcweb.com/blog/digital-twins-define-oil-gas-40 <span class="field-wrapper">Digital Twins Define Oil &amp; Gas 4.0 </span> <span class="field-wrapper"><span lang="" about="/user/701" typeof="schema:Person" property="schema:name" datatype="">Tim Shea</span></span> <span class="field-wrapper">Tue, 08/07/2018 - 09:59</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/digital-twins-define-oil-gas-40" rel="tag" title="Digital Twins Define Oil &amp; Gas 4.0 " hreflang="en">Read more<span class="visually-hidden"> about Digital Twins Define Oil &amp; Gas 4.0 </span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> According to the US Department of Energy, pumping systems account for almost 20 percent of the world’s energy consumed by electric motors and approximately 25 to 50 percent of the total electric energy usage in certain industrial facilities. Among other applications, pumps move crude oil through vast pipeline networks, which in turn play an indispensable role in transporting hydrocarbons to key markets. Suppliers are already developing solutions such as digital twins that can leverage data analytics to optimize the performance of pump stations for crude oil and other pipelines. </div> </div> Tue, 07 Aug 2018 13:59:06 +0000 Tim Shea 71531 at https://www.arcweb.com Siemens New Strategy and Q3 Numbers https://www.arcweb.com/blog/siemens-new-strategy-q3-numbers <span class="field-wrapper">Siemens New Strategy and Q3 Numbers</span> <span class="field-wrapper"><span lang="" about="/user/1241" typeof="schema:Person" property="schema:name" datatype="">Florian Gueldner</span></span> <span class="field-wrapper">Fri, 08/03/2018 - 01:56</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/siemens-new-strategy-q3-numbers" rel="tag" title="Siemens New Strategy and Q3 Numbers" hreflang="en">Read more<span class="visually-hidden"> about Siemens New Strategy and Q3 Numbers</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> Siemens announced new its new strategy and their latest numbers. Timing wise, this is a smart move, as it is always better to change before it starts to hurt and the numbers are indeed quite good. </div> </div> Fri, 03 Aug 2018 05:56:15 +0000 Florian Gueldner 71311 at https://www.arcweb.com User Stories from the Industry of Things https://www.arcweb.com/blog/user-stories-industry-things <span class="field-wrapper">User Stories from the Industry of Things</span> <span class="field-wrapper"><span lang="" about="/user/1231" typeof="schema:Person" property="schema:name" datatype="">Bob Gill</span></span> <span class="field-wrapper">Thu, 08/02/2018 - 03:27</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/user-stories-industry-things" rel="tag" title="User Stories from the Industry of Things" hreflang="en">Read more<span class="visually-hidden"> about User Stories from the Industry of Things</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> After its inaugural outing last year, the Industry of Things World Asia event, organized by Berlin based we.CONECT, and a companion conference to the company’s Industry of Things World shows in Germany (Berlin) and the US (Orlando and San Diego), made a return to Singapore this July. As the name implies, Industry of Things World focuses firmly on the industrial strand of IoT, differentiating it from other more general IoT events and making it more than a little relevant for ARC Advisory Group, which this year was the chair for the two-day main conference session. </div> </div> Thu, 02 Aug 2018 07:27:50 +0000 Bob Gill 71221 at https://www.arcweb.com Industrial Automation Transitions from Disruptive Innovation to Ambidexterity https://www.arcweb.com/blog/industrial-automation-transitions-disruptive-innovation-ambidexterity <span class="field-wrapper">Industrial Automation Transitions from Disruptive Innovation to Ambidexterity </span> <span class="field-wrapper"><span lang="" about="/user/701" typeof="schema:Person" property="schema:name" datatype="">Tim Shea</span></span> <span class="field-wrapper">Mon, 07/30/2018 - 08:52</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/industrial-automation-transitions-disruptive-innovation-ambidexterity" rel="tag" title="Industrial Automation Transitions from Disruptive Innovation to Ambidexterity " hreflang="en">Read more<span class="visually-hidden"> about Industrial Automation Transitions from Disruptive Innovation to Ambidexterity </span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> Austrian economist, Joseph Schumpeter, once commented that: “The same process of industrial mutation - if I may use that biological term - that incessantly revolutionizes the economic structure from within, incessantly destroys the old one, incessantly creates a new one. This process of creative destruction is the essential fact about capitalism.” </div> </div> Mon, 30 Jul 2018 12:52:48 +0000 Tim Shea 71066 at https://www.arcweb.com Integrity Management Key for Successful Industrial Asset Management https://www.arcweb.com/blog/integrity-management-key-successful-industrial-asset-management <span class="field-wrapper">Integrity Management Key for Successful Industrial Asset Management </span> <span class="field-wrapper"><span lang="" about="/user/646" typeof="schema:Person" property="schema:name" datatype="">Steve Clouther</span></span> <span class="field-wrapper">Fri, 07/27/2018 - 12:44</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/integrity-management-key-successful-industrial-asset-management" rel="tag" title="Integrity Management Key for Successful Industrial Asset Management " hreflang="en">Read more<span class="visually-hidden"> about Integrity Management Key for Successful Industrial Asset Management </span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> Around the world, many industries are facing one common challenge: managing assets and infrastructure. As a result, more and more owner/operators are paying attention to asset integrity management (AIM). </div> </div> Fri, 27 Jul 2018 16:44:29 +0000 Steve Clouther 71051 at https://www.arcweb.com Devon Energy Uses Real-time Data and Advanced Analytics to Make Better Decisions https://www.arcweb.com/blog/devon-energy-uses-real-time-data-advanced-analytics-make-better-decisions <span class="field-wrapper">Devon Energy Uses Real-time Data and Advanced Analytics to Make Better Decisions</span> <span class="field-wrapper"><span lang="" about="/user/646" typeof="schema:Person" property="schema:name" datatype="">Steve Clouther</span></span> <span class="field-wrapper">Fri, 07/27/2018 - 13:21</span> <ul class="links inline"><li class="node-readmore"><a href="/blog/devon-energy-uses-real-time-data-advanced-analytics-make-better-decisions" rel="tag" title="Devon Energy Uses Real-time Data and Advanced Analytics to Make Better Decisions" hreflang="en">Read more<span class="visually-hidden"> about Devon Energy Uses Real-time Data and Advanced Analytics to Make Better Decisions</span></a></li></ul> <div class="body text-secondary field field--name-body field--type-text-with-summary field--label-hidden field__items"> <div class="field__item"> Devon Energy has implemented advanced data historian and analytics technologies to transform all this data into actionable insights that support data-driven decisions. </div> </div> Fri, 27 Jul 2018 17:21:58 +0000 Steve Clouther 71061 at https://www.arcweb.com