IoT weekly round-up: 11th January 2018

Happy New Year! Welcome to this year’s first instalment of the IoT weekly round-up. It’s January, so naturally our crew are scoping out the Consumer Electronics Show (CES 2018) for the juiciest new developments in connected gadgetry goodness. Read on for some of the highlights so far.

Highlights from CES 2018

Automotive is the name of the game at this year’s Consumer Electronics Show. We’ve seen a B2V (brain-to-vehicle) demo from Nissan that anticipates driver actions before they occur, AR in the car and new AI platforms from Nvidia, and a step in the right direction for accessible mobility with Olli, our very own self-driving shuttle bus. There have been other surprises too – including a significant presence from Google (boothed for the first time) and, in a moment of droll irony, a power cut that plunged attendees into darkness. IBM-ers Laura Langendorf and Kal Gyimesi are on the scene, so keep an eye on the blog for their coverage of #CES2018.

LifeDoor automatically closes doors in case of fire

There’s a new player on the safety gadget front, and it’s beloved of firefighters the world over. It’s called LifeDoor, and works by automatically closing your home’s doors in case of fire to prevent the spread of smoke and flames. The idea is to prevent deaths from smoke inhalation and toxic gases that could have been avoided by containment. It’s child-friendly – the doors aren’t so much slammed shut as gently closed, and can easily be pushed open again if need be. There’s planned smart home integration on the horizon, which will mean the device can sense whether or not someone is inside a room. Pre-orders will be available soon, with shipping expected for Autumn 2018.

Under Armour releases new connected shoes

Sports wearables manufacturer Under Amour has released two new pairs of connected running shoes: Hovr Phantom and Hovr Sonic. Both boast embedded Bluetooth module, accelerometer and gyroscope in their foam soles, which are triggered by movement. They sync with a connected handset to display metrics on distance travelled, stride length and running cadence. If you want a pair, they retail at $ 140 (Hovr Phantom) and $ 110 (Hovr Sonic.)

The AAA and Torc Robotics talk safety for self-driving cars

The American Automobile Association is working with Torc Robotics to establish a set of safety criteria for self-driving vehicles. As a starting point for this work, it will be testing Torc’s self-driving vehicles on public streets. The tests represent one part of a larger testing programme, involving a partnership with GoMentum Stadium, a testing facility for autonomous vehicles in California.

Keep up with the connected world

We’ll be posting weekly updates on the world of IoT, with news from IBM, CES 2018 and beyond. To stay up-to-date, simply bookmark the IoT weekly round-up series page, and make sure you don’t miss a thing.

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IBM Ranked the EAM leader for 11th year by ARC Advisory Study

It was October 2006 when IBM acquired MRO Software and Maximo. At the time I was working on the Industry Marketing Industry team and we worked closely with the analyst firms including ARC Advisory Group. Naturally we wanted to show the world how Maximo would continue market leadership now that we were an IBM brand. I am happy to report the analyst firm ARC Advisory Group just ranked IBM as the worldwide leading supplier in the Enterprise Asset Management market segment in their research report titled ‘Enterprise Asset Management Global Market 2016 -2018’. For the eleventh consecutive year, IBM has held the overall leadership position in the report. This evaluation is unique because ARC is the only analyst firm who tracks and measures success of Enterprise Asset Management offerings across a number of diverse industry segments in the EAM solutions market. The research report was published in June 2017 and is based on calendar year 2016 data.

Highlights

The ARC Study publishes market share results for 34 different metrics based on geography, industry, sales model and asset type and according to ARC Advisory – IBM Maximo the leader in 21 of the 34 metrics. Ralph Rio, Research Director, ARC Advisory Group, comments “Maximo solutions for EAM are well proven with deep functionality and specific vertical industry solutions. This has helped continue its leadership for over a decade.”

ARC Advisory Group has recently released their annual Enterprise Asset Management Global Market Study where for the 11th year IBM Maximo is the leader in overall market share for software, implementation, and services. ARC Advisory Group is the only analyst firm that measures the market share by industry and asset type. The report found that IBM holds the leading market position in the following segments:

o    EAM worldwide and EAM North America, EMEA, Asia and Latin America

o    EAM Implementation, and Services revenues

o    EAM among Tier 1 customers (over $ 1 billion in revenue)

In addition, IBM held the top one or two positions for the last 10 years in the following EAM segments:

o    Electric Transmission & Distribution

o    Water & Wastewater

o    Government

o    Transportation

o    Pharmaceutical & Biotech

o    Healthcare

o    Refining

o    Oil & Gas

o    Complex Asset MRO

o    Financial

o    Machinery

o    Linear Assets

o    Facilities

o    Production Equipment

o    Fleet

ARC’s key findings:

In the study Ralph writes, “The combination of IoT with predictive maintenance and EAM has strengthen the business for EAM adoption. Predictive maintenance for critical assets helps assure that maintenance occurs when it is truly needed, and avoids over/under maintenance. Asset management becomes more effective at lower cost.” He continues, “Enlightened executives are making the connection between typical EAM objectives (uptime, asset longevity, cost control and safety) and business metrics (margin & revenues, cash conservation, profitability, and risk management)”

Other key findings include:

  • Though a mature market, future growth is forecasted to be robust with a high adoption rate
  • SaaS has improved adoption with a lower cost of entry, but at the same time the lower cost has depressed revenues. The net result does not appear to have dampened overall market growth.
  • SaaS has caused some market turmoil with those without it having difficulties, and allowing an opening for new market entrants. Recently, this SaaS driven turmoil has run its course and subsided.

ARC’s recommended strategies for success:

ARC recommends that organizations use a business case for justification of a new EAM system based on C-suite metrics, avoiding focusing only on technician productivity. This strategy helps get executive attention and the resources to assure successful implementation. The approach includes the following parameters:

  • Improved Uptime: Unplanned downtime causes many problems including reduced output. Well maintained equipment is more reliable. The higher uptime provides more output which improves revenue, and the associated P&L statement.
  • Asset Longevity: Well-maintained equipment lasts longer, reduces capital expenditures, conserves cash, and improves the balance sheet in a way that increases shareholder value, i.e. the price of the stock.
  • Adapting mobility: ARC says “unfortunately the mobile device of choice is still paper.” A mobile solution allows technicians to enter data and obtain information as they do the work. The improved data quality improves the integrity of the EAM system. It moves beyond a record of past activity, and becomes a trusted tool for planning and managing maintenance execution.
  • Integrate EAM with IoT for PdM: ARC believes there is gap between systems that identify an issue with a piece of equipment and the system managing the maintenance of that asset. Having a tighter integration will avoid lost alerts, and help assure the equipment repaired before it fails as predicted

ARC advisory group assessment of IBM asset management

“IBM’s EAM applications include Maximo and TRIRIGA that are contained in its division IBM Watson IoT division. IBM Maximo asset management provides a platform that supports maintenance for a variety of asset types including production equipment, linear assets, facilities, and fleet. It allows visibility and control of assets across the organization, and consists of six key management modules: asset, work, service, contract, materials, and procurement management. Maximo enables the user to develop comprehensive programs for preventive, predictive, and routine inspections and unplanned maintenance.

IBM Maximo asset management provides a platform that supports maintenance for a variety of asset types including production equipment, linear assets, facilities, fleet, and field service management. It allows visibility and control of assets across the organization, and consists of six key management modules: asset, work, service, contract, materials, and procurement management. Maximo enables the user to develop comprehensive programs for preventive, predictive, routine, and unplanned maintenance.

With client participation, IBM has created a library of industry solutions with specific functions beyond those that come with the base software. The industry solutions include Nuclear Power, Utilities, Oil & Gas, Transportation, and Aviation.

My last thoughts

After working with Maximo since the beginning in the 1980’s, and seeing the changes in technology, the shift from client-server to web, and now web to cloud, it is very rewarding to see Maximo’s continued leadership. View the Infographic and discover how many leading organizations are choosing Maximo.

Continue to explore the real value of EAM. Reduce costs, increase return on assets, enhance overall operational efficiency. Learn how combining the world-class power of IBM Maximo with IoT data and cognitive analytics can drive continuous improvements and ROI.

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