Five Ways To Improve Your Enterprise Asset Management

We stand on the edge of Industry 4.0. Soon, an Internet of Things platform that incorporates Big Data, analytics, and artificial intelligence will disrupt business as we know it. To survive, your organization needs to modernize its methods of managing assets over their lifecycles. In other words, you need to improve your enterprise asset management (EAM). Here are five ways to do just that and ensure your organization flourishes in Industry 4.0.

  1. Utilize real-time insights: By utilizing real-time insights, companies can optimize their enterprise asset management. Real-time insights allow organizations to implement agile maintenance strategies. Agile maintenance will ensure your organization does not perform more maintenance than needed, minimizing downtime and cost. Real-time insights also allow organizations to experiment with their operations, adjusting the performance of assets in real-time.
  1. Implement prediction and simulation: By using predictive software, your organization can see the outcome of every possible decision when wondering how to utilize assets. This allows you to be aware of unexpected outcomes, improving reliability and enabling stress-free operations. As well as awareness, an identifiable outcome increases efficiency by eliminating costly approval processes. More importantly, predictive software can reduce risks for every employee in your organization.
  1. Increase agility: Your organization’s EAM processes need to pick up speed to excel in the digital economy. By implementing software that shortens the time it takes for processes like onboarding, your organization can keep up with your industry. You should use new organizational ecosystems to optimize asset implementation or quickly acquire new business models. This allows you to act on opportunities and enter new markets in much less time than it takes with today’s systems.
  1. Simplify solution deployment: With new assets to take advantage of every day, you must be able to implement them before managing them. Now, companies can choose to deploy new solutions in-house, in the cloud, or through a combination of the two. If you utilize cloud solutions, you won’t need to waste time implementing expensive hardware. This will lower your need for costly maintenance and replacement, freeing up both budget and IT resources for value-adding activities.
  1. A consumer-grade user experience: For your employees to accept updates to your EAM, you must offer them within an engaging, easy-to-understand user experience. After all, the implementation of new software is only as quick as the time it takes for your average employee to understand it. Invest in solutions that can be adapted for use across multiple platforms in any part of your organization. By driving adoption through increasing engagement, your organization can increase productivity.

As you can see, improving your organization’s enterprise asset management is a matter of implementing these five foundational improvements. By selecting a solution that focuses on all five, you can future-proof your organization.

SAP’s enterprise asset management software offers all five and much more. Click here to learn more about how we can improve your enterprise asset management.


Internet of Things – Digitalist Magazine

Five things that are bigger than the Internet: Findings from this year’s Global Cloud Index

The scale of the Internet is awe-inspiring. By 2021, there will be 4.6 billion people and 27 billion devices connected to the Internet, and Internet traffic will reach 2.8 trillion.
IoT – Cisco Blog

Help Five Projects Connect the World

At Bilkent University in Ankara, students sit at desks littered with bookbags and bottles of water. It looks like a typical classroom, except for the makeup of the students – school-age girls – and when the instructor asks a question, the room comes alive. “Who wants to code again after today?”

The hands shoot up.

The students are participating in Coding Sisters, a program that teaches coding to girls. Soon they are grinning as they raise their certificates of completion into the air. They yell in unison, “Hello world!”

The project was funded by the Internet Society’s Digital schools!” Chapterthon 2017, in partnership with Wikimedia Foundation. From October to November 2017, 30 projects from around the world came together to bring educational opportunities to children, especially girls. Chapterthon has been nominated for a series of prizes to be given out at the World Summit on the Information Society (WSIS), an annual United Nations-sponsored summit focused on the role information and communication plays in our world. TheWSIS Prizes recognize individuals and organizations that advance the Sustainable Development Goals: 17 global goals dedicated to building a better world by 2030.

Four other innovative, Internet Society-funded projects have been nominated: Zenzeleni Networks in rural South Africa, where one of the most economically disadvantaged communities in the country became a telecom operator; Colegio Nacional de Lambaré, where the Paraguay Chapter created a computer lab and access to fixed broadband at an economically disadvantaged school; e-Daara of Thieyetou, where the Senegal Chapter created a digital hub at a school in the remote village of Thieyetou, bringing Internet and other digital resources to teachers, students, and their families; and the Beyond the Net Programme, which funds projects at the local level to cover everything from education to policy-making, teaching technical skills to at-risk young people, and helping local engineers deploy leading technology.

These nominees show that there are many paths to closing the digital divide, but they all share common traits: Vision. Creativity. Innovation.

The Internet is for everybody, but we must think differently if we are going to connect the next billion. Today it’s helping girls to complete a coding course. Tomorrow those girls could bring digital innovation to their own communities.

You can help close the digital divide! Learn more about Beyond the Net grants and how you can help shape tomorrow.

And don’t forget to vote for these innovative projects! The project winners will be announced during WSIS Prizes 2018 Ceremony at the WSIS Forum 2018 in Geneva, 19-23 March 2018.

Follow “Beyond the Net” on Twitter

The post Help Five Projects Connect the World appeared first on Internet Society.

Internet Society

Five ways remote access will transform everything from cashpoints to living rooms

As a digital economy breaks down boundaries between industries, supply chains, employees and customers, we will see new remote access technology creating interconnectivity between companies, workers and consumers in 2018. Company support staff will be able to ‘remote in’ to cars and set-top boxes, delivering connected customer support across millions of IoT devices from the road to the living room. Workers will increasingly ‘remote into’ devices in other departments, divisions or training centres, creating cross-departmental collaboration, learning and oversight, says Adam Byrne, COO at RealVNC.

Future remote access technology will even enable remote human intervention in vehicles, creating interconnected transport ecosystems where everyone from technicians to fleet managers can ‘remote in’ to cars to fix faults, warn drivers, reduce emissions or even view police car chases in real-time from any location.

Below RealVNC outlines five ways remote access is set to transform our lives:

Bank managers will help you from within cashpoints

2018 will see the transformation of the cashpoint into a smart, all-seeing, all-doing ‘bank in a box’ that enable people to obtain audio or video support from bank managers, deposit coins and even make ‘cardless’ withdrawals without ever entering a branch.

The key will be the creation of ‘smart’ cashpoints that replicate bank branches, by using the remote access technology that IT help desks use to allow bank staff to ‘log in’ to ATMs and guide customers through transactions in real-time. Crucially, banks will be able to see inside the ATM and fix faults or remotely update and even upgrade cashpoints from any location.

Banks are particularly sensitive to the loss of an older customer demographic because these are also the wealthiest customers and they are the most resistant to automation and branch closures due to the loss of human interaction. Financial institutions face the dilemma of ensuring that branch closures do not impact a lucrative market segment that attaches considerable importance to customer service and human interaction. Remote access technology will now enable banks to automate services without losing the human touch.

Trainees and support staff will be able to ‘remote in’ to training centres and even living rooms

As the digital economy increasingly pulls down the barriers between geographies, sectors and people, we will begin to see companies and consumers using remote access technology to deliver real-time, remote customer support inside everything from data centres to living rooms.

Already, some pioneering enterprises are reaching out into customer homes by enabling staff to ‘remote in’ to TV set-top boxes and deliver real-time customer support from any location. Other companies are conversely allowing customers to ‘log in’ to training servers in other countries and receive virtual training from any location in the world.

The same is happening for workers. Some enterprises will allow real-time interconnectivity between tens of thousands of employee devices by enabling employees to ‘remote into’ everything from ‘smartboards’ to tablets across departments in real-time, creating cross-sector training and collaboration and allowing companies to oversee and enforce policies from anywhere, on the move.

Vehicle fleets will be remote-controlled

The combination of remote access technology and live telematics data means […]

The post Five ways remote access will transform everything from cashpoints to living rooms appeared first on IoT Now – How to run an IoT enabled business.

Blogs – IoT Now – How to run an IoT enabled business

Five product trends to keep an eye for improvement of new or future iterations of products

You can always count on change as a constant in the Internet of Things (IoT). Here, David Grammer, PTC UK’s senior vice-president, describes five product trends we should keep an eye out for. The way that manufacturers manage information throughout the product lifecycle has changed significantly in the past few years.

The Internet of Things (IoT) has helped accelerate innovation in the design process, making it possible for manufacturers to receive information from products in the field that can be leveraged to improve new or future iterations of products. In order to succeed, organisations are going to need to embrace new technologies and capabilities available through enterprise system vendors.

Here are 5 trends in product design that engineers are going to be seeing and leveraging in the coming year:

Augmented Reality (AR) in design review

As teams become more globally distributed, it can sometimes be difficult to get everyone involved to review a product design in a timely manner, collect all the information needed for the review, and capture feedback for future action.

Using augmented reality (AR), team members are able to visualise, interact with, and provide feedback on product designs from anywhere in the world. AR makes it possible for stakeholders to interact with a 3D model of the product, such as walking around it and viewing different states of the model – including going inside the model itself. AR also enables users to get a third-party perspective from other teammates. This particularly comes in handy when deciphering notes from a colleague as it brings you to the point of view of the model they had when they made the comment.

IoT products transforming design practices

The market is clamoring for smart, connected products: whether it’s an Amazon Echo, a Nest Thermostat, or a Fitbit. In order to sufficiently meet the expectations of customers, manufacturers need to transform their product development process to understand and leverage data from products in the field. Noting product information on a CAD drawing is no longer going to cut it as products become more complex. Manufacturers will need to become more organised with their product development process.

Having a comprehensive PLM system provides a strong foundation to taking full advantage of IoT capabilities. By consolidating all product information into a single-view digital product definition, organisations can ensure that stakeholders are all accessing the most accurate, up-to-date product information. With a PLM system, all information is streamlined into a single easy-to-read Bill of Materials (BOM) list format.

Digitalisation

Product data is an organisation’s most valuable asset. With products gathering data from the field, this data is becoming more valuable every day. However, many organisations continue to keep it locked away with engineering and manufacturing. Product data can be leveraged throughout the enterprise: whether it is how the marketing team promotes the product or how the sales team sells it.

By digitising the product development process, stakeholders throughout the organisation will be able to easily access product information. For example, if a manufacturer just merged with or acquired another company, digitising the product development process and making […]

The post Five product trends to keep an eye for improvement of new or future iterations of products appeared first on IoT Now – How to run an IoT enabled business.

Blogs – IoT Now – How to run an IoT enabled business