With the first quarter of 2017 coming to a close, it’s clear that the exponential growth within the technology industry is not slowing down.
25,000 new information-related jobs were created in February this year alone, according to Forbes.
As this tech push continues, we’re seeing more and more of the Digital Twin emerge as physical and digital worlds blend together.
The Digital Twin is the computerized companion of physical assets, using data sensors to show real-time data analytics.
The adoption of this trend is becoming increasingly popular as companies realize the countless benefits that the Industrial Internet of Things provides, and Augmented Reality and Artificial Intelligence become mainstream.
The biggest mistake companies are making right now is assuming these technologies won’t influence their business or impact their industry.
Industry 4.0 is real, and it’s here.
Smart technology is becoming integrated into every facet of life, resulting in customers having the ability to buy anything, anytime, anywhere.
“The convergence of cloud, mobile, social and data have ushered in a new wave of business models that will present unique challenges for various industries,” said Bob Weiler in Forbes.
With this new technology comes new challenges and questions emerging for industry leaders.
To stay ahead of the competition— and win— organizations will need partners who can provide a new level of knowledge and experience within the industry, according to Forbes.
Rethinking business models within critical industry operations is necessary to maximize performance.
The pace of change is accelerating fast. Organizations need to jump on board and embrace emerging digital technologies.
To learn the first three questions to ask in your digital transformation, join our webinar on Thursday, April 6, at 2:30 PM EST: Transform Your Operation: Vision Before Action.
Gray Matter Director of Professional Services John Benitz will demystify the beginning of the digital journey for you using his expertise on various transformations like the GE Brilliant Manufacturing process.
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The top problems manufacturers are struggling with are visibility into operations, sharing information across one or multiple plants and allowing the right people to access the necessary data.
The solution? Digital transformation of plant operations.
“Digitizing production processes is more about running an efficient business than it is about jumping onto the next technology bandwagon,” said Industry Week.
Automating processes and storing big data on the cloud allows for a single connected platform with production visibility. It allows for a single-set of accurate data and increases the control plant operators need, according to Industry Week.
Instead of having information documented on manual paper processes like Excel spreadsheets, it can be accessed in real-time across one or multiple plants.
Access to product information, inventory, quality data and more increases the productivity and decreases downtime throughout the plant.
Automating the plant is also automating the communication, in turn freeing up people and resources. Instead of having to track down the necessary information and data, workers have instant access to it at a moment’s notice.
Going paperless and automating processes is a critical step within the industry, and lays the groundwork for future innovations.
Gray Matter has a new solution to help transform manual data entry processes into digital insights for manufacturers, utilities and energy companies.
Mobility@Work digitizes information that would have been buried in stacks of paper and puts data in a format that can be used for big picture analysis.
Hauling manifests, inspections, scheduling, incidents, inventory and time sheets are all transformed from piles on someone’s desk to an easy to read digital presentation.
“There are a lot of correlations you can make if you have the data working for you instead of in a stack of paper.” – Kemell Kassim, Gray Matter VP
Download the free white paper to learn how Gray Matter solved the manual data entry problem and helped save a leading energy company nearly $1 million in just the first year.
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Security Week defines IoT devices as convenient.
They allow us to have access to data remotely and process it faster than ever.
However, with the convenience comes risk, and most people aren’t locking down their systems like they should be.
There are more avenues now than ever for cybercriminals to breach systems as more devices are connected and the digital footprint of plants are expanded.
The reality of IoT hacks is eminent. Recent research highlights how PLC controllers can be hacked and potentially taint water supply, according to Security Week. Not enough devices are accounted for, and too much personal and business data is intermingled.
The top recommendations to fix this are to get a clear policy in place, designate accountability and segment your network.
By having clear rules, placing risk and responsibility on people or teams and designating sections of your network help block the threat of cybercriminals. It makes finding an easy path into the network nonexistent.
IoT devices have a lot to offer in the world of operational technology and plant management, the risk just needs to be mitigated and vulnerabilities need to be tracked.
Gray Matter offers a vulnerability assessment for OT networks that creates a security baseline for each asset with an IP address.
In a recent interview with ARC Advisory Group, Gray Matter VP Kemell Kassim detailed recent cyber initiatives and ROI case studies.
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