300422 Guangxi Bossco Environmental Protection Technology (A)

DGAP-News: New Survey Reveals that IT/OT Collaboration is a Priority for Manufacturers

DGAP-News: eschbach / Key word(s): Miscellaneous
New Survey Reveals that IT/OT Collaboration is a Priority for Manufacturers

22.07.2020 / 16:20
The issuer is solely responsible for the content of this announcement.


Plant Process Management deemed critical for Plant Safety and Optimization, according to 451 Research

BOSTON, MA / ACCESSWIRE / July 22, 2020 / Global software developer , a provider of digital manufacturing solutions in the pharmaceutical, chemical and food manufacturing sectors, announces for process industry manufacturers that show IT and OT collaboration using Plant Process Management solution (PPM) has become an investment priority. The survey, sponsored by eschbach, was conducted by 451 Research, part of S&P Global Market Intelligence.

The top-ranked priorities cited by respondents for a PPM investment include:

  • Capturing and sharing best practices for worker safety
  • Platform to record real-time incidents for reporting and corrective action
  • Broader collaboration and communication among production teams and managers
  • Platform to provide interactive production loss accounting

"In the drive toward the Industrial Internet of Things (IIoT) over the past few years, the greatest focus has been on instrumenting machinery," noted Andreas Eschbach, CEO of eschbach. "Due to IIoT ignoring human factors, now comes a realization that collaboration between humans and machines must become a priority, particularly in shift management. Industrial enterprises need to equip the people tasked with using and managing machinery in the overall process so that they optimize plant operations and ensure worker safety."

Since the process industry has been slow in its digital transformation, it is not surprising that 42% of respondents said they were somewhat to very interested in a packaged PPM solution. With worker safety and process optimization cited as key issues, as supported by 86% of respondents relaying that one or more safety incidents are caused by a communications breakdown, it makes sense why PPM would become such a high priority.

In addition, more than half of the respondents noted that process optimization using shift data makes a big difference. Almost 60% of industry decision makers prefer centralized software-as-a-service (SaaS) model with varying degrees of customization, which also supports the use of PPM. In fact, PPM is seen as an important data source for artificial intelligence (AI), according to 56% of survey respondents, who also indicated they are using or planning to use PPM data as an input to AI.

"Our survey found clear disconnects between IT and OT, with nearly half of OT respondents indicating that they rarely work together with their IT counterparts. Meanwhile, less than 20% of IT leaders believe they cooperate closely with OT. These groups have different perspectives on the core challenge in shift management. IT views the inability to consume or share captured data as the main issue, while OT cites the inability to reconcile shift data with machine logs," said Ian Hughes, Senior Analyst for the Internet of Things practice at 451 Research.

The survey revealed that with shift handovers communication is critical as to what data (if any) is captured to aid in the handover as well as how it is distributed to operational stakeholders. Shift handovers have become particularly vital due to social distancing as well as COVID-19, often requiring IT/OT staff to work remotely while essential employees remain in the plant.

There is a lot of opportunity for process improvements with only about 40% of survey respondents citing they use software or automation to capture and share shift data. The remainder surveyed confided they routinely capture data manually, sometimes driven by certain events or shift-by-shift. While 38% indicated a manual but ad hoc capturing of data, either event-by-event or shift-by-shift.

Survey Methodology

eschbach commissioned 451 Research to conduct an independent survey designed to provide current insights into the state of play, gaps, expectations and awareness of PPM, as well as future needs for it in the marketplace. The survey gathered responses from 300 decision-makers in the process industry, across a split of IT and OT roles, with the majority representing companies based in the US and with over $1bn in revenue. Surveyed organizations range in size from 500 to over 100,000 employees and operate in various vertical markets.

About eschbach

Based in Germany, with U.S. operations in Boston, eschbach develops software for interactive management, transparent communication and documentation. Our solutions provide a new level of networking in manufacturing operations. The company's award-winning® solution is used worldwide by leading production and supply companies such as Bayer and DuPont. For more information about eschbach, visit .

Media Contact

Dawn Fontaine
Ripple Effect Communications
Tel: 617-536-8887
Email:

SOURCE: eschbach


News Source: Issuer Direct


22.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: eschbach
United States
EQS News ID: 1099757

 
End of News DGAP News Service

1099757  22.07.2020 

fncls.ssp?fn=show_t_gif&application_id=1099757&application_name=news&site_id=research_pool
EN
22/07/2020

Underlying

300422Guangxi Bossco Environmental Protection Technology (A)

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Guangxi Bossco Environmental Protection Technology (A)

 PRESS RELEASE

Sunrise récompensée une nouvelle fois pour le meilleur service clients

Sunrise UPC GmbH / Mot-clé(s) : Autres Sunrise récompensée une nouvelle fois pour le meilleur service clients 31.08.2022 / 10:00 CET/CEST Sunrise remporte le test connect de la hotline du réseau fixe 2022. Sunrise établit à plusieurs reprises de nouvelles références en Suisse et dans la région DACH: Meilleur service clients pour le réseau fixe et haut débit (connect numéro 10/2022) Meilleur service clients pour la téléphonie mobile (connect numéro 5/2022) C’est le seul opérateur à remporter le test dans les deux domaines (téléphonie mobile, réseau fixe et haut débit)...

 PRESS RELEASE

Sunrise premiata di nuovo per il miglior servizio di assistenza client...

Sunrise UPC GmbH / Parola (s): Altro Sunrise premiata di nuovo per il miglior servizio di assistenza clienti 31.08.2022 / 10:00 CET/CEST Sunrise vince il test di connect 2022 dedicato al numero di assistenza per la rete fissa. Sunrise definisce nuovi standard in Svizzera e nella regione D-A-CH in diversi ambiti: miglior servizio di assistenza clienti per la rete fissa e la banda larga (connect numero 10/2022); miglior servizio di assistenza clienti per la telefonia mobile (connect numero 5/2022); unico operatore a vincere il test in entrambi i settore (telefonia mobi...

 PRESS RELEASE

Sunrise erneut für besten Kundendienst ausgezeichnet

Sunrise UPC GmbH / Schlagwort(e): Sonstiges Sunrise erneut für besten Kundendienst ausgezeichnet 31.08.2022 / 10:00 CET/CEST Sunrise gewinnt den connect Festnetz-Hotline-Test 2022. Sunrise setzt in der Schweiz und der DACH-Region gleich mehrfach neue Massstäbe: Bester Kundendienst für Festnetz und Breitband (connect Heft 10/2022) Bester Kundendienst für Mobilfunk (connect Heft 5/2022) Einziger Anbieter mit Testsieg in beiden Bereichen (Mobilfunk, Festnetz und Breitband) mit jeweils höchster Punktzahl über die 3 Länder hinweg «Schnelle Problemanalyse gepaart mit hoh...

 PRESS RELEASE

Sunrise wins award for best customer service once again

Sunrise UPC GmbH / Key word(s): Miscellaneous Sunrise wins award for best customer service once again 31.08.2022 / 10:00 CET/CEST Sunrise wins connect magazine’s landline hotline test 2022. Sunrise sets multiple new standards in Switzerland and the DACH region: Best customer service for landline and broadband (connect issue 10/2022) Best customer service for mobile (connect issue 5/2022) The only provider to win tests in both areas (mobile and landline/broadband) with the highest scores across the three countries. According to connect magazine, «rapid analysis of ...

 PRESS RELEASE

OPPO Explores New Technology Breakthroughs with Developers and Partner...

Oppo OPPO Explores New Technology Breakthroughs with Developers and Partners at OPPO Developer Conference 2022 31-Aug-2022 / 07:25 CET/CEST  OPPO Explores New Technology Breakthroughs with Developers and Partners at OPPO Developer Conference 2022   SHENZHEN, CHINA - - 31 August 2022 - OPPO kicked off its 2022 OPPO Developer Conference (ODC 2022) today, unveiling its Pantanal cross-platform smart system, OPPO Carlink solution for enhanced smartphone-car integration, and the OPPO Sense® health algorithm along with an RMB 2 billion plan to support developers and creators working with...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch