Remote Facility Monitoring with Digital Twin Technology

The lights out factory, industrial automation, the Industrial internet of things, and digital twin technology highlight the effort mankind has made to reduce to simplify facility monitoring and management challenges. These efforts have led to industry 4.0 and today, there’s no better time than now to explore the reach of emerging technology in delivering employee …

Why More Manufacturers are betting on Simulation Software in 2020

In the past decade, the manufacturing industry struggled to increase its production rate even with the implementation of lean manufacturing concepts within shop floors. A major cause of the stagnant productivity levels manufacturers’ encountered was strategy planning and its implementation. In many cases, the inability to accurately assess how strategic changes affect production led to …

Predictive Modeling In Healthcare and The Role of Digitization

The digital transformation of the healthcare industry is moving at an accelerated pace as healthcare facilities continue to reap its benefits in operational management, epidemiology, and personal medicine. And one subset of Digitization that is proving to be extremely useful is the integration of predictive modeling and analytics in healthcare. Predictive modeling refers to the …

Speaker Announcements for Simio Sync Digital Transformation

Simio Sync 2020 is a meeting of like-minded professionals within the digital transformation space and as the event date gets closer, periodic announcements introducing speakers at the event will be provided. Today, we are pleased to announce the addition of expert speakers to the event line-up. These speakers bring decades of experience in diverse industries …

What are the Differences Between Simulation Software: Discrete, Continuous, and Agent-Based?

Simulation has become an integral part of many industries due to its capacity to provide insight into complex operations and processes. This post deals with the different types of simulation software applications, their capabilities, and application. Here, discrete event, agent-based, and continuous simulation will be defined and the differences across all options highlighted to help …

Best Answers to Commonly Asked Risk Analysis Questions

Many managers don’t understand what exactly risk analysis is.  We put together some of the most common questions with responses for you. What does the risk percentage mean? The risk percentage approximates the on-time probability for an order with appropriate consideration of the number of replications or “experiments.”  It tells the user how confident they …

Integrating Digital Transformation to Enhance Overall Equipment and Facility Efficiency

The digital transformation of traditional business process and the assets that run them have become one of the raves of the moment. A Forbes-backed research highlights just how popular the topic of digital transformation and the tools needed to accomplish it has become. Statistics like the fact that 55% of business intended to adopt digitization …

Industry 4.0 Revolution: Understanding the Digital Twin and Its Benefits

The world is moving toward an era of more efficient business operations driving by automation. This was one of the key messages of Mitsubishi Hitachi Power Systems CEO, Paul Browning, at the just concluded 2019 CERAWeek held in Houston. Paul Browning, who was the keynote speaker on the ‘digital transformation agenda’, spoke about Mitsubishi’s use …

Digital Twin Technology: 5 Challenges Businesses Face By Overlooking It

A Disruptive technology is a product, concept or service that has the ability to redefine the traditional way of doing things.  Today, the digital twin concept is being hailed as a disruptive technology with the capacity to change how we design, solve complex problems and collaborate. In fact, a Gartner Report predicted that by 2021 …