Conference focused on digital transformation, IIoT
Industrial companies learning how to harness the Industrial Internet of Things (IIoT) and the digital trends in engineering are a major focus at the 41st annual Honeywell Users Group (HUG) in San Antonio, Tex.
Helping industrial companies harness the Industrial Internet of Things (IIoT) to transform their entire enterprise is the lead topic for Honeywell (NYSE: HON) Process Solutions’ (HPS) 41st annual Honeywell Users Group (HUG) in San Antonio, Tex.
Vimal Kapur, president of HPS, said: "The Industrial Internet of Things will allow manufacturers to more efficiently gather and analyze a broader range of data across multiple operations and plants to use data to transform entire enterprises."
Hundreds of technology users from across the oil and gas, chemical, pulp and paper and metals and mining sectors are expected at HUG. The event will feature technology displays along with dozens of Honeywell- and customer-led sessions and technical discussions.
Showing how IIoT is working in real-world scenarios is especially critical this year. A recent survey of North American manufacturing executives suggests that while investments in data analytics are rising, companies are still grappling to better understand its benefits.
A survey conducted by KRC Research found the majority of respondents (between 60 and 70%) believe data analytics can help reduce equipment breakdowns and unplanned downtime, as well as reduce supply chain management issues. This is particularly noteworthy because around 40% of the executives see unscheduled downtime and supply chain management issues as the top two threats to maximizing revenue.
At the same time, though, nearly half of the respondents—representing a range of manufacturing industries—said they don’t fully understand the benefits of data analytics, and more than a quarter say more proof is needed to show that data analytics work.
The conference features three daily themes:
What’s Next: The Right Technology, Right Now: Day 1 focuses on how new technologies that are available today can drive gains in operational efficiency, productivity and ultimately revenue growth.
Find Opportunity: Win in a Volatile Marketplace: Day 2 examines how to take advantage of technology and services to improve reliability, safety, compliance and productivity in a time of low oil prices, increasing globalization and political instability.
Embrace Change: Engage and Empower the Next Generation: Day 3 will look at how the right environment, training, and tools can unleash the power of the smart, tech-savvy and collaborative millennial workforce.
The conference agenda also includes a number of presentations and panel discussions that cover topics such as virtualization, mobility, cost-effective control system migrations, instrumentation, advanced data analytics and project execution.
Honeywell Process Solutions (HPS)
– Edited from a Honeywell Process Solutions press release by CFE Media. See more Control Engineering IIoT and Industrie 4.0 stories.
Learn more about the 41st annual Honeywell Users Group (HUG) here.
Original content can be found at Oil and Gas Engineering.