Does Occam’s Razor apply to modern control solutions?

Some 800 years ago, English philosopher William of Ockham developed a principle giving precedence to simplicity. Called Occam’s Razor, his problem-solving principle is that in the event of two competing solutions, the simpler one is preferable. It is sometimes expressed as “Entities are not to be multiplied beyond necessity.” Putting this into a modern context, […]

Posted in HMI, IMO, Programmable controller
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Embracing industrial transformation through digitisation

Two major trends are accelerating the pace of modern industrial transformation. Firstly, increased pressure to improve productivity and boost ROI; secondly the relatively low cost of IT-driven data acquisition and analysis. A recent LNS Research report indicated that 45% of industrial organizations surveyed are already engaged in industrial transformation. Furthermore, another 23% of companies expect […]

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Performance metrics | What gets measured, gets done

Developed over thirty years ago and still popular today, the balanced scorecard is a management tool. It helps organisations measure their performance in relation to key aspects of their strategy, and vision. The concept has evolved over time and covers four business perspectives. Being: financial performance; customer focus; internal processes, and organisational capacity. Furthermore, key […]

Posted in Schneider Electric
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