Engineering leaders are under constant pressure to find new and innovative solutions to meet increasing customer demands.
To innovate effectively, businesses face many challenges, especially in allocation of resources to balance the competing demands of winning new contracts, delivering existing projects and helping customers.
Studies have shown that best-in-class innovators enjoy significantly better results in key areas:
Meeting product target costs
Hitting launch dates
Increasing profit margins
But to innovate successfully, companies must overcome the innovation challenges. While they are numerous, the good news is that there are a range of potential solutions to address them.
Technology is key to overcoming the challenges to innovation. Issues with data storage and re-use, collaboration and traditional manufacturing methods can all be addressed by implementing technology solutions.
Specifically, these solutions include:
Intuitive, cloud-based design software
Professional grade design tools
Cloud-based collaboration tools
Centralized data storage and reuse
Generative Design and Additive Manufacturing
Integrated simulation tools
These technologies are available now and are ready to be implemented into your business to overcome any challenges you may face with innovating successfully.
Technologies Enabling Innovation for Manufacturers
This report by Aberdeen Group discusses how cloud-based CAD solutions enable companies to implement more effective innovation methods, which helps improve the product development process and increase the success of new product introduction. It shows impressive results.
More likely to have real-time visibility into the status of all processes and data
More likely to have a direct line of communication between upstream and downstream departments
More likely to have the ability to quickly change business solutions to react to business changes
More likely to share and integrate data across departments
More likely to have a fully integrated view of all customer information
ABERDEEN: THE EASE OF AGILE DEVELOPMENT IN CLOUD-BASED CAD REPORT
Enabling greater innovation in the future of making things requires collaboration, customization, flexibility and connectivity. The Product Innovation Platform centralizes all applications, knowledge, data and tools into a single system, unifying the processes use d to design, develop, manufacture and support products.
The traditional linear manufacturing process has been replaced with fluid, flexible and closed-loop processes that make product design and manufacturing infinitely more dynamic.
Implementing the Product Innovation Platform is key to enabling greater innovation in your organization.