Innovating business processes with rapidly developing technologies.
We’re moving towards a fully interconnected future.
One where computational power is packed into all types of everyday objects. And insights derived from the data they generate are fundamentally changing the ways that products are produced.
Cloud computing and analytics are delivering new, dynamic elements to product conception, design and development. In addition, intelligent systems and in-service product data are being used to automate and streamline complex engineering processes.
Accelerating product performance analytics will help you to create better products, quicker.
Leading engineering companies are using this new understanding of their products to innovate and accelerate the entire product development process. At the same time, unexpected product use creates opportunities for new markets while strengthening future performance.
The use of detailed information about real world product usage is driving advancement in product design.
Designers are able to check user feedback on-the-fly to suggest new applications and corrective designs. With several method choices available to satisfy specific performance criteria, the entire design process is becoming more efficient.
Significant improvement in the design process is also possible where complex elements can be automated. This can lead to ‘rules based’ design, the success of which is highly dependent on the accuracy of the rules. The specificity of IoT data can contribute significantly to the accuracy and application scope of effective design rules.
A critical benefit to overall business performance is that the value of the data is shareable.
Many companies are already using next generation PLM products to connect every element of their business to this new information source. These are the companies that are breaking long established rules to create new business models and processes that crush development times.
Their products are impacting markets before everyone else. And they’re risking less in doing so.
Extend the gathering of product data, with IoT and Cloud.
In doing so, you’ll develop a much clearer picture of the performance of your product. Using a digital twin to compare operation of a failing product’s actual performance under a unique set of circumstances can prove invaluable. Correcting issues and improving the digital product improves the efficiency of the design process, and can even help to identify new, improved product options.
This working practise can increase the market penetration of your existing product or help you to gain traction in a new market.
IoT and Cloud innovation has been initially associated with automotive and aerospace.
Many of the initial projects investigating this business advantage have been running for 5 years or more. Success has meant that similar projects are now well established within a great number of leading companies. Many are investing in and preparing for a future that is automated and globally connected.
What you are able do with the data, and the insights analytics reveal, has increasing importance to the future success of your business.