• On Thursday, May 18 at 2:00 EDT, Michelle Boucher share best practices to improve the efficiency of simulation postprocessing. During this webinar,  Shawn Wasserman, simulation editor at ENGINEERING.com, will join Michelle. This webinar will reveal: Common challenges during the postprocessing phase Best practices to overcome those postprocessing challenges Case studies demonstrating the benefits of efficient postprocessing   Register for this event today.   … [ read more ]

    Webinar: Solving the Bottlenecks of Simulation: Postprocessing – May 18, 2PM ET
  • The How-to Guide to Adopting a New 3D CAD  shares best practices for changing from one 3D CAD tool to another. The guide shares the reasons you should consider making a change, potential benefits of making a change, and advice for selecting a new tool. The guide then goes deeper into the steps you should take to plan a migration, training resources, what to do with legacy data, and how to prioritize what legacy data you convert. These best practices were developed by analyzing the responses of those who were very satisfied with their transition process. Their responses were compared to the rest to identify … [ read more ]

    Adopting a New 3D CAD (survey findings eBook)
  • Are you making your products smarter? Are you feeling pressure to add software and electronics? Please share your experience, thoughts, and lessons learned  in this new survey on transforming product design to develop smart products. The survey explores challenges you should be aware of, the impacts of those challenges, and how to avoid them. We will explore questions such as: What strategies should you consider when developing connected products? What challenges should you be aware of when designing the PCB? How do you overcome electrical wiring challenges? We would like to learn what you find hard … [ read more ]

    Transforming Product Design for Today’s Smart Products (survey invite)
  • Jim Brown joins Autodesk's Michael Vesperman during this Engineering Live panel discussion moderated by Janine Mooney, Editor in Chief at Advantage Business Media. Jim and Michael share insights from recent survey results and customer experience in an interactive discussion on NPDI.  They share NPD best practices and technology including 7 things that Top Performers in NPDI do differently than the rest. Register for the May 17 event now! … [ read more ]

    Beating the Competition with New Product Development and Introduction (webcast)
  • The Design Data Management Maturity Improves Profitability, Analyzing Best Practices for Managing Designs report shares fresh survey data and interviews. It updates our design data management research to cover new trends like using cloud file sharing applications to manage data. It also drills down on the topics of complexity and non-value added time spent managing design data, and shares metrics on the business improvements available from design data management best practices and technologies. Please enjoy the summary below, or click the report or title to download the full PDF (free of charge, no … [ read more ]

    Design Data Management Maturity Improves Profitability (survey report)

How to Empower R&D and Engineering Teams to Innovate with New Materials

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Materials InnovationHow to Empower R&D and Engineering Teams to Innovate with New Materials: Secrets to Growing Revenue and Increasing Profit Margins identifies six lessons to help companies innovate to secure future revenue streams, while managing risk. The study examines how new materials can help  companies innovate and how more successful companies take advantage of the latest developments in materials.  

Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required).

For the full report please visit our sponsor, Elsevier (free of charge, registration required).

Table of Contents

  • Executive Overview
  • Business Drivers for Innovation
  • Identifying the Top Performers
  • Lesson #1: Understand the Opportunities in New Materials
  • Lesson #2: Consider How To Balance Different Levels Of Innovation
  • Lesson #3: Implement the Right Innovation Strategies
  • Lesson #4: Prioritize Resources and Processes That Help Accelerate Discovery and Commercialization
  • Lesson #5: Successfully Transition From Concept to Manufacture at Scale By Looking at the Entire System
  • Conclusion
  • Recommendations
  • About the Author
  • About the Research

Executive Overview

It is not easy competing in today’s market. Companies today must stand out from a field of global competitors. Plus crowdfunding options such as Kickstarter have lowered the barrier to entry for new startups with innovative offerings. Companies who stay with the status quo will find it increasingly difficult to compete in this market.

Innovation is key to developing future revenue streams. Yet, there is a certain amount of risk when investing in new ideas. How do leading companies manage risks around innovating? How do they empower their teams? How do they optimize their ideas for innovation? What are the risks of staying with the status quo?

To answer these questions Tech-Clarity surveyed heads of R&D and engineering, scientists and engineers from 318 companies. Survey respondents were located around the globe and represented companies ranging from under $100 million to over $5 billion. Companies came from a variety of industries including automotive, chemicals, electronics, industrial equipment, and aerospace and defense.

Tech-Clarity identified Top Performing companies to understand which practices lead to success. More successful companies look beyond their products and local expertise to expand their sources of innovation. In fact, leading companies are 66% more likely than their lesser performing competitors to empower their teams with access to the latest academic research. They also invest in technology that will help their teams tap into resources that support the discovery and use of new materials and applications. While the discovery and commercialization processes are critical to bring the right innovations to market, new innovations must also transition from concept to manufacture at scale. Top Performers look at the entire system to successfully make this transition.

While there is a common view that too much focus on break-through innovation means sacrificing short-term results, the research finds that leading companies balance their innovation portfolios with different levels of innovation, putting more emphasis on break-through and major innovations than their lesser performing competitors. The combination of this and other findings enables Top Performing companies to experience 2.1 times the revenue growth of their lessor performing competitors. This paper identifies six lessons companies can learn from Top Performing companies and apply to their own businesses to help them realize similar success.

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