You will have the option to save, print, and share the results in the Tech-Clarity Assessment Center.Take the online assessment here.Get more information about digital transformation and Siemens Cloud Solutions from our sponsor, Siemens Digital Industries Software.
[post_title] => Are You Ready for Cloud PLM? (online assessment)
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[post_content] => How does your company stack up in its ability to monitor and optimize equipment performance using the IoT? Answer a few questions in our IoT Machine Monitoring Assessment and you’ll get a customized report that:
Compares your capabilities to Top Performing companies
Offers tailored recommendations to improve performance
The assessment leverages our survey data to help you benchmark and improve ability to monitor and optimize machines in our Five Pillars of Machine Monitoring:
Strategy and Organization
Connect and Communicate with Equipment
Monitor and Analyze
Notify and Act
Technology Platform
You will also have the option to save, print, and share the results in the Tech-Clarity Assessment Center.Take the IoT Machine Monitoring Assessment
You can also learn more about machine monitoring and optimization and find how to get started by visiting our sponsor, Siemens MindSphere®.
[post_title] => Benchmark Your IoT Machine Monitoring Capability (Performance Assessment)
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[post_date] => 2021-01-14 21:30:20
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[post_content] => Semiconductor innovation is multi-faceted; can lifecycle management improve product and thus business success?This on-demand webinar features Julie Fraser sharing Top Performers’ best practices for digital continuity based on her new semiconductor industry research. Semiconductor companies are great at technical innovation, but many do not have all the capabilities they need for product profitability. The webcast shares insights from a survey of over 275 respondents from semiconductor companies and those who design semiconductors into their smart products. These are highlights of the upcoming research report, Semiconductor Innovation for Profitability: A Lifecycle Approach for Smart Products and Devices.Fraser will present highlights of the research:
Challenges for profitability
What Top Performers are doing to succeed
Key process capabilities to improve
Technology supports for digital continuity
Learn what’s working from this groundbreaking research. Plus, Siemens VP of Electronics and Semiconductor Industry Alan Porter puts it all in the context of industry trends and imperatives. Register to gain these insights in a thought-provoking, data-backed webcast. Sponsored by Siemens.
[post_title] => Semiconductor Innovation for Profitability (webcast)
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[post_date] => 2021-01-12 08:30:04
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[post_content] => How can design engineers improve confidence in simulation results? Can cloud-based simulation help?Watch Michelle Boucher as she shares best practices from her research to explain how design engineers can get even more value from simulation. Simulation can be a powerful design tool by providing engineers with design guidance. However, some are concerned they lack the knowledge and background to use CAE. Consequently, they are hesitant to try it. Hear how better collaboration and a cloud platform can help address this challenge.Register and watch the Dassault Systèmes SIMULIAepisode 3 of SIMULATION TALKS: Addressing Cloud-Based Simulation for Better Engineeringhere.For more information on this topic, check out the related eBook here.
[post_title] => Cloud-Based Simulation for Better Engineering
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[post_date] => 2020-12-21 12:44:34
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[post_content] => How can design engineers get even more value from simulation? What is the most effective way to aid design engineers in their ability to create more competitive products?
Our new eBook, How to Survive and Win New Markets by Getting Even More Value from Simulation explores these questions. Today’s challenging economic times, worsened by COVID-19, mean companies will need to work even harder to win over customers with products that stand out in the global economy. Therefore, engineers must make the right decisions as they create increasingly complex products. However, Tech-Clarity’s research finds that unfortunately, 44% of manufacturers find these crucial decisions are becoming even harder. Many rely on personal experience and guesswork, but is there a better way?
Based on a survey of 272 manufacturers, this research study examines best practices that allow engineers to make more informed design decisions, while overcoming the limitations of traditional engineering infrastructure and the role that CAE tools can play.
Please enjoy the summary* below. For the full research, please visit our sponsor Dassault Systemes SOLIDWORKS (registration required).
Table of Contents
Executive Summary
Start with Your Customer
But Design Decisions Have Gotten Harder
What Makes Design Decisions Easier
Solving Problems
Identifying Best Practices
Making Simulation Accessible to Design Engineers
Using Simulation in the Cloud
Cloud Computing
How Faster Results Translates to Business Value
Accessing Required Data to Support Simulation
The Value of an Integrated Platform
Conclusions
Recommendations
About the Research
Acknowledgments
Executive Summary
Designing in a Modern Era
As products become more complex, engineering decisions are getting harder. The good news is that there is help. Respondents report that both experience and better software tools help. In fact, 74% of Top Performing companies empower their design engineers with simulation tools. The research explored best practices for supporting design engineers to adopt simulation.
Getting More Value from Simulation
While simulation offers many advantages, there are opportunities to get even more value. Often, it is the lack of knowledge that holds them back. This is likely why 83% of Top Performers say that if design engineers could collaborate more easily with a simulation expert, it would help them.
Better Collaboration
The majority of respondents, 54%, agreed that the best way to enable collaboration between analysts and design engineers is to send a link to collaborate on a model in real-time. A cloud platform is a way to allow this, which is probably a contributor to why Top Performing companies are 3.9 times more likely to use cloud software, including for simulation.
While better collaboration is a powerful benefit, the leading advantage of those using simulation in the cloud, reported by 71%, is the additional computing power and faster results. Top Performers would use this extra time to complete design work faster, innovate more, and conduct additional simulations. The research also finds that those using simulation in the cloud report more benefits than anticipated by those who don't use it. This indicates that once you start using simulation in the cloud, it will likely help you in ways that you may not expect.
Easy Access to Needed Data
Another way to support design engineers is to make sure they have access to the required data to support simulations. The research finds that Top Performing companies are 63% more likely than Others to agree that the cloud is the ideal way to manage the different data types needed for simulation. Incidentally, those using the cloud for simulation are more likely to manage material data, best practices, test data, past simulations, and real-world performance data. Respondents identified all of these as data types that should be managed.
An Integrated Platform
The cloud is also a way of supporting an integrated platform. Companies reported many benefits of an integrated platform. Interestingly, the more complex the product, the more likely respondents were to report more benefits. Easier collaboration between design engineers and analysts, better traceability, more flexible licensing, ease of sharing and controlling access to results, and access to multiple physics were among the most commonly reported benefits.
Recommendations
Recommendations and Next Steps
Based on industry experience and research for this report, Tech-Clarity offers the following recommendations:
Empower design engineers to use simulation. Cloud simulation offers many advantages that can make that easier.
To support design engineers, facilitate easy and secure collaboration methods for them to connect with analysts. A cloud platform can support collaboration by merely sending a link to the model for real-time collaboration.
Accelerate the time to get simulation results with cloud computing.
Ensure design engineers have easy access to the needed data to support their simulations. Given the variety of different sources of data required to support simulation, the cloud is especially well suited to provide a single access point for the different data types.
Consider an integrated platform to support simulation. Sudden market changes or supply chain disruptions can require significant changes to requirements. The traceability of an integrated platform to identify impacts, simulate new options, and update the design can be an invaluable way to adapt without hurting time to market.
*This summary is an abbreviated version of the ebook and does not contain the full content. For thefull research, please visit our sponsor Dassault Systemes SOLIDWORKS (registration required).If you have difficulty obtaining a copy of the research, pleasecontact us.
[post_title] => How to Survive and Win New Markets by Getting Even More Value from Simulation
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[post_content] => How can manufacturers innovate through today's global industry disruption and set themselves up for success as things settle into a new normal? Hear from Kichler Lighting’sMehul Gala, Tech-Clarity’s Jim Brown, and Onshape’sDave Corcoran. They’ll share their perspectives on how companies are adapting to the new reality and preparing for the future by:
Enabling remote work
Eliminating “wasted-time”
Reducing design cycles
Improving efficiency
Preparing for “what’s next” by becoming more resilient and flexible
Register today to watch the webcast, sponsored by Onshape.
Presenters:
[post_title] => Product Innovation in the new Normal (webcast)
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[post_content] => What did leading engineering software industry analysts think of the first virtual Autodesk University? What are their key takeaways from AU2020? Hear the discussion with Lifecycle Insights Chad Jackson, CIMdata’s Stan Przybylinksi, and Tech-Clarity's Jim Brown led by Taxal’s Allan Behrens.
[embed]http://https://youtu.be/QzrfC-P3gs0[/embed]
[post_title] => Analyst Perspectives on Autodesk University 2020
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[post_date] => 2020-11-27 10:00:39
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[post_content] => Have procurement organizations re-focused digital transformation investments due to COVID-19?
Yes. Priorities are radically different, as the research shows behind Roadmap - COVID-19 and Digital Transformation: Unique Research Into Investment Priorities. What has changed is that companies are more focused on creating abilities to work remotely, connect, see, and analyze what’s going on in supply. They are less likely to focus on backward-facing performance metrics since historical patterns no longer apply.
This article is based on primary research into what procurement projects companies have accelerated or postponed due to COVID-19. It is a detailed look at where companies are investing and not right now.
It also explores whether these changes are likely to remain in place. Tech-Clarity’s Julie Fraser is quoted on page 9, predicting this is a new normal. “Business processes, such as forecasting and inventory planning, which relied on data feeds from backwards-looking systems, are no longer quite as important. History is far less relevant now. Instead, it makes sound sense to invest in projects that provide a competitive edge, to help procurement organisations deal with this new normal.”
We are pleased to contribute to this fascinating look at COVID-19 and Digital Transformation in procurement. The research was sponsored by Amazon Business UK, and the article written by Malcolm Wheatley.
To download the full article, please visit Procurement Leaders (registration required).
[post_title] => Roadmap: COVID-19 and Digital Transformation in Procurement Leaders (article)
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[post_date] => 2020-11-16 11:56:19
[post_date_gmt] => 2020-11-16 16:56:19
[post_content] => How do companies improve profitability by monitoring, analyzing, and optimizing equipment via the Industrial IoT? How has the COVID-19 pandemic impacted their plans? See what our survey of over 200 companies that manufacture, operate, service, sell, distribute, install, and/or integrate equipment finds about how the leaders operate in Tech-Clarity’s Pillars of Machine Monitoring and Optimization.
Please enjoy the summary* below. Please visit our sponsor Siemens MindSphere® for the full research (registration required).
Learn more about machine monitoring and optimization and find how to get started by visiting our sponsor, Siemens MindSphere®.
Table of Contents
Strategies
Benefits
Monitoring and Optimization is Transformational
Challenges
Impacts of COVID-19
How Can Companies Improve Performance?
Pillar 1: Strategy and Organization
Pillar 2: Connect and Communicate
Pillar 3: Monitor and Analyze - Prepare Data
Pillar 3: Monitor and Analyze - Analyze Data
Pillar 4: Notify and Act
Pillar 5: Enabling Technology - Systems
Pillar 5: Enabling Technology - Integration
Key Findings and Conclusions
About the Research
Acknowledgments
Monitoring and Optimization is Transformational
Machine Monitoring Benefits are Strategic
Beyond direct benefits, monitoring equipment via the industrial IoT is the foundation for greater business impact. Most survey takers report that their equipment monitoring strategy is part of one or more broader corporate initiatives. Machine monitoring and optimization supports a variety of important business initiatives including digital transformation, smart manufacturing, and service transformation. It can also help fuel continuous improvement programs such as Six Sigma, as reported by one-half of surveyed companies. Very
few, only 2%, are pursuing it as a standalone strategy.
IoT Machine Monitoring is EssentialMachine monitoring and optimization drives success by fueling digital transformation. A recent, but separate, Tech-Clarity survey shows that more than one-half of manufacturers say digital transformation is “important” if not “critical” to achieving their business strategy. This is particularly true in these challenging times. As evidence, another study finds that the vast majority of companies have either increased their focus and/or accelerated their digital transformation efforts or at least maintained their current level of focus. Machine monitoring is much more than a tactical, operational initiative; it lays the structure for much broader digitalization.
Key Findings and Conclusions
Companies are Actively Pursuing Machine Monitoring
Over three-quarters (84%) of surveyed companies are pursuing machine monitoring and optimization, and another 13% plan to. Most companies are pursuing it as a part of a larger digital transformation, smart manufacturing, or service transformation initiative; as continuous improvement; or a combination of these.
Machine Monitoring and Optimization Drives Benefits
Companies are pursuing – and achieving – business goals by implementing machine monitoring and optimization. Initiatives to monitor and improve equipment are resulting in improved profitability in the vast majority of companies.
Top Performers Gain More Value from their Approaches
Over one-half (54%) of Top Performers, those that are executing better at our pillars of machine monitoring, report they have significantly improved profitability. These leaders are leveraging best practices and technologies to support machine monitoring and optimization. They are:
Almost twice as likely to have an executive responsible for their strategy
More likely to combine machine data with enterprise systems, engineering data, and environmental data in addition to operational systems
Twice as likely to use prescriptive methods to act on data (although it’s still an emerging practice and only a small percentage have adopted this)
50% more likely to initiate actions by notifying operators with push notification in job-specific apps, and 75% more likely to be able to act on information in near real-time
To support this, they are about two-thirds more likely to have fully integrated systems, twice as likely to have a single suite of solutions, and much more likely to leverage an Industrial IoT solution.
The bottom line? Companies that follow best practices across the Pillars of Machine Monitoring and Optimization are more likely to significantly improve their company profitability.
*This summary is an abbreviated version of the research and does not contain the full content. For the full research, please visit our sponsor Siemens MindSphere®.
If you have difficulty obtaining a copy of the research, please contact us.
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[post_content] => How can manufacturers maximize value from their digital transformation efforts in 2021? In these uncertain times, it matters. There are some basics to leveraging Industry 4.0 trends. Success may be closer to your grasp than you realize.
This live webinar has passed, but please click here to watch it free, on-demand. Find out where trends are taking us and hear examples of how other manufacturers are already gaining benefits:
Agility and flexibility: Can you handle uncertainty and respond as the market changes? This is at the heart of Industry 4.0. It's also crucial to navigating the effects of COVID-19.
Build from a strong foundation: Will your new technology projects fail? Discover why they are doomed unless you have strong enterprise systems as underpinning.
Smooth data flows: Do your people always have a clear source of the truth? Why master data management is essential to speed and agility of response.
New business models: Can your company stay profitable and competitive in 2021? How manufacturers can move toward added-value services, improving sustainability, and new channels to market.
Watch the webinar replay now to hear shared perspectives from Julie Fraser, VP Research, Operations and Manufacturing for Tech-Clarity, and Mike Stein, Product Manager, Sage X3, as they discuss Industry 4.0 trends for 2021 (registration required). The session includes data, examples, and interaction.
[post_title] => How to Benefit from Industry 4.0 Trends in 2021 (webcast)
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[post_content] => How much does poor collaboration cost your company?
Tech-Clarity’s eBook, What’s the Cost of Poor Collaboration? examines this topic for product development, sharing survey results from 155 manufacturers. Collaboration impacts every part of product development, and products cannot be developed or brought to market without it. While collaboration can be abstract and hard to measure, it's impact can be significant, especially when it is poor. The research reveals how it impacts your product design and development processes. It also identifies six areas of opportunity for collaboration improvements that can boost product profitability for your company.
Please enjoy the summary* below. For the full research, please visit our sponsor, Dassault Systèmes SOLIDWORKS (registration required).
5. Connect Engineers and Simulation Analysts throughout the Design Process
6. Support Market Validation with Improved Customer Collaboration
Recommendations
About the Research
Acknowledgments
Executive Summary
Collaboration Impacts Engineering Efficiency
Survey results show that engineering efficiency is the top goal for product development success. Effective collaboration is critical for improving efficiency, yet many companies struggle with it, while others don't recognize the underlying connection between the two.
While poor collaboration is not a new problem, its cost has never been higher. Today's complex products and
the ecosystems we develop them in have raised collaboration needs so much, 40% of engineering time is now directly impacted by their ability to work together. With this much time affected, poor collaboration can cost companies significantly. While many companies struggle with steep competition, shrinking margins, and uncertain economic times, this is a risk few can afford.
Poor Collaboration has a Business Cost
Unfortunately, poor collaboration is so common, engineers report they work with outdated data 28% of the time. This results in more rework, delays, and errors. These negative business impacts mean lower-quality products, higher costs, missed deadlines, and delays in time to market.
In fact, what has traditionally worked in the past is no longer enough to stay competitive in today's market. An overwhelming 93% of companies report they need to improve collaboration with different groups. On average, engineers say they collaborate with 21 people on simple products and 35 for more complex products. Collaborators include other engineers, manufacturing, suppliers, customers, product managers, and more. On top of all the other design responsibilities, that's a lot of people to manage, work to keep track of, and risk for errors, without helpful solutions in place. No wonder the cost of poor collaboration is so high!
New Opportunities for Solutions
Many companies just live with their collaboration challenges, but as collaboration needs increase, these problems become harder and harder to ignore. As new technologies, such as the cloud and innovation platforms, break down silos and collaboration barriers, companies can benefit from new approaches to solve these challenges. Those who do should gain a competitive advantage.
Recommendations
Next Steps
Based on industry experience and research for this report, Tech-Clarity offers the following recommendations:
Understand the true cost of poor collaboration on both engineers and the entire company.
Invest in collaboration improvements to increase engineering efficiency.
Recognize the significance of collaboration requirements on engineers from the number of people involved, different departments, and processes impacted.
Do not overlook the importance of engineering collaboration with non-CAD users.
Ensure excellent collaboration between engineering and manufacturing to overcome knowledge gaps and support seamless hand-offs.
Support effective collaboration between design engineers and simulation analysts to empower engineers to catch problems and design more competitive products.
Incorporate customer collaboration into product development processes to support ongoing market validation and reduce the risk around market uncertainty.
Consider modern technologies, such as cloud and an innovation platform, to support and enable better collaboration processes.
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full report is available here. If you have difficulty obtaining a copy of the report, please contact us.
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What happens when automation and plant IT teams get past their differences and work together effectively? A chance for the company to outperform the competition and make progress on Industry 4.0 projects, based on more coherent manufacturing data management. In our recent research, Top Performers were more likely to have tightly connected IT and automation or operations technology (OT) organizations. This article provides highlights of the recent research, The Manufacturing Data Challenge: Lessons from Top Performers. The article touches on investments, integration, and where Top Performers really outshine others in people, process, and technology.Please visit Automation World to read the article.Please visit our sponsor, Critical Manufacturing, for the full research (registration required).
[post_title] => The Challenge of Manufacturing Data Management (article)
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[post_content] => What should your company consider when transitioning to the cloud for innovation and engineering? Our new infographic identifies key considerations ranging from strategy through adoption.
See the infographics for some important factors related to strategy, functionality, governance, existing solutions, and your transition.
You can also learn more about cloud solutions from Siemens Digital Industries Software, our sponsor or view our video series sharing insights from our research and interviews including: Digital Transformation Progress with Bob Jones, Cloud Progress Report with Bill Boswell, and Siemens Digital Transformation Progress with Brenda Discher.
[post_title] => Cloud Readiness (infographic)
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[post_content] => What do manufacturers need to do to succeed and get results from their Industry 4.0 efforts? In this webcast, Julie Fraser revealed a few significant findings of research of over 300 companies on the topic of manufacturing data management. It’s a multi-faceted challenge in which people, processes, and technology all matter. This webcast explains the new Tech-Clarity research report’s findings, The Manufacturing Data Challenge: Lessons from Top Performers. Attend to learn what Top Performers are doing differently than others to improve dramatically on both operational and business key performance indicators (KPIs).Register now to hear about this ground-breaking research, sponsored by Critical Manufacturing (registration required).
[post_title] => Meeting the Manufacturing Data Management Challenge (webcast)
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[post_content] => How do companies make progress toward Industry 4.0? Based on our research, those who invest in people, processes, and technology for manufacturing data management have made more strides in Industry 4.0. Manufacturing Data Management: Lessons from Top Performers explores the many challenges of bringing together all the data production facilities need.
Please enjoy the summary* below. For the full research, please visit our sponsor Critical Manufacturing (registration required).
Table of Contents
Vision for Business Breakthroughs
Keys to Industry 4.0 Success
Manufacturing Data Management Activity
Vertical Integration
Challenges in the Current State
Defining Plant Operations Success
Top Performers Make Progress
Organizational Issues
Staffing for Manufacturing Data Programs
Viewpoints on Skills
Manufacturing Data Management Initiatives
What Does It Take?
Technology: Feeding Success?
Manufacturing Data Approaches
Business Impact
Conclusions
Recommendations
About the Research
Acknowledgments
Executive Overview
Prioritizing Manufacturing Data ManagementWhat have manufacturers been struggling with for years that Industry 4.0 insists they solve now? Manufacturing data management. Combining data from information technology (IT) and operations technology (OT) is essential to analysis and insights. Thus, coherent and consistent plant data is a foundation for achieving the agility and business value companies want. Yet it is anything but straightforward. And it’s not the only thing companies need to meet the challenge of manufacturing data. Research RevealsThis research aims to learn about current challenges, strategies, and programs for manufacturing data management. Over 300 responded, from manufacturers in various industry segments and of all sizes, working with data from plants in every corner of the world. We uncovered a significant and nearly universal outstanding need: better ways to integrate IT and OT data. We also discovered that there are paths that appear to lead to greater success for those who travel them most aggressively. Top Performers have made mindset, organization, and staffing changes. They are also far more likely to be using commercial software solutions and adopting modern approaches to accelerate their ability to manage manufacturing data effectively. As a result, a larger percentage of these Top Performers have already made dramatic improvements in business performance. They are in a position to make more gains.
Vision for Business Breakthroughs
The Status Quo is Risky
Many companies are now pursuing digital transformation for a new and dramatically different future. With tremendous amounts of data at every level, but especially in production plants, manufacturers know they must do a better job using that data for business decisions. And manufacturing data poses special issues.
Most Are on a Path to Industry 4.0
This vision of manufacturing transformation based on digital approaches is often called Industry 4.0. Most manufacturers in every industry and size range indicate that they have multiple Industry 4.0 projects underway.
Traditional and Innovative Goals
The goals are for agility and performance improvements on business-critical key performance indicators (KPIs). Some companies are also running a data-driven business to make more revenue from services or find other ways to add value.
Recommendations for Manufacturing Data Management
The Path Forward
Manufacturers must take action to compete with or stay a Top Performer. Formulating a clear strategy with business benefits for Industry 4.0 is a foundation. We recommend that manufacturers follow the lead of Top Performers:
Prioritize manufacturing data management and invest in both the staffing and the programs to succeed.
Adopt proven commercial technologies such as MES, PLM, and APS where possible first. They will free up precious time and resources and provide a solid foundation for advanced approaches and analytics.
Structure a program with projects that feed business needs, then proceed logically, in order of the process. For example, ensure data collection and enrichment are in place before investing in analytics projects.
Create an environment where collaboration among disciplines feels natural, and the shared vision is more compelling than the inherent differences.
It's The Beginning of a Long JourneyEven for Top Performers, challenges remain. These include data and systems integration, putting IT and OT data into a common context, agreeing on "sources of truth," and identifying data owners.
Note also that this is early days for coherent manufacturing data management. Yes, several times as many of the Top Performers have a program, staff members, capabilities, or dramatic gains on KPIs. Yet they are still only a minority.
There is more to do for every manufacturer. Faster decisions have always made a difference. However, doing things as we've done them may no longer suffice.
Seek New Approaches to Manufacturing Data Management
So, beyond doing what has been possible, we also encourage companies to seek new approaches. Solution providers are advancing their offerings. Some have integrated more functionality into plant systems. New offerings are becoming available to support manufacturing data management now and in the near future.
Be ready to explore new approaches. Validate their fit and ability to help meet your manufacturing data management challenges. Leverage both new and existing technologies and approaches to progress toward your Industry 4.0 vision.
*This summary is an abbreviated version of the research and does not contain the full content. For the full research, please visit our sponsor Critical Manufacturing (registration required).
If you have difficulty obtaining a copy of the research, please contact us.
[post_title] => The Manufacturing Data Challenge (survey results)
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[post_content] => Are mobile devices ready for CAD? Is CAD ready for mobile devices? When should you consider use cases for CAD on a tablet?
CAD tools have evolved significantly over the last several decades, which has coincided with several platform shifts. With the advancements in tablets combined with evolutions in CAD, we may be at the dawn of the latest shift. Together, CAD on a tablet can offer many benefits. The combination can expand the use of CAD with greater accessibility and flexibility, improved productivity, and better customer service. This blog post discusses why that is and reveals several examples of how CAD on a tablet can benefit a company, especially smaller companies and start-ups.
Read the full guest post on the Shapr3D blog.
[post_title] => How does CAD on mobile devices help?
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[post_content] => How are companies adjusting their strategies to survive COVID-19 disruption without losing sight of long-term business sustainability? Read our survey of over 190 companies to find out how they are prioritizing limited resources to maintain focus on success factors including:
Addressing changing business models
Adopting new technology
Protecting the environment
Please enjoy the summary* below. Click here for the full report, thank you to our sponsor Dassault Systemes (registration required).
You can also read our 2019 research, Executive Strategies for Long Term Business Success, shared that sustained business viability was already at risk from disruption. The study found that companies must adapt to shifts in business models, technology, the environment, and socio-economic factors to remain competitive. The global disruption from COVID-19 has added to the risk.
Table of Contents
Global Disruptions Compound Business Risk
Disruption Impacts Company Strategies
Strategies Understandably Reflect Disconnects
COVID has Multi-Faceted Impacts
Recognizing What's Important to Long-Term Success
Factors Influencing Strategy are Relatively Consistent
Companies Simply Can't Do Everything
Business Transformation Leads Sustainability Needs
Workforce Development Importance Has Increased
Conclusions and Next Steps
About the Research
Acknowledgments
Global Disruptions Compound Business Risk
Recognizing Turbulent Times
In 2019, we asked, “How has business risk and disruption increased for your market over the last five years?” About three- quarters of companies shared that risk and disruption increased, and a full one-half of companies with over 10,000 employees said that it had grown “significantly.” Market disruption is the status quo, as only 4% said that market upheaval had decreased.
Seeing Beyond the Crisis
Now, many companies that were already fighting for their
competitive position in a rapidly changing world are facing
their own viability. The economic fallout from the global
pandemic will undoubtedly alter the world marketplace dramatically. Despite the crisis, however, companies still recognize the need to focus on long-term business sustainability.
Taking Perspective on Global Disruption
Global challenges, and currently COVID-19 in particular, have significant personal and professional impacts.
While we continue to hear that this is an “unprecedented” time, periodic global disruptions are the norm. This survey investigates the impact of global disruptions on business strategy. Most respondents were likely responding with the current pandemic in mind, but disruption could also apply to other world events such as earthquakes, tsunamis, volcanic activity, hurricanes, and human- created events like terrorism or armed
conflict.
As we’ll see, the impacts of the global disruption caused by COVID-19 aren’t the only risks companies face. Current survey results show that the overall sentiment about business risk and disruption has stayed much the same into 2020. While addressing the impacts of the pandemic are urgent, other challenges have not subsided.
Business Transformation Leads Sustainability Needs
Being Aware that Economics are Still the Largest Drivers of Success
Let’s drill down into some details on the economic, environmental, and social sustainability factors that impact long- term success. In the prior study, we asked, “How important are the following environmental, economic, and social sustainability factors to the long-term success and profitability of your company?” We identified that economic viability is priority one. “Ensuring business longevity with the right business model” is still the top priority, and significantly increased in criticality. Our recent observations show that companies see business model transformation as a way to survive or thrive in their new reality.
Considering Other Important Sustainability Factors
Likewise, “complying with government regulations” is still in the same second priority ranking, and has also grown in criticality. The importance of constrained / diminishing resources has increased as well. On the other hand, companies view that the criticality of maintaining a green corporate image, reducing the company’s direct environmental impact, and improving the company’s social impact have diminished in importance to long- term success. Although companies don’t feel they can currently prioritize sustainability, we believe the focus will return after companies and their customers exit crisis management mode.
Planning a Path to Achieve Important Goals
The focus on the global disruption may have companies in “survival mode,” but sustainability is still important. Recent discussions show that some companies want more regulation to help drive sustainability. They believe that regulation is the only way for them to be pushed, and that governmental rules are more likely to impact the supply chain and level the playing field so they can do the right thing instead of being undercut by somebody that doesn’t care or practices greenwashing.
Conclusions and Next Steps
Companies are in Crisis due to COVID
The current economic and market impacts of COVID-19 have forced many companies into survival mode. The majority of companies (56%) say that responding to the global disruption puts challenges on their ability to execute on essential corporate initiatives. This creates disconnects between what they view as critical to long-term business success and their current priorities.
Accelerating Digital Transformation and Maintaining Innovation
Almost one-half of businesses (46%) have increased focus and/or accelerated digital transformation due to the pandemic. Digitalization is an important pillar of long-term business success that can help companies survive the current disruption and become more resilient for the future. Product and service innovation is also gaining or at least holding its ground. Innovation is a crucial way companies can pivot and adapt to changing markets, needs, and resources.
Putting Lower Priority on Workforce Development and Environmental / Social Sustainability
The research shows that companies are not placing as much priority or attention on other pillars, including workforce development and environmental and social sustainability. The responses do show, however, that they understand the long-term importance of these factors.
Maintaining Focus on Long-Term Success
Just over three-quarters of companies report that addressing global disruption is a high priority. While addressing the current global crisis is the obvious concern, companies must return their focus on all of the critical areas of business sustainability quickly. Despite short-term disruption, they must continue to build for the future if they want to remain viable.
*This summary is an abbreviated version of the research and does not contain the full content. For the full research, please visit our sponsor Dassault Systemes (registration required).
If you have difficulty obtaining a copy of the research, please contact us.
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[post_content] => What software capabilities will help you improve how you integrate mechanical, electronics, and electrical designs?
Tech-Clarity’s buyer’s guide, How to Select the Ideal Solution for Today’s Smart Products: Buyer’s Guide for Electrical Design, explores this question. As companies strive to make modern products smarter, innovative and more affordable, the integration of mechanical, electrical and electronic systems has become critical. Unfortunately mechanical and electrical engineers speak different languages, use separate tools, follow different design approaches and have inherent knowledge silos. Companies that have solutions to overcome these challenges will have a significant advantage in the global economy.
Please enjoy the summary* below. Please visit our sponsor, Siemens, for the full research (registration required).
Table of Contents
Executive Overview
The Growing Importance of Electrical Design in Product Development
Address the Challenges of Electrical Design
Define the Electrical Distribution System
Engineer Wiring and Harness Design in the Context of the Complete Product
Plan Electrical Routing
Prepare for Manufacturing
Service Requirements
Vendor Requirements
Identify Unique Company Needs
Conclusion
Recommendations
About the Author
Acknowledgments
Executive Overview
Today’s modern products are rarely purely mechanical. Companies rely on electrical and electronic systems more than ever to make products smarter, add innovation, and lower cost. As such, electrical design has become increasingly critical to product development. However, to be successful, mechanical and electrical designs must seamlessly integrate. The problem is that mechanical and electrical engineers speak different languages, use separate tools, and follow unique development approaches.
To make matters worse, there are inherent knowledge silos across the two domains. Ignoring these challenges and not finding solutions to break down barriers and bring the teams closer can come at a significant cost to the company. Tech-Clarity research [1] finds collaboration challenges results in:
Higher cost
Market delays
Missed customer expectations
Lost revenue opportunities
Poor quality
Companies who can successfully navigate the challenges and put the right solutions in place will have a significant advantage.
A Complete Digital Model
One approach is to develop a complete digital model of the product, including all mechanical and electrical components of the design. For many companies, this can be a first step for developing a digital twin of their products. A way to achieve it is to use an integrated product development platform that supports the entire product development process.
The Right Solution
However, this approach will not be successful for today’s modern products without the right capabilities to support electrical design. With the right electrical design solution, engineers can save time, avoid errors, and spend more time innovating.
About This Guide
This buyer’s guide explores the capabilities needed in a complete electrical design solution. It consists of four major sections covering software tool functionality, service requirements, vendor attributes, and unique company considerations for a complete solution to support electrical design, especially in the context of developing the entire product (Figure 1). Each section includes a checklist of key requirements to consider when selecting a solution.
This guide is not an all-encompassing requirements list. It provides a high-level overview. PCB Design is also an important component of electrical and electronic systems design, but for the purposes of this guide, it was considered out of scope. For more information on a complete integrated product development suite beyond electrical design, read the Tech-Clarity report, “Buyer’s Guide for Engineers: How to Select Essential Tools for Product Design.”
Recommendations
Based on industry experience and research for this report, Tech-Clarity offers the following recommendations:
Create a digital thread across your development process with an end-to-end integrated product development suite that includes electrical design.
Consider solutions that support defining the electrical distribution system, wiring and harness design, electrical routing, and preparing for manufacturing.
Support collaboration across mechanical and electrical engineers. Wiring and harness design should be done in the context of the entire product and exchanging ECAD / MCAD data should be automated.
Ensure you have traceability and changes automatically update across the entire product, including the electrical design.
Use an electrical design solution that will support the development of a single high-fidelity model to support your digitalization strategy and create a single source of truth.
Ensure your solution will have the support behind it to make it a success at your company.
Select a vendor who will be a good partner.
[1] Michelle Boucher, Transformational Product Design: How to Achieve Success Designing Smarter Products, Tech-Clarity.
*This summary is an abbreviated version of the ebook and does not contain the full content. Please visit our sponsor, Siemens, for the full research(registration required).If you have difficulty obtaining a copy of the research, pleasecontact us.
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What does effective storytelling have to do with succeeding with Industry 4.0? Plenty.
With the right narrative by level and function, the whole company can engage with Industry 4.0 strategy. At that point, everyone, whether top-level management or shop-floor workers, can buy-in. Once they do, they can participate effectively in setting the standards required to make Industry 4.0 a reality. The trick: the entire strategy must be clear, including benefits for the company and each group and individual. Julie Fraser contributes her views on why a complete strategy is essential for succeeding with Industry 4.0 in this Manufacturing Automation article.
The title reference is to the story of the blind men and the elephant. Each person gets a different notion of what the elephant is, based on what they can touch (imagine feeling tail, ear, trunk, etc.). They think they "Get it." Yet none are in a position to grasp the power of the entire animal. This misleading view is similar to employees' piecemeal understanding when a company undertakes Industry 4.0 projects without clearly articulating an overall strategy.
Read the article to learn more about how comprehensive strategy can feed Industry 4.0 success. Learn the steps for setting a comprehensive strategy, sharing it as a compelling story, and how that feeds the improvement companies seek.
Related content: Why Strategy Matters to Industry 4.0 Success, eBook published in June 2020, sponsored by Critical Manufacturing.
[post_title] => Succeeding with Industry 4.0: Understanding the Whole Elephant (article)
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[post_content] => How can schools best prepare today's STEM students to close the engineering skills gap so that new graduates are ready for the real world?
Tech-Clarity’s research report, “How Academia Can Close the Engineering Skills Gap in the Age of Digitalization” explores this question. This research shares a global perspective on what colleges and universities are doing to develop the engineering talent needed in the age of digitalization. It also examines the impact COVID-19 has had on instructions and offers lessons learned that can be used to improve the educational experience in the Fall, as well as in the future.
Please enjoy the summary* below. For the full research, please visit our sponsor, Siemens (registration required).
Table of Contents
Executive Summary
Meet Industry Needs
Embrace Digitalization
Prepare for the New Corporate Culture
Opportunities for Improvement
Adapt to the Needs of the 2020s
1. Offer Long Term, Realistic Projects
2. Reshape the Curriculum
3. Leverage Software
4. Enhance Learning with Digital Twins
5. Enrich Learning with Technology
6. Develop Collaboration Skills
7. Prepare for Cross-Functional Horizontal Teams
8. Build Resumes and Offer Career Insight
9. Partner with Industry for Technology Thought Leadership
Conclusions
Recommendations
Acknowledgments
Executive Summary
Requirements for New Engineers
Industry needs more engineering graduates. New engineers must be comfortable with cross discipline projects, a range of technology including digitalization, and horizontal organizations. Along with this deep skillset, industry wants engineers to be strong problem solvers with the aptitude to apply technology to solve problems. Previous Tech-Clarity research finds that industry believes schools could do better to meet these requirements.
Requirements for Learning Approaches
Much of this is due to the traditional lecture-based approach to education. By reshaping the curriculum to focus on project-based learning and partnering with industry thought leaders, there is tremendous opportunity to improve students’ education.
This Research
This research builds upon past Tech-Clarity research, Close the Engineering Skills Gap when over two hundred companies were surveyed to identify specific skills industry wants to see in graduating engineers.
For this new research, educators from around the world were interviewed to understand what schools are doing to better prepare their students. This report details different perspectives and shares advice to evolve the curriculum to meet today’s needs.
COVID-19
The research explores how some schools have embraced digitalization, incorporated the latest technology trends, and leveraged industry partnerships. It also shares lessons learned as a result of the COVID-19 pandemic.
Schools should:
Offer long term realistic projects
Reshape the curriculum
Leverage software
Enhance learning with digital twins
Enrich learning with technology
Develop collaboration skills
Prepare for horizontal cross-functional teams
Build resumes and offer career insight
Partner with industry for technology thought leadership
These steps will help schools better prepare engineering students for industry, and recruit top talent in the future.
Recommendations
Next Steps
Based on this research and our experience, Tech-Clarity offers the following recommendations:
Restructure academic programs to maximize project-based learning opportunities. This can be done as part of the regular curriculum or as extracurricular actives.
Recognize the numerous benefits of project-based learning for both students and industry. Design programs to ensure that participants realize these benefits.
Involve industry to provide real-world problems as well as mentorships and internships to ensure students have the opportunity to learn from their experiences and expertise.
Projects need to develop problem-solving and collaboration skills, while exposing engineers to multi-discipline work
Reshape the curriculum and remove content that is less valuable for today’s engineers.
Bring in industry thought leaders and subject matter experts into the classroom.
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full report is available here. If you have difficulty obtaining a copy of the report, please contact us.
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[post_content] => Is cloud PLM the right option for your company? If so, what do you need to know? Take our Cloud PLM Advisor assessment to find out.The assessment leverages our research to assess your company’s readiness to transition to the cloud. Should you switch to a new system? Wait for your current solution to be available on the cloud? How much functionality are you willing to trade off, if any? Do you have the proper standards in mind? The assessment considers five pillars of cloud readiness to provide tailored recommendations to help you determine the best path for your business:
Strategy
Functionality
Governance
Existing Solutions
Cloud Transition
You will have the option to save, print, and share the results in the Tech-Clarity Assessment Center.Take the online assessment here.Get more information about digital transformation and Siemens Cloud Solutions from our sponsor, Siemens Digital Industries Software.
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Is cloud PLM the right option for your company? If so, what do you need to know? Take our Cloud PLM Advisor assessment to find out. The assessment leverages our research to assess your company’s readiness to transition to the cloud. Should you switch to a new system? Wait for your current solution to be…
How does your company stack up in its ability to monitor and optimize equipment performance using the IoT? Answer a few questions in our IoT Machine Monitoring Assessment and you’ll get a customized report that: Compares your capabilities to Top Performing companies Offers tailored recommendations to improve performance The assessment leverages our survey data to…
Semiconductor innovation is multi-faceted; can lifecycle management improve product and thus business success? This on-demand webinar features Julie Fraser sharing Top Performers’ best practices for digital continuity based on her new semiconductor industry research. Semiconductor companies are great at technical innovation, but many do not have all the capabilities they need for product profitability. The…
How can design engineers improve confidence in simulation results? Can cloud-based simulation help? Watch Michelle Boucher as she shares best practices from her research to explain how design engineers can get even more value from simulation. Simulation can be a powerful design tool by providing engineers with design guidance. However, some are concerned they lack the…
How can design engineers get even more value from simulation? What is the most effective way to aid design engineers in their ability to create more competitive products? Our new eBook, How to Survive and Win New Markets by Getting Even More Value from Simulation explores these questions. Today’s challenging economic times, worsened by COVID-19,…
How can manufacturers innovate through today’s global industry disruption and set themselves up for success as things settle into a new normal? Hear from Kichler Lighting’s Mehul Gala, Tech-Clarity’s Jim Brown, and Onshape’s Dave Corcoran. They’ll share their perspectives on how companies are adapting to the new reality and preparing for the future by: Enabling…
What did leading engineering software industry analysts think of the first virtual Autodesk University? What are their key takeaways from AU2020? Hear the discussion with Lifecycle Insights Chad Jackson, CIMdata’s Stan Przybylinksi, and Tech-Clarity’s Jim Brown led by Taxal’s Allan Behrens.
Have procurement organizations re-focused digital transformation investments due to COVID-19? Yes. Priorities are radically different, as the research shows behind Roadmap – COVID-19 and Digital Transformation: Unique Research Into Investment Priorities. What has changed is that companies are more focused on creating abilities to work remotely, connect, see, and analyze what’s going on in supply….
How do companies improve profitability by monitoring, analyzing, and optimizing equipment via the Industrial IoT? How has the COVID-19 pandemic impacted their plans? See what our survey of over 200 companies that manufacture, operate, service, sell, distribute, install, and/or integrate equipment finds about how the leaders operate in Tech-Clarity’s Pillars of Machine Monitoring and Optimization….
How can manufacturers maximize value from their digital transformation efforts in 2021? In these uncertain times, it matters. There are some basics to leveraging Industry 4.0 trends. Success may be closer to your grasp than you realize. This live webinar has passed, but please click here to watch it free, on-demand. Find out where trends…
How much does poor collaboration cost your company? Tech-Clarity’s eBook, What’s the Cost of Poor Collaboration? examines this topic for product development, sharing survey results from 155 manufacturers. Collaboration impacts every part of product development, and products cannot be developed or brought to market without it. While collaboration can be abstract and hard to measure,…
What happens when automation and plant IT teams get past their differences and work together effectively? A chance for the company to outperform the competition and make progress on Industry 4.0 projects, based on more coherent manufacturing data management. In our recent research, Top Performers were more likely to have tightly connected IT and automation…
What should your company consider when transitioning to the cloud for innovation and engineering? Our new infographic identifies key considerations ranging from strategy through adoption. See the infographics for some important factors related to strategy, functionality, governance, existing solutions, and your transition. You can also learn more about cloud solutions from Siemens Digital Industries Software, our…
What do manufacturers need to do to succeed and get results from their Industry 4.0 efforts? In this webcast, Julie Fraser revealed a few significant findings of research of over 300 companies on the topic of manufacturing data management. It’s a multi-faceted challenge in which people, processes, and technology all matter. This webcast explains the…
How do companies make progress toward Industry 4.0? Based on our research, those who invest in people, processes, and technology for manufacturing data management have made more strides in Industry 4.0. Manufacturing Data Management: Lessons from Top Performers explores the many challenges of bringing together all the data production facilities need. Please enjoy the summary*…
Are mobile devices ready for CAD? Is CAD ready for mobile devices? When should you consider use cases for CAD on a tablet? CAD tools have evolved significantly over the last several decades, which has coincided with several platform shifts. With the advancements in tablets combined with evolutions in CAD, we may be at the…
How are companies adjusting their strategies to survive COVID-19 disruption without losing sight of long-term business sustainability? Read our survey of over 190 companies to find out how they are prioritizing limited resources to maintain focus on success factors including: Addressing changing business models Adopting new technology Protecting the environment Please enjoy the summary* below….
What software capabilities will help you improve how you integrate mechanical, electronics, and electrical designs? Tech-Clarity’s buyer’s guide, How to Select the Ideal Solution for Today’s Smart Products: Buyer’s Guide for Electrical Design, explores this question. As companies strive to make modern products smarter, innovative and more affordable, the integration of mechanical, electrical and electronic…
What does effective storytelling have to do with succeeding with Industry 4.0? Plenty. With the right narrative by level and function, the whole company can engage with Industry 4.0 strategy. At that point, everyone, whether top-level management or shop-floor workers, can buy-in. Once they do, they can participate effectively in setting the standards required to…
How can schools best prepare today’s STEM students to close the engineering skills gap so that new graduates are ready for the real world? Tech-Clarity’s research report, “How Academia Can Close the Engineering Skills Gap in the Age of Digitalization” explores this question. This research shares a global perspective on what colleges and universities are…