Making the value of technology clear
*This summary is an abbreviated version of the report and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the research, please contact us using the “Contact” link below.
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What should Life Sciences companies look for in a solution to help them simultaneously improve profitability and patient outcomes using remote device monitoring via the IoT?
Our new Improving Service Performance and Patient Outcomes with Remote Monitoring Buyer's Guide helps Life Sciences companies understand the business and social value of monitoring equipment with the IoT. It then offers evaluation criteria for companies to use as requirements to select a solution to achieve that value. The research also shares the experience of Varian Medical Systems and how they've used the IoT to drive improved service and customer relationships.
Please enjoy the summary below. For the full report, please visit our sponsor PTC (no charge, registration required).
Digitalization is changing the way innovative medical device, biotech, and related companies provide value and drive profitability. Research shows that one of the most compelling digital transformation opportunities is to revolutionize service, specifically:
Industries are Digitally Transforming
Life Sciences companies have a tremendous opportunity to improve service operations and outcomes. At the same time, many are investigating how to benefit from the Internet of Things (IoT). Remotely monitoring medical equipment is a great way to accomplish both.
As our related Improving Service with Remote Monitoring Buyer’s Guide explains, a remote monitoring initiative allows companies to quickly achieve IoT value. In fact, the most common way that companies gain tangible ROI from IoT is through improved service. At the same time, it also paves the way for even more substantial benefits from initiatives like healthcare analytics.
Equipment Monitoring Has Proven Value
The IoT lets companies transform service to generate more – and more profitable – service revenue. They do this by moving from reactive to proactive to predictive service, and leveraging advanced technologies like AI, machine learning, and big data analytics. They can also adopt new service delivery processes like remote service. But the most common first step is reducing cost of service through remote monitoring.
Get Started
Leveraging the IoT can help companies improve service for themselves and their customers by reducing cost and transitioning to proactive and predictive service. Remote monitoring allows companies to identify and resolve issues remotely, providing faster service and increased uptime while reducing the cost of truck rolls and putting service technicians on site.
It can go beyond cost savings to create a new source of revenue from paid upgrades or remotely enhancing equipment capabilities or permissions by “unlocking” enhanced capabilities via a subscription. It also offers Life Sciences companies an opportunity to help ensure devices are available and operating optimally to serve patient needs.
Improve Service and Patient Outcomes
Medical device, biotech and other life science innovators embarking on a remote monitoring initiative to improve service should look for the capabilities outlined in the sections of this guide to help ensure they get the value they seek. In addition, they can use the following checklist as high-level criteria to compare offerings.
*This summary is an abbreviated version of the report and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the report, please contact us using the "Contact" link below.
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Are you ready for the EU MDR?
Tech-Clarity's Preparing for EU MDR explains the impact of the EU MDR on your product data. While complying to the EU MDR may require an investment, taking the steps now to prepare your product data will not only support EU MDR compliance, but will position your company to support future regulatory requirements. In addition, these investment will also lead to greater efficiencies that will enable you to have more bandwidth to focus on innovation and quality. This report provides recommended steps to help you prepare and how software technology will make it easier.
Please enjoy the summary* below.
For the full eBook, please visit our sponsor PTC (free of charge, registration required).
In May 2017, the EU published the new European Union Medical Device Regulation (EU MDR). The new regulation replaces the MDD (Medical Device Directive) and went into force on May 25, 2017. Medical devices have three years to comply while in vitro diagnostics have five years.
The reasons for the new regulation are admirable. As stated, "This Regulation aims to ensure the smooth functioning of the internal market…[it] sets high standards of quality and safety for medical devices in order to meet common safety concerns..." Essentially, the EU wants to ensure that medical devices are safe, high quality, meet stated expectations, and improve patient health. The EU also wants to take advantage of the technological and scientific progress made over the last 20 years.
Better Devices, but There’s Work to Do
While taking advantage of technology advancements will lead to greater efficiencies for medical device companies, becoming compliant will require work. The EU MDR wiki states, "The new EU Medical Device Regulation (EU MDR) is not radically different from the current Medical Device Directive (MDD). That's not to underestimate the amount of work that will be required to switch from the current MDD to the new EU MDR.”1 The new regulation is largely an extension of the existing regulation, but it requires far more data. In many ways, the new regulations require processes that medical device companies should be following anyway, but have been a challenge to implement, especially without the right technology.
The Opportunity
Considering that every medical device company that wants to do business in Europe will be undergoing efforts to comply, this transition period represents an excellent opportunity to restructure processes in ways that are more efficient, but will also lead to more innovative and higher quality devices. The transition may be challenging, but those who are most successful will likely enjoy a competitive advantage.
While the scope of the new regulation is quite broad, its implications are especially significant for product teams who will – either directly or behind the scenes – participate in the product submissions process.
This eBook shares advice to prepare product data for regulatory submissions through a programmatic and extensible approach. In this view, EU-MDR compliance serves as a catalyst for implementing sound product design, change and configuration control best practices across your product development lifecycle.
To establish a foundation to comply with the EU MDR, medical device companies should look to adopt a product-centric approach. Based on this research and our experience, we recommend that medical device companies do the following to support the EU MDR and a product-centric approach:
To adopt a product-centric approach, consider the following steps:
*This summary is an abbreviated version of the eBook and does not contain the full content. A link to download the full eBook is available above.
If you have difficulty obtaining a copy of the research, please contact us using the “Contact” link below.
How can manufacturers tell when they've outgrown their Product Data Management system? What should they look for to replace it? Join Tech-Clarity's Jim Brown and PTC's Mark Lobo as they help companies navigate this all-too-common scenario. The interactive presentation will share what's missing in most basic PDM / Engineering Document Management (EDM) systems and what to look for in a more advanced PDM solution that does more than manage CAD, what some might call cPDM. The presentation shares Jim and Mark's experience as well as findings from a recent Buyer's Guide that shares functional requirements, implementation needs, vendor considerations, and other special concerns such as preparing for the future.
Watch the PTC sponsored webcast replay now (registration required).
For more information, please see our related Buyer's Guide, below:
https://tech-clarity.com/outgrown-pdm/7356
[post_title] => Top Ten Signs You've Outgrown Your PDM System (webcast)
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What should Life Sciences Companies look for in a solution to transform service using IoT remote monitoring? Tech-Clarity's Jim Brown and PTC's Anthony Moffa will share recent research and industry experience on this Medical Design & Outsourcing webcast, How to Select a Remote Monitoring Solution to Transform Your Service Model. The webcast will cover how to improve service maturity to better service medical equipment, leading to both higher profitability and better patient outcomes. We'll also share how this initiative can set the foundation for even broader IoT and digitalization benefits.
Register for the Medical Design & Sourcing webinar today (no charge, registration required).
Is your CAD tool ready for the 2020s? Does it have the features you need to keep your company competitive?
Tech-Clarity's How to Futureproof Your Product Design: 5 Technologies Your CAD Tool Must Support describes the key technologies that will impact design in the 2020s. Based on a survey of over 200 manufacturers, respondents identified the top technologies that will change how they design products. This report describes how these technologies will impact design and how a CAD tool should help you.
Please enjoy the summary* below.
For the full eBook, please visit our sponsor SOLIDWORKS (free of charge, registration required).
You Will Need the Right Software Tools
While the right strategy around cutting-edge technologies is critical to avoid these negative impacts, you must also empower your teams with proper processes and technology. Consequently, you also need capabilities to manage the resulting complexity. This research reveals what successful companies do to help them succeed and stay ahead of the competition while they prepare for the next decade.
*This summary is an abbreviated version of the eBook and does not contain the full content. A link to download the full eBook is available above.
If you have difficulty obtaining a copy of the research, please contact us using the “Contact” link below.
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How are innovative automotive companies leveraging immersive, real-time 3D to improve innovation? How can they use highly realistic, interactive, virtual experiences to enhance design, engineering, manufacturing engineering, sales, marketing, training, and more? This eBook shares industry insights and experiences from Ford, Audi, Teague, Team One / Saatchi & Saatchi, and other manufacturers to shed light on the opportunity.
The Value of Immersive 3D Automotive Experiences eBook shares interviews with leading manufacturing, design, and marketing firms to offer insight into how auto companies can create compelling visual representations that excite buyers, inform engineers, optimize design decisions, and improve training. The research shares how companies are using tools from the gaming industry in combination with their CAD models to lower the barriers to creating these powerful, virtual capabilities. The eBook shares a variety of approaches manufacturers are adopting along with the business benefits they're achieving.
Please enjoy the summary below. For the full report, please visit our sponsor Unity (no charge, registration required).
A car represents a unique blend of advanced technology and consumer desires, and automotive marketing campaigns are tailored to evoke both rational and emotional responses from customers. Auto companies and advertising agencies have become highly adept at showing lifelike driving experiences. Today’s customers have the opportunity to experience a car in a spectacular setting, even before a single unit has been produced.
The innovators are doing even more, gaining value by sharing interactive, real-time 3D experiences across the enterprise and the supply chain. They can create buyer excitement with fully immersive configurators that customers can interactively explore in 3D. They can collaborate on interior designs in global, virtual reality design reviews to innovate and catch errors early. They can analyze the impact of manufacturing engineering decisions on perceived quality by viewing fit and finish in real-time under a variety of lighting conditions. They can even interactively experience airflow simulation results by stepping inside a virtual smoke stream. Or, they can train operators to assemble engines in augmented reality before the line is built and without expensive mockups.
The opportunities are extensive. This eBook examines the benefits along multiple dimensions, including the following:
The eBook shares valuable insights from interviews with industry leaders Ford and Teague, and highlights from a recent industry conference with speakers from Audi, EDAG, and Team One. It concludes with some valuable insights to help auto companies better understand the opportunities and enabling technologies available to help them take advantage of real-time, interactive, immersive 3D.
The value of using real-time, immersive 3D in the automotive industry is compelling. The leaders will continue to innovate and expand on their lead. More importantly, lowered barriers to entry mean more companies will be able to take advantage of real-time 3D benefits, including startups that are embracing digitalization in order to displace industry veterans. Immersive, real-time 3D is quickly becoming a critical part of the modern technical toolkit for the automotive industry. We believe the innovators will continue to push forward, while those that don’t adopt immersive 3D technologies will fall further behind.
It’s time for companies to find an opportunity or a problem and address it. Companies should start small with a proof of concept (POC) as a first step. The POC, however, should provide value and not just serve as a learning exercise. Create value, learn, and build on that knowledge with next steps. Companies can choose a project similar to the ones described here, leveraging the experience of the pioneers, or unlock the creativity of their own organization by, for example, holding a “hackathon.”
If your company has been waiting to get involved with real-time 3D, now is the time. The costs have dropped tremendously. The time required to build valuable solutions in 3D is much lower. Specialized development resources are now ready to go. Computing power is available onsite or via the cloud. Real-time, immersive 3D use cases have never been more in reach. Companies that adopt real-time 3D can still gain an advantage, while automotive companies can reap significant benefits in multiple dimensions of their business:
During this on-demand webinar, Tech-Clarity's Michelle Boucher and Anshuman Prakash from Siemens share perspectives on better requirements management. They also provide advice to make the process easier. During the webinar, you will learn:
[post_title] => Better Requirements Management to Save Your Bottom Line (Webcast)
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[post_content] => Did you know that 9.9% of every dollar spent on projects is wasted due to poor project performance?
This startling statistic comes from research done by the Project Management Institute (PMI), published in their 2018 Pulse of the Profession® report. In a guest post on the Siemens Solid Edge blog, Michelle Boucher outlines some key reasons why a requirements management solution can help improve the performance of product development projects so that you can minimize or even avoid some of the challenges that contribute to wasted budget.
What challenges do manufacturers encounter when working with contract manufacturers? What should they do to reduce the frustration and streamline the relationship?
Jim Brown introduces five questions you may find yourself asking if you're working with a CMO, CDMO, or other supply chain partners and then offers recommendations based on our experience and research in this guest post on the upchain blog. Read the CM Conundrum post on the upchain site now (no charge, no registration required).
What should manufacturers look for when it’s time to replace their outgrown PDM system? Our research shows a high correlation between elevated business performance and strong product data management capabilities. Unfortunately, we find many manufacturers have already stretched the limits of what their basic Product Data Management (PDM) system can do. In most cases, it meets fundamental CAD management or engineering document management needs, but falls short beyond keeping data in control. What should they look for in a replacement PDM solution?
This eBook shares the Top Ten signs you've outgrown your PDM system and then shares requirements to use as the basis for selecting an extended PDM solution to Control, Access, and Share product data. Like our other Buyer's Guides, we look beyond software requirements to the other elements that help companies get value from their solutions, including criteria to consider for implementation, adoption, service, and vendor selection. This guide also covers special needs including advice for smaller and larger manufacturers and shares considerations for addressing some specific industry needs and supporting the transition to the digital enterprise.
Click here for our full Buyer's guide, thank you to our sponsor PTC.
Please also see our Upgrading to PLM when PDM Falls Short buyer's guide.
Understanding the Buyer’s Guide Structure
Like our other buyer’s guides, we go beyond functional requirements to address implementation, adoption, vendor partner, and special considerations. We also touch on another recommendation from our PDM guide, specifically how manufacturers can make sure they don’t hit another dead end with their new system as they evolve to become a more digital enterprise.
Manufacturing is going through a significant, digital transformation that's disrupting the industry status quo. Companies are investing in digital transformation, smart manufacturing, Industry 4.0, Internet of Things (IoT), and other related initiatives. What are they prioritizing? And, what are they actually taking action on? Tech-Clarity surveyed over 130 manufacturers to find out. The report analyzes companies strategic priorities including Industry 4.0, IoT, IIoT, Digital Twin, Digital Thread, Augmented Reality (AR), and Virtual Reality (VR). It also investigates how they're executing against them as an enterprise including:
PLM’s Role in Supporting Digital Transformation
The survey also investigates how Product Lifecycle Management (PLM) supports these strategic manufacturing initiatives. The study finds that PLM not only provides strategic value to existing operations, but also maps well to the manufacturers’ strategic initiatives. This reflects PLM’s importance as the backbone of the digital manufacturing enterprise.
Uncertainty Surrounds Digital Twin and Digital Thread
Manufacturers appear to be unclear about the value of Digital Twin and Digital Thread initiatives. For each, more than one-quarter of respondents claim that they don’t know how important these initiatives are to their business. These are both newer concepts, or at least more prevalently discussed today. Manufacturers should educate themselves on the potential of these important initiatives and explore the value. Lastly, responses to AR / VR value likely reflect that they are more enablers than strategies by themselves.
Budget
Digital Transformation is more likely than the other initiatives to have a formal budget. Other initiatives with budgets in one-half or more of responding companies include Industry 4.0 and IoT.
Sponsorship
The CEO / Board are more focused on Digitalization than other programs. There is more focus a level down at the VP / C-Level on additional items including Industry 4.0 and IoT. Most initiatives, however, are more likely to be sponsored by mid-level managers / directors.
Execution Responsibility
Digital Transformation and Industry 4.0 are the most likely to be executed by cross-functional teams. Other initiatives are more likely to be executed at a departmental level.
PLM is seen as a major contributor to achieving digital transformation. PLM can provide the digital backbone, providing product context for data. It’s also a contributor to the two less strategically viewed (and understood) initiatives, the Digital Twin and the Digital Thread. PLM can help track product development history, tie data together from step to step, and provide the product details needed to enable a complete digital twin, including revisions and configurations.
PLM Important to Support Industry 4.0
PLM is also a significant contributor to another big priority, Industry 4.0, although it’s identified as more “significant” than “critical.” This is likely because Industry 4.0 requires an ecosystem of solutions including MES (Manufacturing Executing Systems).
IoT and IIoT Leverage PLM as Part of an Ecosystem
IoT and IIoT are very broad initiatives, where PLM can play an important role by providing product information in a much larger context. The data, and experience, shows that IoT requires more than PLM. Supporting these initiatives requires analytics, dashboards, equipment communication, edge computing, ties to other enterprise systems, and more. Many leading PLM vendors have expanded their suites beyond traditional PLM for this reason.
How can manufacturers extend their PLM investments to gain higher levels of business value? The new 5 Ways to Get More Business Value from Your PLM System offers practical approaches for companies to leverage their existing Product Lifecycle Management investment to improve top-line and bottom-line performance, including tips gained from two leading manufacturers.
Please enjoy the summary below. For the full report, please visit our sponsor Razorleaf (no charge, registration required).
Even if your company has already gone beyond the basics, it’s likely that changes in your business have opened up opportunities that weren’t considered earlier. Beyond that, the manufacturing industry’s shift to the digital enterprise offers compelling new opportunities that can expand PLM value including IoT, Digital Twin, Augmented Reality (AR), and more. There are proven ways to do it. Let’s explore how your company can leverage what you have to do more.
In this on-demand webcast, Tech-Clarity's Michelle Boucher interviews Caroline Byrd, regulatory expert at Abbott, about the steps Abbott has taken to prepare product data for EU MDR compliance. They discuss:
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How can manufacturers improve OEE with IoT Analytics? How can they leverage IoT and IIoT data to drive higher performance and extend the advantages they've gained from Six Sigma and other productivity improvement programs? Improving Manufacturing Performance with IoT Analytics takes a look at how to improve Operational Equipment Effectiveness through digitalization. Specifically, the report looks at how analytics can help reduce the Six Big Losses of OEE.
Please enjoy the summary below (no charge, no registration required).
For the full report, please visit our sponsor PTC (no charge, registration required).
The Internet of Things (IoT) is a critical component of digitalization in the plant, helping companies connect with production assets to better monitor how they perform. Beyond gathering data, manufacturers can leverage advanced analytics to gain real intelligence about plants and production to improve operations, driver higher performance, and guide continuous improvement.
Justifying IoT Analytics Investments
For some companies, leveraging the Industrial IoT (IIoT) is simply a strategic “must do.” For others, they have to cost justify it. This eBook offers a framework to develop an ROI for IoT investments using a common manufacturing metric, Overall Equipment Effectiveness (OEE).
Analyzing improvement potential by OEE allows companies to determine potential savings in the context of the plant. The framework shows how companies can use the IoT and analytics to reduce the “Six Big Losses of OEE” and tangibly improve the three components of OEE – Availability, Performance, and Quality. Manufacturers can compare these improvement opportunities to the investment required to achieve them in order to calculate an ROI.
Hear from Tech-Clarity's Michelle Boucher and Dora Smith, Senior Director of Siemens PLM's Global Academic Program, as they discuss the required skills for new engineering graduates to be successful on today's product development teams. This 25 minute interactive discussion reveals research findings such as:
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How can manufacturers expand their PLM implementation to get more value from their Product Lifecycle Management system? Join this webcast to hear Jim Brown shares his perspective and research, including interviews with two manufacturers that have gone beyond their initial PLM footprint.
Implementing PLM successfully is more of a journey than a destination. In a recent study, Tech-Clarity interviewed companies using PLM and found 5 Ways businesses are extracting more value from their PLM investment.
Join us on October 30th at 12PM EDT on a Live Webinar where Jim Brown of Tech-Clarity will reveal his findings: 5 Ways to Get More Business Value from your PLM System.
Learn how to:
What do leading industry analysts think about Siemens PLM strategy and execution? Industry analyst Allan Behrens of Taxal hosted a discussion about Siemens PLM with two other analysts, Monica Schnitger of Schnitger Corp and Tech-Clarity's Jim Brown. The Disruptive presentation was a unique glimpse at industry watchers (trying not to call ourselves "experts") sharing our key takeaways from an invitation only analyst and press event. It's always a pleasure to speak with Monica and Allan, and it was great to hear that each of us focus on the business value of the technology as opposed to the technology itself. That was a great fit for the conference, which Siemens organized by business initiative instead of their software product lines (a winning approach, in all of our opinions).
So...
Tech-Clarity was commissioned by Planview to conduct their 6th Annual Product Portfolio Management Benchmark Survey, titled The Business Transformation Required to Innovate in the Digital Era. The survey evaluated trends in managing product portfolios including challenges, processes, and technologies used to make portfolio decisions. Tech-Clarity applied our performance banding methodology to determine what Top Performers do differently than others to achieve better production innovation results. This report also includes a new perspective on the impact of the digital transformation and resulting complexity on portfolio management.
Please see the report on Planview's site (no charge, registration required).
You can also view Tech-Clarity's executive summary with some key findings on our site.
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How can manufacturers survive when they can't consolidate on a single CAD format? Is that even a possibility? Given the unavoidable reality of multi-CAD, let's see if there's a better way to manage the mayhem without spending so much non-value-added time. This eBook shares our perspective on the most practical way to manage designs created by different CAD systems. We also share the experience of two manufacturers, Steelcase and KMP Drivetrains, that successfully address this challenge every day based on the realities of their businesses.
Please enjoy the summary below.
For the full report please visit our sponsor, Autodesk (no charge, registration required).
Multi-CAD leads to significant non-value-added work. Given the unavoidable reality of multi-CAD, there should be a better way to manage the mayhem without wasting so much time. Let’s take a look.
The Business Value of Native CAD with Associativity
Native CAD with associativity allows companies to develop seamless design workflows regardless of format and adapt quickly to changing designs. It allows companies to embrace collaboration with others regardless of their tool of choice. It can also open up your own ability to embrace new CAD solutions (including cloud options) without worrying about leaving your IP behind.
*This summary is an abbreviated version of the report and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the report, please contact us using the "Contact" link below.
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How do you empower engineers to design the best products possible?
Research from Tech-Clarity’s Revolutionizing Simulation For Design Engineers research report finds that design engineers lack confidence in design decisions 28% of the time. The research identifies the most common ways engineers deal with this uncertainty, its impact, and how to improve confidence. This research study, based on a survey of 195 companies, examines the design process and identifies top challenges that hold engineers back. The report reveals how to empower engineers with insight to improve product quality, lower cost, and accelerate time-to-market, all while developing more innovative products and the role that CAE can play.
Please enjoy the summary* below.
For the full research report, please visit our sponsor PTC (free of charge, registration required).
How do you empower engineers to design the best products possible?
Engineers want to design great products. Unfortunately, factors like increasing product complexity, competing design criteria, and knowing how design decisions impact other parts of the design make it hard. On top of this, ever-shrinking timelines mean engineers have their work cut out for them. Yet, exceptional engineering has become critical to success in today’s competitive global market.
Product Quality
As companies face mounting pressure from global competitors, engineering criteria have become essential to competitively differentiate products. In fact, 80% of survey respondents believe that product quality is the most important product attribute to keep products competitive (see graph). Reliability and cost come next. This indicates customers have high expectations for quality and durability but don’t want to overpay. To be successful, companies should balance these criteria.
Engineering Decisions Are Critical – and Not Easy
Requirements for quality, reliability, and cost often conflict so balancing them is no small feat. Unfortunately, product complexity makes it hard for engineers to know the full impact of each design decision. Indeed, 76% of survey respondents rate design decisions that impact product competitiveness as ‘somewhat hard’ to ‘extremely difficult.’ This leads many engineers to overengineer, which unfortunately drives up cost.
Companies who can make this decision process easier will have an advantage.
To help improve engineering decisions, Tech-Clarity offers the following recommendations:
*This summary is an abbreviated version of the report and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the research, please contact us using the “Contact” link below.
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