Making the value of technology clear
Research for this report leads our analysts to the following conclusions:
Would you like to learn more about one of the fastest growing best practices for systems engineering, MBSE: The Unsung Hero?
Michelle Boucher joined an expert panel to discuss MBSE as the unsung hero of systems engineering and a key enabler of innovation in complex products. The panel discussed:
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Manufacturing is constantly evolving, so how do you define advanced manufacturing?
In this podcast episode, Julie Fraser and James Zhang, VP Market Development, Connected Operations at PTC, share their views. It starts with what constitutes advanced manufacturing today and how that has changed.
New technologies can play a role, but are not sufficient. How a manufacturer uses these technologies with what they already have to improve business outcomes points to whether it's advanced. COVID and global supply chain disruptions have changed which business metrics are vital - and sometimes what plants make. So agility and resilience matter.
The conversation also touches on effective processes and employee mindsets, and how technology can impact those. For example, what's the role of having employees feel more energized - now and in the future? Can people work together more effectively and be more empowered in these changed socially distanced environments? Julie and James think so. Yet, it might require you re-think your business and your shop floor.
Listen to the podcast to hear ideas and examples of agility, resilience, safety, empowerment, and production innovation. Thank you to PTC for the opportunity to have this discussion.
For more information, see our related research:
Competition is fierce for today’s manufacturers as they seek to win market share from both traditional competitors and emerging start-ups, often at a global level. Consequently, product engineering and innovation play a crucial role in competitive differentiation. Innovation opportunities range from smarter features to new service offerings, which require increases in software, electronics, connectivity, sensors, components, and more. In fact, a Tech-Clarity study, Transformational Product Design: How to Achieve Success Designing Smarter Products, found that 71% of survey respondents report feeling pressure to add more software and electronics.
While this is a powerful way to attract customers, it increases product complexity, making an engineer’s job even more challenging. Tech-Clarity’s research study, How to Engineer High-Performing, Quality Products with Extra Cost, finds that 67% of survey respondents say complexity has grown over the last five years, and 44% find it’s even harder to make critical design decisions. Yet, Top Performers are 58% more likely than their competitors to be confident in their decisions. These results show that while the job may be getting harder, there are practices that will help.
However, getting it wrong is expensive. Companies that don’t make it easier for engineers will suffer negative consequences (see graph).
This blog post explores the reasons for these business impacts. It also discusses why new approaches are needed, what MBSE is, and how it can help.
Learn More
To learn more about this exciting topic, Michelle joined a panel of experts for an interactive discussion on MBSE. Among other issues, the panel discussed how to justify MBSE and shared advice to implement it. You can access the recording by registering.
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How can you navigate digitalization challenges in a way that will evolve with current and future needs? Join this webcast where we’ll share the results of Tech-Clarity’s research on how manufacturers accelerate digital transformation with low-code applications, and Siemens’ Christopher Merz will share practical experience from the field.
You will learn:
You can also learn more from the underlying research study, Filling Digital Transformation Gaps with Low-Code.
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What is more important to meeting new product development due dates, individual engineering productivity or product development efficiency? We surveyed over 160 companies to find out.
Please enjoy the summary below.* For the full report, please visit our sponsor SOLIDWORKS (registration required).
First, let’s be clear that manufacturers can’t choose between individual engineering efficiency and product development speed and agility. They are clearly inextricably related. NPD relies on efficient and effective engineering, but developing a successful product requires input and coordination from multiple disciplines, departments, and the supply chain. Process and project-level challenges can cause productivity loss on a grand scale.
Process Efficiency Outweighs Individual Productivity
When it comes to meeting product development due dates, inefficient NPD processes can make even the most efficient engineering teams miss time-to-market objectives. Researchers asked what has a larger positive impact on meeting product development due dates:
Manufacturers should leverage a product innovation platform that streamlines product development by:
How can a customized PLM system be moved to the cloud and avoid becoming stuck in a dead-end? Join James White, VP Digital Innovation Research, Tech-Clarity, and Mark Reisig, VP of Product Marketing, Aras Corporation, as they discuss:
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What’s the one constant for manufacturers today? Change.
The market is uncertain, and disruptions continue. Manufacturers cannot control demand for their products. Yet, with the right foundational technologies, they can respond confidently.
Hear Tech-Clarity’s Julie Fraser, VP of Research for Operations and Manufacturing at Tech-Clarity, and Allan Fine, Manager Sage X3 Field Sales Engineers, as they discuss technologies to boost success. Specifically, they will address planning and scheduling in the face of constant change. They will highlight better ways to utilize production capacity and manage inventory. Another concept they will discuss is the benefit of knowing the current status as well as projecting scenarios to keep the supply chain in sync with ever-changing realities to respond confidently.
View the this webcast on-demand on the Sage X3 website. Click the white box on the left in the top blue banner.
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[post_content] => What does a long-time software industry insider think about the engineering software market’s rapid transition to the cloud? What interesting insights can we glean about Taxal Limited’s Allan Behrens during this (Not Your Typical) tech interview? Don’t miss this episode of (NYT) Tech Interview, the series where we have some fun by asking important market questions and then throw in a few others to learn more about our industry experts.
Watch this edition to see how we found out that Allan is not just another pretty face but has some real technology skills!
[embed]https://www.youtube.com/watch?v=i0F_YLNMGZw[/embed]
For more information on industry readiness for the cloud, please see the first video of this series, (Not Your Typical) Cloud Interview with Siemens’ Paul Brown.
For more information on cloud migration, please see the second video of this series, (Not Your Typical) Cloud Migration Interview with Schnitger Corp’s Monica Schnitger.
For more information cloud perceptions, please see the fourth and final video of this series, (Not Your Typical) Cloud Perceptions Discussion with Siemens' Paul Brown.
To get insights into your own company’s cloud readiness please check out our Cloud PLM Advisor.
Register now to learn more insights on August 17th at 12 PM EST.
For related research, please read Profiting from Smart Products to learn how manufacturers can differentiate and grow profitability as smart products become the new norm.
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[post_content] => Smart products are the new norm. How can manufacturers differentiate and grow profitability as even their smart products become commodities?
Our survey of over 150 companies shows that manufacturers are targeting much larger goals as they mature their smart product strategies beyond their products by adopting smart, connected, digital business models.
Please enjoy the summary* below. For the full research, please visit our sponsor PTC.
You can also register for a webcast sharing the results.
Smart Products are Mandatory
Our research on smart products has clearly shown the importance and expected growth of smart products. Since our earlier studies, our experience shows that companies have been aggressively transitioning to smarter products as predicted. At this time, survey respondents clearly indicate how critical the transformation has become. A full 86% of respondents indicate that smart products are important to support the long-term success and profitability of their company. Over one-third say they are critical.
Smart Product Requirements are Expanding
The move to smart products, however, is a journey. Not all companies with smart products have reached their full potential. Already in 2017, our research showed that over one-half of companies developing smart products feared losing market share unless they continually made products smarter2.
Are Smart Products Enough?
At this time researchers set out to investigate whether even making products “smarter” is enough to continually leverage smart products for profitability. There is a wide variety of maturity in how these products are used to drive value. We believe that smart products merely set the stage for even greater levels of business value unlocked by new, digital business models. Let’s take a look.
Quantifying the Advantage
Researchers quantified the reported performance advantages by comparing the profitability improvements of the Top Performers as compared to the Others.
They found that Top Performers have, on average, increased revenue by 43%. That’s twice as much as Others. They have also decreased cost by about 11% more than Others. Clearly, these companies are doing something differently.
Identifying Best Practices
Researchers examined the practices, capabilities, and technology of the Top Performers in order to understand what they do differently. They found important differences in the capabilities and technology that reflect higher maturity related to smart products. Then, they used this information to make recommendations to Others to improve their own performance.
How can engineers improve efficiency, personal productivity and find the information they need faster? Join this live Onshape webcast with James White, VP of Digital Innovation Research at Tech-Clarity; Theo Richardson, founding partner and Director of Development at Rich Brilliant Willing (RBW); and Dave Corcoran, Head of Products at Onshape to gain insight into how top performing companies overcome the challenges of legacy file-based CAD and PDM systems.
Register now to gain insight into how top performing companies overcome the challenges of legacy file-based CAD and PDM systems.
For related research, read Accelerating Product Development with the Cloud.
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Could medical device companies improve both patient outcomes and profit? Yes, and Predictive Quality for Medical Devices: Comprehensive Data to Move Risk-based Approaches into Production discusses how to modernize the quality system for best results. The predictive approach to quality is proactive and requires strong manufacturing data management. The report includes insights from executives at medical device companies already making strides toward these improvements.
For related research, please read The Manufacturing Data Challenge.
Please enjoy the summary* below. Please visit our sponsor, Critical Manufacturing, for the full research (registration required).
Quality is the cornerstone of medical device manufacturers’ success and touches every aspect of the business. Quality is paramount not only for cost and compliance but for patient outcomes. As a result, many companies use sophisticated simulation and analysis to predict outcomes in research and development (R&D). Yet, that is only a part of the quality system. It’s time to expand predictive quality into production – and to create feedback loops.
Predictive vs. Traditional Quality
Traditional quality is reactive or preventive at best. Rigid standards and procedures guide all activity, and samples and testing are frequent to be safe. Predictive quality is more proactive and adaptive – within the validated envelope. This new quality approach leverages data from product and process design, inventory, and supplier quality. It combines that data with real-time production information to foresee whether a product will meet quality specs.
Predictive Quality to Meet Market Pressures
Medical device manufacturers are under new pressures from both the market and regulators. Predictive quality is a foundational approach to meet those pressures:
With the crisis phase of COVID-19 passing, how are companies adjusting corporate strategies and priorities to address intensified business risk and disruption? How are they setting transformation strategies to ensure long-term business success and profitability in the face of rapidly evolving business models, new technology adoption, environmental concerns, socio-economic issues, and political uncertainty? We surveyed 246 organizations to find out.
Please enjoy the summary* below. For the full research, please visit our sponsor Dassault Systèmes.
You can also read our 2020 research, Business Sustainability and Survival 2020, as well as our 2019 research, Executive Strategies for Long Term Business Success.
2021 Reaction Reflects a More Long-term View
The current survey results indicate that organizations are returning to a more balanced response across the pillars of business sustainability. Over the last year, we've seen workforce development and environmental sustainability focus rebound. The number of organizations that report they are increasing focus or accelerating environmental sustainability efforts tripled from 12% to 36%, and those that are increasing attention on workforce development grew by 255%. These changes are encouraging, but also reflect the reality that many took a step back from these needs due to the magnitude of the disruption. The return to a balanced approach will help organizations recover and transition to a new normal.
Digital Transformation Is Becoming The Norm
We put greater emphasis on technology in this year's survey because almost one-half of businesses increased focus and/or accelerated digital transformation last year due to the pandemic. This is not just due to the pandemic, of course. Our survey on the state of digital transformation3 found that more than one-half of respondents believe that digital initiatives are "important" if not "critical" to their business strategy. This survey supports that, showing the high strategic importance of digital transformation. It also points to the need to enable more remote work and collaboration, which requires new, digital technologies.
Sustainability Requires New Technology Adoption
How important, then, did respondents report that technology adoption is to their company's long-term success and profitability? Just over half say it's critical, and a full 94% state that it's at least important. The answer is not surprising. Many traditional organizations are in the process of becoming digital businesses. The message is clear; technology is a vital enabler of long-term business sustainability.
How can manufacturers get closer to customers, gain more intimacy, and create more business value for themselves and their customers? How does extending the digital thread into the customer experience and operational phase of the product lifecycle help? Our eBook shares the results of interviews with eight manufacturers to shed some light.
Please enjoy the summary* below. For the full research, please visit our sponsor Propel.
Dimensions of Digital Thread Maturity
Our interviews discovered a variety of digital thread maturity levels with expanding levels of value. We found significant variation in the maturity of digital threads capabilities in:
The value is available, and each company should decide how best to take advantage of it. In the process, they will need to consider organizational elements like incentives, training, and developing buy-in. They should adopt best practice processes that incorporate data collection and install a sense of data quality ownership. Lastly, they should look to create a platform of solutions that integrates all of the product and customer experience elements together from underlying systems, including; PLM, ERP, MES, SLM, and CRM. The vision is achievable and starts with a strategy that can be implemented over time to drive new value.
*This summary is an abbreviated version of the ebook and does not contain the full content. For the full research, please visit our sponsor Propel.
If you have difficulty obtaining a copy of the research, please contact us.
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What is the best way for engineers to manage multiple design criteria, impacted by multiple physics, yet still meet deadlines, cost targets, and quality requirements?
Tech-Clarity’s eBook, How to Engineer High-Performing, Quality Products without Extra Cost, examines this question. The eBook shares findings based on the results of a survey of 272 manufacturers. It also examines the reality today’s engineers face, and the variety of factors they must consider.
The results show that exceptional engineering is critical to the success of today’s products. At the same time, this is driving product complexity. As products continue to become more complex, it becomes even harder for engineers to make the right design decisions. Interestingly, Tech-Clarity research finds that Top Performers are 2.2 times more likely than Others to have effective processes to understand trade-offs and optimize products. A key differentiator leading to their success is their ability to simulate multiple physics. Top Performers are 89% more likely than Others to find analyzing multiple physics makes design decisions easier. Simulation with CAE can be a valuable asset. The research identifies more details about what Top Performers do differently and the benefits they enjoy as a result.
Please enjoy the summary* below. For the full research, please visit our sponsor Dassault Systèmes SOLIDWORKS (registration required).
For a related research, please see our eBook, How to Survive and Win New Markets by Getting Even More Value from Simulation.
With global competition and an uncertain economy, companies face significant pressure to develop the right products. To attract customers, engineers must balance numerous criteria, often conflicting, to meet product requirements for quality, reliability, innovation, and performance. They must assess the impact of an assortment of complex materials, components, and subsystems and evaluate how they will perform in a wide range of scenarios. Missing the mark can put market share at risk.
Growing Complexity
Navigating this complexity is no small feat as it requires a deep level of expertise. The sheer variety of physics involved make it incredibly difficult for engineers to confidently make decisions. Personal experience simply isn’t enough. In fact, 67% of survey respondents say complexity has grown over the last five years, and 44% find it has gotten even harder to make critical design decisions. Yet, Top Performers are 58% more likely than their competitors to be confident in their decisions.
Better Decisions
Despite complexity, Top Performers are 2.2 times more likely than Others to have effective processes to understand trade-offs and optimize products. A key differentiator leading to their success it their ability to simulate multiple physics. Top Performers are 89% more likely than Others to find analyzing multiple physics makes design decisions easier. Even those developing simple products reveal simulating multiple physics helps them become more competitive.
Based on industry experience and research for this report, Tech-Clarity offers the following recommendations:
Could your overall equipment effectiveness (OEE) metrics do more to accelerate improvement? Most manufacturers' can, but not necessarily by doing what they have been doing. Read our eBook, Getting Beyond Percentages to Insights with OEE, to learn more.
Please enjoy the summary* below. Please visit our sponsor PTC for the full research (registration required).
For related research, watch the Power in the Hidden Factory webcast.
How can manufacturers adopt cloud PLM to support digital transformation but avoid being stuck with a dead-end, custom system? Is it time to force a hard decision between customization and the cloud? Read Digital Transformation Driving PLM to the Cloud to learn what three leading manufacturers and our research have to say.
Research for this report leads our analysts to the following conclusions:
How can manufacturers adopt cloud PLM to support digital transformation but avoid being stuck with a dead-end, custom system? Is it time to force a hard decision between customization and the cloud? Read Digital Transformation Driving PLM to the Cloud to learn what three leading manufacturers and our research have to say. How today’s manufacturers…
Would you like to learn more about one of the fastest growing best practices for systems engineering, MBSE: The Unsung Hero? Michelle Boucher joined an expert panel to discuss MBSE as the unsung hero of systems engineering and a key enabler of innovation in complex products. The panel discussed: How MBSE is different The value…
Manufacturing is constantly evolving, so how do you define advanced manufacturing? In this podcast episode, Julie Fraser and James Zhang, VP Market Development, Connected Operations at PTC, share their views. It starts with what constitutes advanced manufacturing today and how that has changed. New technologies can play a role, but are not sufficient. How a…
How are your engineers managing increasing product complexity? As competitive pressures have driven innovations such as smarter features and new services, product complexity has increased. Consequently, this continues to make the job of an engineer that much harder. Our research has found that this complexity is only going to increase. Yet, the most successful companies…
How can you navigate digitalization challenges in a way that will evolve with current and future needs? Join this webcast where we’ll share the results of Tech-Clarity’s research on how manufacturers accelerate digital transformation with low-code applications, and Siemens’ Christopher Merz will share practical experience from the field. You will learn: The importance of digital transformation…
What is more important to meeting new product development due dates, individual engineering productivity or product development efficiency? We surveyed over 160 companies to find out. Please enjoy the summary below.* For the full report, please visit our sponsor SOLIDWORKS (registration required). Table of Contents Executive Overview Individual Productivity or Process Efficiency? The Impact of Product Development…
What has a leading software company insider learned about the way manufacturers look at the cloud for product innovation, engineering, and industrial software? What’s the mood in the market, and what cloud misconceptions linger? And what new did we learn about Siemens’ Paul Brown when we threw some “not typical” questions his way? Watch this…
How can a customized PLM system be moved to the cloud and avoid becoming stuck in a dead-end? Join James White, VP Digital Innovation Research, Tech-Clarity, and Mark Reisig, VP of Product Marketing, Aras Corporation, as they discuss: How today’s manufacturers are leveraging cloud PLM to support their digital transformation initiatives The business triggers that…
How can you include the customer experience in your digital thread to gain deeper insights and increase customer intelligence? Join Jim Brown (Tech-Clarity), Ray Hein (CEO & Co-Founder of Propel), and Tony Kratovil (VP, Manufacturing Solution Leader at Salesforce) as they discuss: Merging the operational phase of the product lifecycle with the voice of the…
What’s the one constant for manufacturers today? Change. The market is uncertain, and disruptions continue. Manufacturers cannot control demand for their products. Yet, with the right foundational technologies, they can respond confidently. Hear Tech-Clarity’s Julie Fraser, VP of Research for Operations and Manufacturing at Tech-Clarity, and Allan Fine, Manager Sage X3 Field Sales Engineers, as…
What does a long-time software industry insider think about the engineering software market’s rapid transition to the cloud? What interesting insights can we glean about Taxal Limited’s Allan Behrens during this (Not Your Typical) tech interview? Don’t miss this episode of (NYT) Tech Interview, the series where we have some fun by asking important market…
How can companies increase profits from smart products? Join our smart product webcast with PTC where we’ll review real data from our recent survey on companies’ level of involvement with smart products, quantified business results, and the opportunities and challenges of pursuing a smart products strategy. Register now to learn more insights on August 17th…
Smart products are the new norm. How can manufacturers differentiate and grow profitability as even their smart products become commodities? Our survey of over 150 companies shows that manufacturers are targeting much larger goals as they mature their smart product strategies beyond their products by adopting smart, connected, digital business models. Please enjoy the summary*…
How can engineers improve efficiency, personal productivity and find the information they need faster? Join this live Onshape webcast with James White, VP of Digital Innovation Research at Tech-Clarity; Theo Richardson, founding partner and Director of Development at Rich Brilliant Willing (RBW); and Dave Corcoran, Head of Products at Onshape to gain insight into how top performing…
Could medical device companies improve both patient outcomes and profit? Yes, and Predictive Quality for Medical Devices: Comprehensive Data to Move Risk-based Approaches into Production discusses how to modernize the quality system for best results. The predictive approach to quality is proactive and requires strong manufacturing data management. The report includes insights from executives at…
With the crisis phase of COVID-19 passing, how are companies adjusting corporate strategies and priorities to address intensified business risk and disruption? How are they setting transformation strategies to ensure long-term business success and profitability in the face of rapidly evolving business models, new technology adoption, environmental concerns, socio-economic issues, and political uncertainty? We surveyed…
What does a top expert in the engineering software market say about cloud migration for product innovation, engineering, and industrial software? What interesting things can we learn about Schnitger Corp’s Monica Schnitger during her interview with Tech-Clarity’s Jim Brown? Tune into this episode of (Not Your Typical) Tech Interview, the show where we make it…
How can manufacturers get closer to customers, gain more intimacy, and create more business value for themselves and their customers? How does extending the digital thread into the customer experience and operational phase of the product lifecycle help? Our eBook shares the results of interviews with eight manufacturers to shed some light. Please enjoy the…
What is the best way for engineers to manage multiple design criteria, impacted by multiple physics, yet still meet deadlines, cost targets, and quality requirements? Tech-Clarity’s eBook, How to Engineer High-Performing, Quality Products without Extra Cost, examines this question. The eBook shares findings based on the results of a survey of 272 manufacturers. It also…
Could your overall equipment effectiveness (OEE) metrics do more to accelerate improvement? Most manufacturers’ can, but not necessarily by doing what they have been doing. Read our eBook, Getting Beyond Percentages to Insights with OEE, to learn more. Please enjoy the summary* below. Please visit our sponsor PTC for the full research (registration required). For related…
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