Top Performers Leverage the Cloud for Product Data and ProcessesThe survey shows companies are going beyond primary cloud benefits to improve system cost, deployment, and operations. Although these benefits are valuable, manufacturers need more. They are looking for ways to change how they work. Over three-quarters of respondents say that the cloud is important or critical to driving digital transformation. Top Performers, those that report better product design and development performance, are even more strategic about their cloud adoption. This eBook shares how Top Performers extend cloud use for product-related data and processes and offers recommendations for manufacturers to get the most out of their cloud strategy.
Achieving Significant Benefits
Companies are Gaining ValueManufacturers are achieving multifaceted benefits. Respondents shared the operational and business benefits their company receives from having product-related data and processes in the cloud. These are in addition to IT and general advantages of the cloud span solution categories and are relatively well known. Moving product data and processes offers some unique benefits, as well. For example, high-performance computing (HPC) is the most common benefit. HPC can allow companies the flexibility to perform resource-intensive processes without investing in high-end workstations or enable engineers to work from home. In addition, flexible, scalable compute power makes high-value tools easily accessible to infrequent users or new teams without the need to add additional resources like RAM or GPUs.The Cloud Makes Work Easier and More FlexibleThe next most common benefits are those that make work easier. Moving product-related data and processes to the cloud allows remote and flexible work, supports business agility, allows easier access to data, and enhances collaboration. These are very valuable for today’s distributed product design and development teams. They are also important as companies have adapted to changing markets and ways of working to cope with recent global disruptions like the pandemic. Additional benefits include enhanced talent acquisition and retention, greater supply chain connectivity, better data and knowledge retention, and continuous process improvement.
Taking the Next Steps
Take Advantage of Cloud BenefitsManufacturers target the cloud for digital transformation and achieve a broad array of benefits. The benefits of the cloud are proven and achievable. Take advantage of the cloud for product data and product related processes to achieve measurable benefits in the following areas:
Operational benefits
IT / implementation benefits
Business / strategic benefits
Follow the LeadersMoving product data and processes to the cloud is no longer on the cutting edge. Instead, it has become the new norm. Companies that aren't taking action, barring specific regulations or circumstances preventing them, are likely missing an opportunity and falling behind those that do. The companies that went first have paved the way for others and helped software vendors mature their offerings. Of those, those that are better hitting their product development targets are further along in their digital transformation. Based on the research and experience of the Top Performers, we recommend:
Fully digitally transform product data and processes making it easier to share, reuse, and collaborate with others across the enterprise and the value chain
Have more fully integrated data and processes in the cloud, providing a complete digital thread and a single version of the truth and coordinated actions that helps accelerate product development, encourage reuse, and drive higher quality
Adopt more mature, best practice approaches to product data and processes in the cloud including
Deploy more integrated cloud solutions or a platform to achieve greater product design and development performance
*This summary is an abbreviated version of the research and does not contain the full content. For the full research, please visit our sponsor Autodesk (registration required).If you have difficulty obtaining a copy of the report, please contact us.
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[post_content] => How can companies leverage the IoT to increase service profitability and customer loyalty? Many companies have found that remote monitoring helps them transform service to dramatically improve service performance. But what’s required to turn machine data into actionable service intelligence? This infographic highlights the key findings from our buyer’s guide on improving service with remote condition monitoring. It shares 5 capabilities that companies need to adopt to monitor machines, identify issues, and react proactively to minimize disruption. The infographic serves as a companion to our Improving Service with Remote Condition Monitoring Buyers Guide. Please enjoy the infographic, below. You can download the full Buyer’s Guide from our sponsor, PTC.
[post_title] => Improve Service with Equipment Monitoring
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[post_content] => I caught up with a really interesting software company that I’ve been following named Soley. I shared a bit about them after our first discussion last year and I was impressed with their unique solution. At that time, I saw how they used cloud, analytics, and collaborative decision-making to understand the impact products have on the value chain. They’ve formalized the approach, which they now call product mining, to help analyze product portfolios to gain efficiencies. They leverage complexity analytics, value patterns, and decision intelligence to create and analyze a graph model (aka enterprise digital twin) that allows their customers to gain transparency into portfolio complexity and inefficiencies so they can reduce ballast and side products. Thank you Maximilian Kissel and Sven Litke for the update.
[post_title] => Update on Product Mining Company Soley (Insight)
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[post_content] => We are excited about prospects for continued service transformation for complex equipment after hearing the latest updates from ServiceMax. We know a new chapter will unfold as the PTC acquisition takes hold. Yet even before that, ServiceMax’s traction in field service management is impressive, with all of its primary product suites scoring new wins to arrive at nearly 400 customers and over 300,000 users. Product-centric from the start, this company differentiates itself by focusing on the service lifecycle for complex products. In their words, they “keep the world running.”A pure-play SaaS provider on the SalesForce platform, we see how they approach new customers and focus on ongoing customer expansions. Voice of the customer activities seem to ensure that the product roadmap meets real needs, and they boast of a wide range of activities to ensure customers are increasingly satisfied with the support, product quality, and documentation.ServiceMax’s acquisition of Zinc in 2020 has become a central capability for enterprise-grade instant messaging. Their acquisition of LiquidFrameworks has paid off in additional sales of their FieldFX product for oil and gas, and as the underlying technology for their directed field service management solution, DataGuide, which shows promise to combat the shrinking workforce and knowledgebase of experienced technicians. They have also invested in mobile apps, with separate mobile apps for technicians to get guidance, collaborate, and for the end customers to be in touch with their service providers.
We now understand more of the momentum behind PTC’s announcement that it will acquire ServiceMax. Both are product-focused, and ServiceMax stretches into the in-use product lifecycle. ServiceMax’s momentum, whether on its own or as a SalesForce FSM add-on, delivers strength for PTC to build its business.Thank you, Gordon Benzie, for taking the time to update us! We look forward to watching the progress of the combined PTC/ServiceMax business and conversations with Sumair Dutta and others.
[post_title] => ServiceMax Pre-PTC Highlights (Insight)
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[post_content] => I had the opportunity to meet with the Duroteam to get an update on their progress. We’re paying attention to Duro because they’re applying agile paradigms created for software development and making them applicable to companies that develop hardware. This is a novel approach that’s proving promising for software-intensive products like those in space, industrial electronics, and consumer device industries. They’re taking a unique approach, adapting PLM principles to agile product development with Github style workflows. Duro has made significant progress since we last spoke. In particular, they’ve improved customer onboarding, enhanced and extended integrations, provided more configurability, and made their APIs more capable to provide their customers with more process flexibility. At the same time, they’ve grown their team and their customer base. Duro is definitely an up-and-coming PLM vendor to watch. Thank you Michael Corr, Andrew Pisula, James D White, and Aphrodite Brinsmead for your time.
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[post_content] => I am giddy with optimism after a briefing with Arcstone. Finally, end-to-end supply chain visibility for compliance and sustainability assurance appears possible. This Singapore-based company recognized that a crucial missing piece for supply chain operations is accurate information from the plant floors of everyone in that ecosystem. They also address a way to share that information without undue overhead and hassle. Arcstone has products that span from the smallest supplier’s plant floor to the entire ecosystem.
arc.lite is a free MES for companies that might not otherwise have an IT system for production that digitizes paper-based operations.
arc.ops is a low-code modular MES with 20 modules and powerful integration capabilities.
arc.net is a multi-tier supply chain partner collaboration and real-time visibility tool that can deliver secure traceability through blockchain. T
arc.green leverages all of that supply chain-wide data to create a carbon footprint rating.
Initially, Arcstone is focused on precision engineering industries such as plastic and metal components; complex equipment makers in semiconductor and medical equipment; and filling in gaps in batch process industries such as food and CPG.
To expand their reach, Arcstone works with system integrator partners. Their partnerships with educational institutions are an inspiration also. Students can bring this into their work lives if they realize what is possible.
Thank you, Willson Deng, for spending time to explain your vision. Thank you, Benedict Sotto, for sending great visual materials. I look forward to following Arcstone’s progress as you expand your footprint and customer base in North America and beyond.
[post_title] => Arcstone: MES to Feed Supply Chain Compliance and Sustainability
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[post_content] => Business risk continues to grow and disrupt businesses, markets, and supply chains. Companies struggle to just bounce back from each disruption. But how can they do more, using digital transformation and analytics to bounce forward to take advantage of the opportunities that disruption presents? In this webinar, Jim Brown will share how companies have accelerated new technology adoption and increased corporate agility, helping them better face the never-ending list of disruptions that now includes energy shortages and inflation in addition to unpredictable supply chains and workforce shortages.We will also hear from our sponsor, Dassault Systemes Netvibes about how successful companies gain the full benefits of digital twins by combining the science-based representation of products, factories, and companies through modeling and simulation with the intelligence brought by data science.Register for the live webinar to learn more on December 13 at 11:00 AM EST.
[post_title] => Bouncing Forward with Digital Transformation and Analytics
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[post_content] => Jim Brown will host a panel discussion focusing on what it takes to deliver on the promise of the digital twin. The webinar will focus on what’s currently achievable and what results companies can reasonably expect from today’s commercially available solutions. We’ll compare the pros and cons of buying, building, and assembling digital twins and explore how far a company can go with a platform versus a “best-of-breed” approach. Hear from a fantastic panel of experts:
The session will explore the need for modeling, simulation, IoT, game engines, and more.Register for the latest in this series of executive webinars, scheduled for December 8th at 11:00 AM EST, brought to you by AMC Bridge.
For related webinars in this series, please view:
[post_title] => Path to Digital Twins - Hype vs Reality
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[post_content] => To keep pace with your competition, is it time to upgrade your CAD tool?
Tech-Clarity’s How-to Guide for Changing CAD Tools takes a look at this question and investigates what’s involved. Standing out in today’s global economy is not an easy task, so there is the constant quest for innovation. To innovate, many companies are turning to new technologies like 3D printing, new materials, smarter products, and digitalization. Tech-Clarity’s research How to Futureproof Your Product Design finds that 83% of Top Performing companies rate new technology as very important to their innovation goals. At the same time, new technologies can mean new approaches to design. Is your current CAD solution up to the challenge of new design approaches? If not, your CAD tool may be holding you back from bringing higher-performing, higher-quality, and more innovative products to market, making the struggle to keep up with the competition even harder.
Please enjoy the summary* below. For the full research, please visit our sponsor Dassault Systemes - SOLIDWORKS.
Table of Contents
Table of Contents
Executive Overview
Understand Business Needs for Design
What Drives a Change in CAD?
Set Expectations for the Change
Identifying Top Performers
Identify the Right CAD Solution
Extend CAD
Conclusion
Recommendations
About the Author
About the Research
Acknowledgments
Executive Overview
Do you need to upgrade your design capabilities to keep up with competitors? Competing in today’s global economy is not easy. With significant global competition plus pressure from new entrants and innovative startups, it is tough to stand out. Many companies are turning to new technologies such as 3D printing, new materials, smarter products, digitalization, and more to innovate. Tech-Clarity’s research, How to Futureproof Your Product Design, finds that 83% of Top Performing companies rate new technology as very or extremely important to their innovation goals. However, many of these technologies require new approaches to design. Will your CAD tool support these new approaches? With the right design tools, companies are better positioned to quickly bring high-performing, high-quality, innovative products to market. If you are struggling to keep up with competitors, your CAD tool may be holding you back.
So what should you do if you find your CAD tool is holding you back? Should you consider a change? If so, what should you expect? Is it worth the time to convert archived data into a new format? Most importantly, do the benefits outweigh potential risks? Tech-Clarity surveyed 192 companies to answer these questions. While there are many interesting findings, the most striking is that over time, business reasons rather than problems with CAD tools have become more influential when choosing a new CAD tool. Growing influencers include supply chains, the vendor’s vision for design, and the CAD vendors’ full breadth of offerings. This indicates CAD is now viewed as a strategic piece of a larger product development solution.
The biggest challenges of switching CAD tools are overcoming the learning curve and reusing legacy data. However, you do not need to convert all legacy data. In fact, on average, companies only convert about half of it, 52%. Despite the efforts involved, companies who have made a CAD change tend to be very happy. Eighty-three percent (83%) of respondents rate their satisfaction a four or five on a scale of one to five.
The study also identified what successful companies look for in a new CAD tool. Top Performers are more likely to consider ease of use, Technical Support, software quality, and market share, which includes the size of the user community. Since implementing their current CAD tools, Top Performers have reduced development time by 19%, development costs by15%, and the time to implement ECOs (engineering change orders) by 16%. They have also been able to increase the number of design iterations by 17%, helping them achieve greater levels of innovation.
Conclusion
Empowering engineers can help companies as they struggle to compete in today’s global economy. Quickly developing high-quality, innovative products, more economically helps companies differentiate and stand out from competitors. CAD tools, in particular, can have a significant impact on a company’s ability to achieve this. CAD has evolved significantly, and those who find their existing tool no longer meets their needs or will not support plans for growth may want to consider switching CAD tools. In many cases, companies have found it has had a very positive impact on their business.
Top Performing companies are more likely to consider ease of use and support resources when selecting a CAD tool. This contributes to their ability to realize even more value, in less time.
Recommendations
Based on industry experience and research for this report, Tech-Clarity offers the
following recommendations:
Understand the business goals of your design process and ensure your CAD tool will support them. If not, consider a change.
Consider other factors beyond the features and functions of the CAD tool, but also the ability to collaborate with your supply chain, market share including available community, the vendor’s vision, the relationship with the vendor, and the needs for other supporting design tools.
Consider extended applications as part of the CAD solution, such as embedded simulation, PDM, technical communications, and support for electrical components.
Avoid overestimating requirements for training and loss of productivity by considering ease of use as well as available resources such as Technical Support, market share, and potential hiring pools.
Convert only the legacy data you need. It’s likely, you will only need half of it.
*This summary is an abbreviated version of the white paperand does not contain the full content. A link to download the full research is available above.If you have difficulty obtaining a copy of the research, please contact us.
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[post_content] => How can PLM, traditionally an engineering-centric solution, drive innovation, agility, and operational excellence throughout the entire product lifecycle? Attend this webinar to learn how the right PLM can help manufacturers focus on the big picture, not just engineering, to develop profitable products. Hear from:
Jim Brown, President of Tech-Clarity, reviewing findings from his recent research and leading the panel discussion.
John Baumann, CEO of ThinGap, providing his experience in expanding the role of PLM for manufacturing of sophisticated and precise electric motors
Deb Mishra, CEO of QuadRite, sharing his experience applying technology to drive operational excellence
Please join us for this QuadRite sponsored webinar on November 17, 2022 at 11:00am PT. Register for the live webinar now.
For related research, you can also read our eBook PLM for Operational Excellenceto understand how to choose the right PLM to support operational excellence.
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[post_content] => It’s really exciting to see low code / no code solutions hitting their stride. We’ve been following the approach for a long time and we’re seeing it take shape in some really interesting ways. Julie Fraser and I spoke with Pillir to understand how they’re applying low-code to improve manufacturing and supply chain in the SAP ecosystem. They’ve developed a cloud-based platform aimed at helping companies automate manual gaps with low-code, extending SAP, and modernizing legacy applications.
Companies are facing significant disruption and desperately need ways to increase agility and get more value from existing systems, what our research calls filling digital transformation gaps. Pillir helps by providing pre-built applications built on their platform and allowing customers to use them as is, modify them, or build their own applications tapping into underlying systems. One of the really interesting aspects of their approach is their focus on scanners and other rugged devices, in addition to supporting mobile, online, and offline use cases that are common in manufacturing plants and distribution facilities.
Thanks for sharing what you do, Vaidya Aiyer and Irit Gillath, we’re looking forward to learning more. And thank you for setting up the discussion Suzanne Mattaboni.
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[post_content] => How can you supercharge continuous improvement (CI) to keep up with accelerating demands and stiff competition? As a manufacturer, this is a key question. Tech-Clarity research has some pointers to the answer, and FactoryEye’s got examples too. Join this webinar discussion Nov 16, 2022at 2pm Eastern time to learn:
A new set of expectations for today’s CI program
Why you must go beyond PDCA for more powerful CI results
What data management capabilities deliver superior results
What aspects of plant data top performers have mastered that others have not
Elements of a new style of software designed to supercharge CI
Register for a live discussion with Julie Fraser and FactoryEye’s Jane Biddle to get new ideas for how technology, and specifically modern plant floor software, can transform CI. Thanks, FactoryEye, for this opportunity to share our research and views on ways to supercharge continuous improvement for manufacturing!Related posts from in-person events: Path to a Smart Factory: Industry 4.0 and Bouncing Forward with Smart Manufacturing.
[post_title] => Supercharging Continuous Improvement for Industry 4.0
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[post_content] => I had the chance to check in with Propel to get an update on their Product Value Management (PVM) strategy. I’m usually not a big fan of new acronyms, but they really are talking about something more than the current state of PLM. When I started researching PLM (two decades ago, yikes), I developed a comprehensive framework for what the solution could and should be. At the time, it was influenced quite a bit by consumer-oriented new product development (NPD) processes, where NPD needed to expand to NPDI (adding introduction). Few, if any, PLM vendors had that vision, and I would propose that none fully delivered on the promise. Propel is now realizing that vision. The key difference is filling what they call the “product value gap” between product and commercial teams. Propel’s strategy goes beyond what I envisioned, though, focusing on a comprehensive customer experience that spans products and product experiences. It includes three pillars: Defining the product, product operations, and market engagement. It fits the times and how consumers want to engage with products and companies. Propel is led by strategic, visionary thinkers, including Ray Hein, and has the strong support of Salesforce. Keep your eyes on them. If anyone can shake up the industry and move it beyond PLM to PVM it’s probably them. Thanks Tom Shoemaker for sharing the vision with me.
[post_title] => Propel's Product Value Management (PVM) Strategy (Insight)
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[post_content] => How can remote equipment monitoring improve service performance and profitability? Our buyer's guide shares tangible, practical steps companies can take to improve service through IoT remote equipment monitoring, how IoT platforms help deliver value, and how they can increase benefits with increased maturity.
Please enjoy the summary* below. For the full research, please visit our sponsor PTC (registration required).
Table of Contents
Improving Service Profitability with Remote Monitoring
Begin the Remote Monitoring Journey to Service Performance
IoT Machine Monitoring OpportunitiesMonitoring machines using the IoT offers significant business value including increased quality, manufacturing throughput, and service performance. Of these opportunities, transforming service has become a proven way to improve equipment performance and profitability in the field and in the factory.Service transformation is a good target because service organizations have increased their maturity in the last decade and are now more sophisticated and data-driven. In addition, IoT platforms are now available to ensure companies get beyond a “proof of concept” to improve performance and profitability at scale. And as Dr. Yuri Hovanski, Associate Professor of Mechanical Engineering at Brigham Young University (BYU), explains, “Companies have been using predictive maintenance for decades. It’s not new, but the cost to deploy it 20 years ago was phenomenally expensive.” The Time for Service Transformation is NowThe leaders now have the opportunity to expand on early efforts, apply lessons learned from initial projects, and drive repeatable value that they can grow over time. Those that have not started, on the other hand, likely face competitive threats from more mature organizations.
Improving Service Profitability with Remote Monitoring
Service is a Proven Value DriverThe most common way that companies gain tangible performance gains from IoT is through improved service. 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. Service is an excellent opportunity to leverage advanced technologies like AI, machine learning, and big data analytics. The most common first step is reducing the cost of service through remote monitoring and is within reach for most companies. In addition, companies can improve performance through new service delivery processes like remote service.Use this Guide to Achieve ResultsThis guide shares the tangible, practical steps companies can take to improve service through IoT remote equipment monitoring, how IoT platforms help deliver value, and how they can increase benefits with increased maturity. Then, the buyer’s guide focuses on the essential needs companies must consider to ensure a successful initiative. The requirements are intended to help companies frame their search process and efficiently find the right solution. The checklists go beyond software functionality to cover factors important to implementation, adoption, partner choice, and more. These are the factors that drive long-term business success from an IoT initiative.
Manufacturers can see double-digit increases in throughput from predictive maintenance
Dr. Yuri Hovanski, Associate Professor, BYU
A machine failed in 2020 that cost $450k in downtime and repair to get it back up and running. We implemented a monitoring solution and got an alert allowing us to take the machine down in planned downtime and repair it for $20k to $30k.
Todd Earis, EATON
Next Steps
Recognize the PotentialLeveraging 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 for the customer 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.Get StartedNow, more than ever, it’s critical to get started. Service transformation has gone beyond the early adopters and is now becoming necessary to compete. Companies have to avoid “paralysis through analysis” and make tangible progress. As Danny Jackson of Autoliv advises, “Done is better than perfect, start doing some things. We lost some time trying to do it perfectly, then made more progress by doing things and learning from them.” Adopt a Pragmatic ApproachCompanies have to get started, but they shouldn’t try to accomplish everything at once. Instead, it’s essential to adopt an incremental approach. Companies can organize their service and machine monitoring efforts in small, manageable, incremental “sprints” that will result in broader, transformational value. Each effort should build on the prior one. Companies should create a framework as they solve the first problem, focusing on operationalizing their capabilities and building repeatable solutions. Extend the ValueAs companies become more experienced and data-centric, they can increase the maturity of their service applications and analytics. They can apply results in their own facilities to improve how they service smart products at customer locations. They can extend to other use cases such as customer self-service, remote maintenance, predicting yield, optimizing manufacturing processes, predicting scrap/rework, or reducing process variability. There is a lot of value available across the enterprise and the value chain in addition to improving service.
Buyer’s Guide Checklist
Set Your Criteria and Get StartedRemote equipment monitoring is a proven way to improve service. It’s also a valuable first step in the IoT journey and digital transformation. Companies embarking on a remote monitoring initiative to improve service should look for the capabilities outlined in 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.Machine Monitoring Solution Checklist:
Develop a strategy to improve service performance
Start small and expand value quickly
Identify a problem that would be valuable to solve and will make a meaningful business impact
Get the right capabilities to monitor equipment, analyze data, put data in context, and create actionable service intelligence
Look for predefined connectivity, dashboards, analysis, and applications and don’t start from scratch
Avoid the cost, repeatability, integration, and scalability pitfalls of “do it yourself” initiatives
Adopt a platform approach to remote equipment monitoring
Get the right business and technical help to drive successful adoption
Create a foundation for future growth
Look for a partner with IoT and business expertise and a comprehensive ecosystem
Get started with remote monitoring to reduce service cost, grow service revenue, and develop stronger customer relationships
Expand to other use cases to drive additional 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 PTC (registration required).If you have difficulty obtaining a copy of the research, please contact us.
[post_title] => Improving Service with Machine Condition Monitoring (buyer's guide)
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[post_content] => How can manufacturers accelerate equipment quotes, design, and delivery without sacrificing performance and quality? What four disciplines do they need to digitally transform their design processes to move faster and get designs right the first time despite increasing complexity?
Please enjoy the summary* below. For the full research, please visit our sponsor Siemens (registration required).
For related research, register for the upcoming live webinar: Accelerate equipment design using product design software.
Table of Contents
Innovation Introduces Complexity
Embrace Complexity without Compromises
Adopt a Comprehensive Digital Twin
Integrate and Streamline Design
Enable Cross-Discipline Collaboration
Operationalize Program and Process Management
Move Faster with a Comprehensive Digital Twin and Digital Continuity
Acknowledgments
Rapidly Developing Complex Equipment
Accelerate Equipment Design to Drive ProfitsSpeed is the key to top-line business performance. Equipment manufacturers must rapidly quote, design, and deliver machines to satisfy customers and drive revenue. But speed can’t come at the expense of performance, quality, and cost. Sacrificing product fundamentals leads to poor bottom-line profitability regardless of top-line growth. In addition, trading off quality, cost, and performance to meet due dates damages customer relationships and brand reputation. It’s time for equipment manufacturers to digitally transform equipment design and development so they can accelerate equipment design and get designs right the first time.
Embrace Complexity without Compromises
Adopt a Better Design ProcessDespite the challenges, complexity isn’t an inherently bad thing. Manufacturers can embrace complexity to further technology advances like autonomous operations and connected work environments that allow them to bring new capabilities to market. In addition, they can differentiate by increasing configurability to better allow customers to tailor equipment more exactly to their needs. Mastering complexity lets manufacturers help their customers dramatically improve efficiency and productivity.Digitally TransformTo compete in this complex environment, however, equipment manufacturers must digitally transform their product design and development processes to be as efficient, agile, and adaptable as possible. They have to be able to design more quickly without compromising quality, reliability, or performance. Accelerating design requires a better way of doing things, a collaborative, systems-oriented product development process based on digital data and process continuity. This process should allow them to iterate and innovate without fear, with the comfort that their design and engineering processes are under control.Improve Four Disciplines to Drive Speed with QualityMastering the design of complex products is an opportunity to rise above the crowd. It’s time to digitally transform equipment design and development to raise the bar on the competition through rapid, accurate product design. To support this, we’ve identified four key disciplines to drive speed while accommodating complexity:
Comprehensive Digital Twin
Integrated and Automated Design Tools
Cross-Discipline Collaboration
Program and Process Management
Improving any of these disciplines increases speed without negatively impacting quality, compliance, reliability, or cost. But, of course, the whole is greater than the sum of the parts when companies apply them in combination.
Move Faster with a Comprehensive Digital Twin and Digital Continuity
Improve ProcessesComplex equipment manufacturers must reduce the time it takes to quote and deliver configured equipment to meet customer needs. Today’s markets are competitive and time is the key to winning business. However, companies can’t afford to increase design speed at the expense of performance, quality, or cost. Instead, manufacturers have to accelerate equipment design while getting things right the first time. Embrace ComplexityCompanies shouldn’t trade off complexity for speed, either. Equipment manufacturers have an opportunity to raise the bar on their competitors by not only managing the current complexity of mechatronic equipment but taking it to the next level. With process improvement, manufacturers can innovate with the confidence to incorporate new features and technologies including more electrified, connected equipment. Improve Enabling TechnologyManufacturers can accelerate design without making compromises by adopting the following four key disciplines:
Comprehensive Digital Twin
Integrated and Automated Design Tools
Cross-Discipline Collaboration
Program and Process Management
These capabilities require a cohesive platform of solutions that supports a comprehensive, collaborative product development process. The solution should combine requirements management, design, simulation, data management, analytics, product verification, and program management capabilities. Equipment manufacturers should look for a product innovation platform that offers these capabilities but also recognize the need for the platform to integrate with additional design solutions. As with all new technology adoption plans, we suggest investigating cloud platforms for their inherent advantages and to ensure the chosen solution remains viable in the market well into the future.Get StartedComplexity and short leadtimes are the reality now and into the future. Equipment manufacturers need to embrace both to their advantage as competitive levers. Companies can start by focusing on each or all of the disciplines identified to increase their equipment design maturity and performance. The results will be the ability to innovate without fear and accelerate equipment design without sacrificing quality – allowing them to outperform the competition. However, those who don’t improve will likely be left behind by competitors who do.*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 (registration required).If you have difficulty obtaining a copy of the report, please contact us.
[post_title] => Increasing Equipment Design Velocity (eBook)
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[post_content] => What strategies are companies adopting to ensure long-term business success and profitability as they experience constant business disruptions like COVID, supply chain instability, and now armed conflict in Ukraine? What impacts do these events, coupled with increased environmental, social, and governance (ESG) pressure, have on their business? How are they transforming to overcome growing risk? Read our 4th annual survey for insights.
Please enjoy the summary* below. For the full research, please visit our sponsor Dassault Systèmes (registration required).
For related research, please read our prior survey results: Business Sustainability and Transformation Strategies 2021,Business Sustainability and Survival 2020, and Executive Strategies for Long-Term Business Success 2019.
Table of Contents
Business Risks and Disruption are Expanding
European Conflict Adds to Existing Challenges*
Fundamentals and Strategy Drivers Largely Unchanged*
Focus on Long-Term Business Sustainability
Increased Attention to ESG*
Drivers of Increased ESG Focus*
Companies Report Ambitious ESG Plans
Companies Report Putting ESG Plans into Action*
Adopting Technologies to Support the Pillars*
Conclusions and Recommendations
About the Research*
Acknowledgments*
Risk and Disruption Persist, ESG Pressure Grows
Business Risk and Disruption Continue to Climb“Business is all about risk taking and managing uncertainties and turbulence,” said billionaire industrialist Gautam Adani. Managing disruption may never have been more important than over the last decade. Starting in 2019, our research series, Executive Strategies for Long-Term Business Success, reported significant growth in business risk and disruption. The survey series then tracked related business trends, as companies shifting focus to survive the COVID-19 pandemic in 2020. Then, in 2021, companies leveraged digital technologies to emerge more agile and resilient to disruption. This year finds business risk and disruption increasing again, highlighted by supply chain disruption, energy shortages, and labor shortfalls. In addition, the conflict in Ukraine is creating extensive global market impacts. Increasing Urgency on Sustainability IssuesBeyond these disruptions, the 2022 survey finds increasing business pressure related to environmental, social, and governance (ESG) concerns. Environmental compliance and social responsibility have always been pillars of long-term business sustainability. Now, they have become more urgent as climate change advances, financial markets pay more attention, and governments adopt specific dates to achieve goals such as net zero carbon. Our survey of 183 companies now finds that ESG is a more urgent part of a comprehensive business sustainability strategy that includes digital transformation, product/service innovation, developing/retaining the future, and capturing knowledge/IP.What are companies doing to ensure long-term business success in these turbulent times? How can they leverage the pillars of long-term business sustainability to succeed?
Focus on Long-term Business Sustainability
Focus on the Pillars of Business SustainabilityOur executive survey series tracks a collection of areas companies must address to survive and thrive despite persistent risk and disruption. These pillars have evolved with our research and include:
Digital Transformation / Adopting New Technology
Product / Service Innovation and Agility
Workforce Development
Environmental and Social Sustainability
Adopting New Business Models
Our research shows that managing the impact of global disruption frequently takes focus and energy away from these critical factors. However, as our Business Sustainability (and Survival) Strategies 2020 report states, “Despite global disruption, companies must continue to focus on the pillars of business sustainability to ensure long-term success and viability.” Data from this study indicates that the importance and urgency of the pillars are well aligned.Focus on the Digital Transformation and Innovation Remain StrongThe current survey shows that the focus on digital transformation remained the highest of the pillars and continued to accelerate. Product and service innovation also remained a high focus. This represents an optimistic view to stay relevant well into the future and aligns with findings that new market opportunity and long-term growth goals are the leading factors dictating corporate strategy. This is important because, as the 2021 report concluded, “Companies that don’t accelerate digital transformation are at significant risk for both future disruptions and being left behind during the recovery.”
Companies Report Ambitious ESG Plans
Companies Recognize Business Impact of ESG InitiativesDrilling down into sustainability plans, researchers investigated which goals companies believe will significantly impact their company’s long-term success. More than three-quarters of companies viewed all of the ESG initiatives investigated as either critical or important to their success. This perspective confirms that all of these initiatives; shifting to renewable energies, adopting circular economy principles, pursuing sustainable production, and reducing carbon, are business necessities. Fortunately, these initiatives are interrelated, and pursuing any of them may help reach the objectives of others. For example, renewable energies can help reduce carbon emissions. Going Beyond the MinimumESG needs are essential to business success and becoming higher priorities due to customer and market demands. So how are companies reacting to requirements? In prior studies and experience, we’ve encountered many companies doing the least they could do, typically to avoid regulatory action. In this study, we asked respondents to share both the timing and the scope of their company’s plans to meet environmental and social responsibility requirements. The majority of responding companies focus on meeting all customer / government requirements for scope and timing. Conversely, very few companies only plan to meet either “some or very few” or only address requirements that are most actively enforced or expected to be enforced. In fact, about one-third of companies plan to exceed expectations. Of course, stating these as objectives is not as easy as attaining these goals, but it's a positive sign that companies are taking a more proactive stance on ESG.
Conclusions and Recommendations
Take a Balanced Approach to Business SustainabilityCompanies will have to continue to deal with business risk and disruption. It is the status quo. Although companies are moving away from the crisis response to COVID, they are still dealing with supply chain, energy, workforce, and financial market issues that are getting worse due to factors like the conflict in Europe. Companies must focus on business fundamentals and be agile to adapt to changing circumstances so they can drive long-term business success. They need to take a balanced approach to address all of the pillars of business sustainability, including:
Digital Transformation / Adopting New Technology
Product / Service Innovation and Agility
Workforce Development
Environmental and Social Sustainability
Adopting New Business Models
Place Greater Emphasis on ESGThe most surprising finding in this year’s study is a significant rise in focus on ESG. Survey results show an increased recognition of ESG’s role in maintaining success and profitably over the long term. Customers and markets are now demanding social and environmental sustainability. Although prior surveys showed an awareness of these needs, there was a significant disconnect between awareness and action. The most dramatic change in the data is that companies report that they are taking action. Respondents report that they are actively pursuing ESG goals, including:
Renewable energies
Circular economy
Sustainable production
Decarbonization / reducing carbon
*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 Systèmes (registration required).If you have difficulty obtaining a copy of the report, please contact us.
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[post_content] => What do industry experts and your manufacturing peers have to say about Industry 4.0 and smart manufacturing initiatives? Join this free live event on October 6th in Charlotte, North Carolina to learn and share your experience.Our own Jim Brown will keynote the conference. He will share his research on how manufacturers can “bounce forward” from recent disruptions with smart manufacturing. Then you’ll hear from a host of knowledgeable speakers and have the opportunity to join in the roundtable discussion to learn from the presenters, panelists, and peers alike. And you can stay for the happy hour to continue the conversations or just enjoy the experience at The Barrel Room at Trip C Brewing Co. List of speakers:
The last event was a great learning experience! For full event information and registration please visit the event sponsor, FactoryEye. You can also view the event brochure or a summary video to learn more.
[post_title] => Path to a Smart Factory: Industry 4.0
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[post_content] => How can heavy equipment manufacturers accelerate how they quote, build, and deliver equipment to grow revenue without forfeiting profits by sacrificing quality and performance? This webinar shares four disciplines that equipment producers can adopt to implement a world-class design process based on a comprehensive digital twin and digital continuity.
Register for this live webinar sponsored by Siemens on September 28th to hear Jim Brown share the results of his recent research, Increasing Equipment Design Velocity.
For related research, watch the Improving Performance Engineering webinar to learn how companies can increase performance engineering maturity to develop more innovative, high-performance equipment with fewer prototypes and lower costs.
[post_title] => Four Disciplines to Accelerate Heavy Equipment Design
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[post_content] => How do Top Performing companies get better results with their multi-disciplinary development projects? Projects involving multiple engineering disciplines such as mechanical, electrical, and software can be incredibly complex. How much time do team members waste searching for information, investigating and fixing errors, dealing with integration issues, working around poor architecture design choices, and redoing work due to miscommunications? How much better could products be if more of that time went to innovation and improving designs? How do Top Performing companies deal with this?How to Improve Multi-Disciplinary Project Performance with Model-Based Systems Engineering (MBSE), a research study based on a survey of 193 companies, examines the practices of those involved with multi-disciplinary development projects. The study looks at what Top Performing companies do to achieve better results than their peers and identifies how any company can improve efficiency, lower cost, and increase quality.Please enjoy the summary* below. For the full research, please visit our sponsor IBM (registration required).
Table of Contents
Executive Summary
Importance of Systems Engineering Best Practices
Business Impact of System Challenges
Identifying Top Performers
Top Performers' Strategies
Model-Based Systems Engineering (MBSE)
What to Look for in an MBSE Solution
How Top Performers Use MBSE
Preparing Staff to Support MBSE
Drivers to Adopt MBSE
MBSE Results
Recommendations
About the Research
Acknowledgments
Executive Summary
Today's Modern Products
Many of today’s products have evolved into complex systems of mechanical components, electronics, and software. Consequently, systems engineering best practices have become essential as demand for integrated systems has continued to increase. These practices have become instrumental to product development in many industries, especially aerospace and defense, automotive, industrial machinery, medical devices, consumer electronics, and others.
The Cost of Suboptimal Processes
While companies continue to release products, most struggle with increasing complexity, more requirements, late discovery of problems, and poor collaboration. Unfortunately, these challenges add significant cost and hurt profitability. While these costs may not be easy to quantify, do not underestimate their impact as product complexity grows. Those who do not look for better ways to manage these challenges risk falling behind their competition and suffering significant profitability hits.
This research explores the plans Top Performers have for the next 12 months, revealing insights companies can use to improve their development processes. Top Performers plan to embrace digitalization further, invest in solutions that better integrate engineering disciplines, adopt systems engineering best practices, and transition from a document-based approach to a model-based one. A finding that stood out is that Model-Based Systems Engineering (MBSE) is becoming a crucial enabler.
MBSE
An overwhelming 97% of Top Performing companies have adopted MBSE or plan to adopt it. Companies that have already adopted MBSE report benefits such as a single source of truth, improved traceability, and a common visual reference. As a result, their teams are more productive and produce higher-quality products. While 99% of all companies that have deployed MBSE report benefits, Top Performers experience even more value due to how they adopt and use the solution. Further, many companies that have adopted MBSE report even more benefits than anticipated by their own estimations.
This Research Report
This research report reveals:
Why you should consider adopting MBSE
How to get even more value from MBSE
Benefits you can expect to realize with MBSE
Business Impact of System Challenges
Business Impacts
While products still get released, ignoring the top challenges of system design comes at a high cost. The graph reveals the top business impacts of the challenges associated with designing multi-disciplinary systems.
Higher CostWithout suitable methods for managing system complexity, mistakes are hard to avoid. It’s also harder to catch errors early and identify all the impacts, especially considering interdependencies across components and subsystems. Finding problems late can result in rework, hours or even days of wasted effort, and scrap, increasing costs. Plus, late discovered problems take longer to correct, which means longer development times and delays, further increasing development costs. Then when you consider the impact across all system variants, costs grow exponentially.
The lack of good ways to plan and visualize complex systems can compromise optimal decisions around system architecture. This can lead to higher product costs and more brittle systems that make changes even more expensive and time-consuming.
Less Innovation and Revenue
Innovation sets your products apart, excites customers, and drives revenue opportunities. If your development teams cannot deliver on innovation, your company will miss out on future revenue streams and lose market share to more innovative competitors.
Innovation requires dedicated effort. However, engineers report they waste over half their time on system integration, which consumes their bandwidth to innovate.
Recommendations
Recommendations and Next Steps
Developing multi-disciplinary systems is inherently complex. Suboptimal processes can result in higher costs, less innovation, lost revenue, and poor quality. However, companies can enjoy a competitive advantage by improving profitability with the right practices and technology. MBSE can be particularly useful.
Based on industry experience and research for this report, Tech-Clarity offers the following recommendations to improve the development of multi-disciplinary systems:
Transition from a document-centric approach to a model-based one to enjoy the benefits of digitalization and greater automation of development processes.
Invest in solutions that will integrate content across engineering disciplines to support better collaboration across the development team, throughout the lifecycle.
Think about software development early in the lifecycle. Developing optimized complex products may require rethinking traditional hardware approaches, starting with a system-level approach that considers software from the start.
Consider adopting MBSE as part of recommended systems engineering best practices.
Leverage MBSE throughout the entire development lifecycle, not just as an upfront tool for initial definitions, but also use it for simulating and prototyping to verify and validate the system.
Think through how to best support your staff to overcome cultural resistance so that they are more open to MBSE adoption.
*This summary is an abbreviated version of the research and does not contain the full content. For the full research, please visit our sponsor IBM (registration required).If you have difficulty obtaining a copy of the report, please contact us.
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[post_content] => What does the future of PLM look like in the CPG industry? Watch this webcast to gain insights into the value of PLM, its importance to broader supply chain and digital thread processes, and its ability to help CPG companies innovate smarter and faster than ever before. Jim shares the findings from his survey on the future of PLM in CPG and engages an industry expert panel including:
View the webinar replay hosted by Christina Steiner, Oracle Alliances Marketing Manager at Kalypso. Register by visiting the Kalypso Next Generation of PLM page and scrolling down to Register Now.
For related research, watch The Future of PLM in CPG (webcast)to find out if PLM is ready to support the future of the digital consumer packaged goods industry.
[post_title] => The Expanding Role of PLM in CPG
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[post_content] => Manufacturers continue to move product data and product-related processes to the cloud. What’s driving them? What value are they looking for, and what are they achieving? We surveyed 270 companies that design, engineer, or manufacture products to find out.
Please enjoy the summary* below. For the full research, please visit our sponsor Autodesk (registration required).
Table of Contents
Multi-faceted Cloud Benefits
Achieving Significant Benefits
How Does the Cloud Impact Performance
Digitalize Data and Processes
Expand Cloud Data and Processes
Increase Product Data Management Maturity
Integrate Cloud Data and Processes on a Platform
Taking the Next Steps
About the Research
Acknowledgments
Extending the Value in the Cloud
Top Performers Leverage the Cloud for Product Data and ProcessesThe survey shows companies are going beyond primary cloud benefits to improve system cost, deployment, and operations. Although these benefits are valuable, manufacturers need more. They are looking for ways to change how they work. Over three-quarters of respondents say that the cloud is important or critical to driving digital transformation. Top Performers, those that report better product design and development performance, are even more strategic about their cloud adoption. This eBook shares how Top Performers extend cloud use for product-related data and processes and offers recommendations for manufacturers to get the most out of their cloud strategy.
Achieving Significant Benefits
Companies are Gaining ValueManufacturers are achieving multifaceted benefits. Respondents shared the operational and business benefits their company receives from having product-related data and processes in the cloud. These are in addition to IT and general advantages of the cloud span solution categories and are relatively well known. Moving product data and processes offers some unique benefits, as well. For example, high-performance computing (HPC) is the most common benefit. HPC can allow companies the flexibility to perform resource-intensive processes without investing in high-end workstations or enable engineers to work from home. In addition, flexible, scalable compute power makes high-value tools easily accessible to infrequent users or new teams without the need to add additional resources like RAM or GPUs.The Cloud Makes Work Easier and More FlexibleThe next most common benefits are those that make work easier. Moving product-related data and processes to the cloud allows remote and flexible work, supports business agility, allows easier access to data, and enhances collaboration. These are very valuable for today’s distributed product design and development teams. They are also important as companies have adapted to changing markets and ways of working to cope with recent global disruptions like the pandemic. Additional benefits include enhanced talent acquisition and retention, greater supply chain connectivity, better data and knowledge retention, and continuous process improvement.
Taking the Next Steps
Take Advantage of Cloud BenefitsManufacturers target the cloud for digital transformation and achieve a broad array of benefits. The benefits of the cloud are proven and achievable. Take advantage of the cloud for product data and product related processes to achieve measurable benefits in the following areas:
Operational benefits
IT / implementation benefits
Business / strategic benefits
Follow the LeadersMoving product data and processes to the cloud is no longer on the cutting edge. Instead, it has become the new norm. Companies that aren't taking action, barring specific regulations or circumstances preventing them, are likely missing an opportunity and falling behind those that do. The companies that went first have paved the way for others and helped software vendors mature their offerings. Of those, those that are better hitting their product development targets are further along in their digital transformation. Based on the research and experience of the Top Performers, we recommend:
Fully digitally transform product data and processes making it easier to share, reuse, and collaborate with others across the enterprise and the value chain
Have more fully integrated data and processes in the cloud, providing a complete digital thread and a single version of the truth and coordinated actions that helps accelerate product development, encourage reuse, and drive higher quality
Adopt more mature, best practice approaches to product data and processes in the cloud including
Deploy more integrated cloud solutions or a platform to achieve greater product design and development performance
*This summary is an abbreviated version of the research and does not contain the full content. For the full research, please visit our sponsor Autodesk (registration required).If you have difficulty obtaining a copy of the report, please contact us.
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Manufacturers continue to move product data and product-related processes to the cloud. What’s driving them? What value are they looking for, and what are they achieving? We surveyed 270 companies that design, engineer, or manufacture products to find out. Please enjoy the summary* below. For the full research, please visit our sponsor Autodesk (registration required). Table…
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