How can manufacturers improve their product innovation processes to outperform their competition? Jim Brown shares his perspective on digital transformation for innovation and invites manufacturers to take a free digital innovation assessment in his guest post on the Siemens Thought Leadership Blog.
Top Innovators have Digitally Transformed Innovation
Product innovation requires inspiration and a conducive culture to flourish. It is also heavily reliant on effective product design, development, and engineering practices. Turning an idea into a profitable product takes a coordinated effort supported by the right processes and tools. Our research shows that top innovators – those companies that outperform their competitors in revenue growth, profit margin expansion, and product portfolio freshness – have digitalized their product innovation process. These companies have embraced digitalization across four pillars:
- Digital Twin
- Digital Thread
- Digital Manufacturing
- Digital Innovation Platform
Please click the synopsis below to read the full guest post on digital transformation for innovation including:
- The four pillars of digital innovation
- How to understand your digital innovation maturity
- How to benchmark your maturity and get customized recommendations
- An invitation to take the assessment to benchmark your company
- Next steps
Ready to take the assessment? You can reach the Digital Innovation Maturity Assessment directly here. Or, read more about the assessment tool here.