Executives are prioritizing cost reduction while enhancing short-term productivity through high-level initiatives. Digital transformation plays a crucial role in boosting R&D efficiency, focusing on speed, agility, quality, and successful new product introductions with minimal risk. The discussion should encompass integrated systems across various business domains, such as mechanical and electronic design, engineering analysis, manufacturing, data management, product lifecycle management, and enterprise resource planning.
Design and manufacturing leaders face the challenge of evaluating tools and systems to understand their true value. While change is often met with resistance, experts agree that minor improvements are insufficient to warrant disruption. Significant productivity gains and new product introduction efficiency are necessary for successful system changes. It’s essential to consider the entire process and multi-domain workflow, addressing misalignments where capabilities in one tool are not supported by others. Large projects with substantial budgets are particularly affected by design issues, leading to costly delays.
- Electronic and mechanical designers face the challenge of collaborating on PCBs
- Electronics designers and manufacturers face the challenge of finding systems with significant advantages.
- 59% of complex products need at least two extra design iterations to fix electromechanical issues.
- 68% of corporations cite synchronizing electronics, mechanical, and simulation design as a major challenge.
