November 5, 2019
The pressure is on C-level executives to incorporate innovative technologies into their products. The realities of creating new and unexplored concepts, while accounting for more and more smart connected products, and continually adapting to changing market uncertainties, is making it challenging for companies to compete effectively.
In pursuit of this, they are looking to new trends and disruptive technologies that promise to increase competitiveness, gain market share, and allow for moves into adjacent markets.
However, the drive to define and develop these complex solutions is incomplete without the strategy and platform necessary to support them.
Creating the platform to deliver and adapt contemporary solutions into the organization’s existing technical landscape and business processes quickly, and with minimal disruption, will be a differentiator between fully realizing the benefits of these initiatives versus a generation of investments unable to meet their potential.
The CIMdata 2019 Market Analysis Report (June 2019) states that digitalization and complexity are driving several major trends in the product engineering discipline, including: product innovation platforms, modeling and simulation platforms, model-based systems engineering, digital thread and digital twin, and democratization of modeling and simulation.