In the age of the Internet of Things (IoT), product companies face unprecedented change. Complex, connected products incorporate hardware, software and electronics into systems that communicate with other products, services and people via always-on Internet connections.
As companies rush to bring new products to market, business processes designed for a simpler era are being stretched, causing numerous quality problems resulting in rising product recalls, warranty claims and liability issues.Download the Research Report
Software represents more than 35 percent of a car’s total cost and is growing rapidly.
Research Report: IoT’s Impact on the Business of Engineering
Product complexity has increased exponentially and continues to accelerate, raising many new challenges:
Coordinating mechanical, software and electronics
Managing suppliers that control critical technologies
Ensuring product safety when updates occur in the field
Maintaining compliance with a maze of new regulations
More than two decades ago, major manufacturers began implementing PLM to address these challenges. But according to independent analysts CIMdata:Download the CIMdata Commentary
Few PLM implementations achieve their original goals and often end up as PDM silos that struggle to evolve as business needs change.
CIMdata Commentary: "The Business of Engineering"
Today's winning companies power the business of engineering by integrating cross-discipline product development, manufacturing and field service with flexible processes across the extended enterprise, including suppliers, partners, customers and other stakeholders.
In a recent TEC guest blog post, Aras CEO Peter Schroer highlighted the need for a PLM platform to power the business of engineering.
“What’s required is a true cross-discipline approach to provide product data and process frameworks that span the enterprise”.
Aras CEO Peter Schroer