Smart Products & Intelligent Factories Need Multi-Disciplinary Capabilities
February 21, 2022
Industrial firms across sectors are focusing on developing the next generation of smart products and intelligent factories. This is due to a surge in digital transformation trends. These smart connected devices, on the other hand, are extremely complicated in terms of built-in intelligence, connectivity, security, and compliance requirements, as well as the need to provide sophisticated functionality. Organizations encounter difficulties in generating complicated products and variants across big, geographically dispersed, multidisciplinary teams.
We now need to build the next generation of smart connected goods and intelligent factories. Therefore, organizations need an integrated design strategy with improved collaboration between many disciplines such as mechanical, electrical, and software.
Additionally, product developers and manufacturing engineers may design, model, and evaluate the complex behavior of smart goods and intelligent production systems early in the product lifecycle using advanced functionality from PLM suppliers with multidisciplinary development capability.
This cuts the time and expense of designing, specifying, and validating complex goods, processes, and systems in half. It also generates more money for PLM suppliers by tackling the complexities of smart products and processes across industries.
PLM Functionalities are in High Demand to Support Emerging Technologies
Providers of PLM have come a long way in terms of integrating capabilities to support emerging technologies that may have an impact on product development processes. PLM suppliers are constantly pursuing mergers, acquisitions, and partnerships in order to assist users in incorporating upcoming technologies. Namely additive manufacturing, virtual reality (VR), and augmented reality (AR).
To support the organization’s smart manufacturing goals, PLM providers are adding additive engineering and manufacturing technologies into their services.
Several industries, such as aerospace and defense, industrial equipment, automotive, and others, are increasingly using additive manufacturing to print complicated parts that would otherwise require complex machining. This reduces the cost of tooling for obsolete service components.
PLM providers are continuing to develop their virtual and augmented reality devices and software to give their customers a competitive advantage in bringing innovative goods to market faster. Thus, organizations are increasingly turning to virtual reality and augmented reality (VR/AR) to speed up the entire product lifecycle process. Users can execute a computer-generated simulation of product definitions, process design, inspection, and training using virtual reality.
PLM suppliers continue to develop their virtual and augmented reality devices and software to give their customers a competitive advantage in bringing innovative goods to market faster. Organizations are increasingly turning to virtual reality and augmented reality (VR/AR) to speed up product lifecycle processes. Users can utilize virtual reality to simulate product definitions, process design, inspection, and training using a computer-generated simulation.
Cloud PLM is Gaining in Popularity
For the implementation of enterprise software and business systems, the majority of large enterprise firms are migrating to a cloud-first strategy. However, cloud-based PLM solutions are still in the early stages of development, with most providers preferring on-premise implementation.
Traditional PLM companies, on the other hand, are heavily investing in cloud PLM capabilities for private, multi-tenant, and hybrid installations. The majority of existing cloud PLM installations are aimed at non-traditional industries and small businesses.
Product Lifecycle Management (PLM) has evolved into a Product Innovation Platform.
PLM suppliers are investing heavily in developing a product innovation platform with next-generation integration and interoperability capabilities. Allowing to serve a wide range of PLM-enabling apps, enterprise systems, and business systems. Subsequently, PLM suppliers are concentrating their efforts on developing a number of out-of-the-box functions and applications. These applications can be quickly implemented using an integrated product innovation platform.
To facilitate immediate integration of a wide range of applications, PLM suppliers may need to develop a robust ecosystem of technology partners. PLM vendors may also establish an open API-based technology architecture. This attracts a larger number of developers and service providers to boost the platform’s effectiveness.
Businesses understand the importance of the client experience. It not only aids in the development and renewal of the company’s brand but also in the maximum of profits through the development of successful approaches. They aid in the expansion of the company’s online presence across several platforms. This allows the organization to engage with current and new customers. As well as sell its products and services to a certain demographic. Intelligent factories and smart products need to achieve these requirements.