Today’s manufacturers face intense pressure to dramatically reduce product cost and development time, all while their products are becoming exponentially more complex. Read on to learn how manufacturers can respond to this pressure and level the playing field with a model-based enterprise future.
Disruptors already know the benefits of a model-based enterprise future. They’re unconstrained by legacy thinking, processes, and systems and have adopted a fully model-based approach. Meanwhile, others are working to quickly transform their enterprises as well. Our research indicates that more than 85% of enterprises across industries are undertaking initiatives to bolster their MBE capabilities.
While aligning the entire organization can be a daunting proposition for some, it is entirely achievable by leveraging the experiences of others who have paved the way to transformation. By taking a methodical approach, organizations can define and execute a realistic road map and realize the full business value of MBE capabilities.
Together, these MBE outcomes can have a significant impact on how products are created, manufactured, and serviced. When executed correctly, and data created by one step in the process is used directly by the next, teams focus less on traditional day-to-day tasks (e.g., data entry and validation) and more on future-facing innovations (e.g., data analysis and insights). This creates an environment of higher employee satisfaction, given that employees are working on innovation and value-added activities versus the rework and manual activities that they do today. This also creates an environment in which processes are executed using platform engineering, model-based systems engineering, and simulation-based analysis in an integrated fashion.
The vision for the future is clear—what’s needed is a plan to get there.
Transforming a traditional organization into an MBE takes collaboration; no single function or discrete technology investment can deliver the digital thread and MBE objective. The path forward requires a plan to bridge the gap between today’s outdated processes and technologies and the value of tomorrow’s model-based capabilities.
By virtue of experience with our clients, we know that enterprises don’t need to start from scratch. The many challenges organizations face in bringing a product or service to market have solutions that are already in use by industry leaders. Bridging the gap from current challenges to future successes only depends on an enterprise’s ability and willingness to take transformational steps. Taking near-term, value-based steps today can self-fund future steps toward becoming a fully model-based enterprise, where you can design more strategically, manufacture more efficiently, and serve customers more effectively.