A single source of data and processes needs to be in place for a team involved with new product development and introduction – a global team consisting of design, marketing, engineering, supply, manufacturing, and service functions. IDC Manufacturing Insights envisions a unified platform that should include the following considerations:
- Visual decision making and open innovation is difficult if all parties involved in the product development process are not working in the same system.
- Systems engineering across multiple engineering and manufacturing domains needs to be unified.
- Product life-cycle economics includes business and cost rationalization of product decisions and product development is tied to business strategy and goals.
Learn more in our whitepaper "Powering the 4th Industrial Revolution: Innovation and the Need for Speed in Industrial Equipment".