In an increasingly competitive global marketplace, companies face significant pressure to maximize production to meet demand. This pressure makes it essential to maintain a high level of overall equipment effectiveness (OEE). As a result, strategies and initiatives that maximize equipment availability, equipment performance, and product quality are critical to today’s manufacturers.
To better understand why 2D CAD persists as a mainstream tool for those in the AEC industry, Lifecycle
Insights conducted the 2023 CAD Solution Study. Findings from the study not only validated 2D CAD’s persistence as a mainstream solution, but they also revealed that many organizations use it alongside 3D CAD solutions.
Today’s engineering organizations face increasingly intense competition. These companies are under significant pressure to improve product quality, increase revenue, minimize operational inefficiencies, and bring new products to market before their peers. To achieve these and other important goals, many companies are pursuing engineering transformation (EX) initiatives.
It seems like every industry is undergoing an electrification transformation in one way or another. At the center of that transformation is an increasing reliance on industrial battery systems and a rapidly growing demand for more powerful and efficient batteries.
Shipbuilding has never been a simple undertaking, and that’s true now more than ever. Requirements in the industry are growing more complex, new technologies are being introduced, and external partners are increasing in number, making it even more challenging to deliver projects on time and on budget. At
the same time, doing so has never been more important. Today’s shipbuilders must satisfy quality requirements, meet industry standards, and hit deadlines to remain competitive and navigate a volatile global economy. Those with inefficient communication or data-sharing practices put deadlines at risk and increase the likelihood of delivery delays and associated penalties.
Heavy equipment engineering is already a complicated undertaking, but advancements in smart, connected technology have introduced even greater complexity. Today’s heavy equipment features mechanical, electronic, and electrical components—and also brings sensors and software into the mix. As a result, engineering teams across disciplines at heavy equipment companies must coordinate their work during the design phase while simultaneously collaborating with other internal and external stakeholders.