Contents
- Executive Overview
- Change Drivers
- Demand for Smart, Connected Products
- Other Drivers
- Takeaways
- Benchmark Methodology and Organizational Performance
- Splitting Respondents into Groups
- Prototyping and Testing
- Executive Change Orders
- Circuit Board Respins
- Takeaways
- Enablers of Performance Gains
- Approaches to Creating Product Development Deliverables
- Approaches to Managing Product Development Deliverables
- Traditional, File-Based, Locally Installed Solutions
- Progressive, Cloud-Based Technologies
- Takeaways
- Summary and Recommendations
Manufacturing faces unprecedented economic and social uncertainty this year. Many manufacturers decided to pursue technology-led initiatives because their current processes couldn’t keep up with the shift in the market.
To gain more insight into these issues, Lifecycle Insights executed a survey-based research program called the Product Development IT Ecosystem Study. Specifically, it investigated the impact of employing more progressive IT ecosystems instead of more established ones. This reports breaks down the findings of the study and provides recommendations on how companies should update their product development IT ecosystem.