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Nowadays technical product design is not an easy task, design teams are dealing with many challenges that are making product innovation critical to remain competitive in today’s industry market. One of the key challenges is the increasing level of complexity. A key part of that is coming from the Industry 4.0 initiative. Essentially, this means that companies need to manufacture machines with decentralized, autonomous machines that communicate with one another and the products they are manufacturing, so they can deliver customized products – machines. Another challenge is that the world becomes smaller, and with that, companies are facing the challenge of a global supply chain and worldwide competition pressure. Coupled with these is the mounting end customer demand for customized products, which drives demand for customized machines.
The question is what would be the cost of status quo. If companies do not address the challenges they face today and adapt their product development processes and especially early on in the requirement analysis and bid preparation process, it will affect their bottom line. In this session we will present and demonstrate how we can help to overcome these challenges by offering solutions that automatically dissolve boundaries for ideation realization and utilization but also mechanical, software, and electrical components.
Rick Stroot, Innofour
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