Growth & Innovation, Research & Development, Engineering, Operations, Manufacturing
Collaborative engineering tools are transformational for many organizations. In addition to reducing time to market, they reduce cost, eliminate errors, and create an environment of information sharing that is resulting in better products. The future will not only see greater improvements in cycle times but will also see a greater expansion of data analytics tools and larger teams to include suppliers and others in the organization, having an overall impact on the bottom line.
While technology advancements surrounding connected devices and data analysis hurtle forward – and costs and barriers to entry generally are falling – some companies still feel as if they’re missing out on something, scrambling to get on the cutting edge.
It’s safe to say that the Industrial Internet of Things (IIoT) has crossed into the mainstream. In part 1 of this blog series on monetizing IIoT, we shared some findings from MAPI’s recent white paper, developed with PwC, which focused on where U.S. manufacturers currently stand in their adoption and development of IIoT technologies. One finding in particular said it all: nearly nine in ten survey respondents said they are currently offering or are in the process of developing IIoT products or services.
Growth & Innovation, Research & Development, Research, Innovation, Operations, Information Technology
Germany and the U.S. continue to drive innovation around the Industrial Internet. The two countries are economic powerhouses and they are keenly aware of the importance of internet connectivity for business applications. Yet their approaches to harnessing it differ, as I documented in a 2015 report. What’s changed since then?
Growth & Innovation, Customer Experience, Voice of the Customer, Marketing, Customer Segmentation, Strategic Marketing, Research & Development, Product Development
If you’re a B2B manufacturer, compared to your B2C counterparts, your customers probably have more knowledge, interest, objectivity, and foresight, and there are fewer of them. For example, B2B customers can usually give you more insight into their desired outcomes.
Growth & Innovation, Research & Development, Research, Innovation, New Product Development, Operations, Manufacturing, Production
Virtual reality has many applications beyond video games, particularly for manufacturing. Companies are leveraging this technology for product development, prototypes, training, and factory floor layout. Ford and BAE Systems already have reputations for using virtual reality to shorten product design cycles and save costs.
Growth & Innovation, Research & Development, Research, Innovation, Leadership, Human Resources, Leadership Development
In Originals: How Non-Conformists Move the World, Wharton professor Adam Grant inspires and informs with diverse examples from business, entertainment, politics, and history; busts myths about idea generation and selection; and provides research-backed advice about how to encourage originality and sell others on new ideas.
Global Economy, Economic Environment, Global Regulatory Environment, Labor, Growth & Innovation, Research & Development, Research, Innovation, Leadership, Human Resources, Recruiting & Hiring, Operations, Information Technology