What is Digital Transformation?
Digital transformation isn’t just an industry buzzword—SMBs across the globe are putting technology to work to support their business processes, improve the methodology of innovation and provide greater value to their customers.
A recent IDC survey of small and medium businesses shows that almost half agree that digital transformation will be essential to their company’s survival in the next 3-5 years. And many are already well underway in their transformative journey:
are budgeting for digital transformation
have begun the process of digital transformation
say technology levels the playing field vs. larger corporations
say digital transformation has helped free up resources and allowed business growth
As small and medium businesses invest in engineering, design and product development processes, they find that engineering and manufacturing can collaborate more easily, they gain business agility and can respond more quickly and precisely to changing customer demands, and they can bring their products to market faster. Where will your journey take you?
Digital Transformation in Product Design & Development: The Opportunity for SMB Manufacturers
A recent IDC study examined current and future investment plans of SMBs to help identify where changes in their plans for product design and development might be needed.
A Focus on Industry 4.0
Digital initiatives are all a part of what is being called the next industrial revolution, also referred to as Industry 4.0, which enables greater business agility and profitability. Over 60% of midsize manufacturers (500 – 3,000 employees) either have or plan to have a smart, connected Industry 4.0 initiative in the coming year, according to IDC.
What does this mean for you? Manufacturers need to educate themselves and take action, or risk being left behind. But you don’t need to get fully “connected” overnight – the key is to get started on your digital journey. Digitalization of your product development process – from concept through delivery – will allow your company to move faster, achieve greater flexibility, and exploit new market opportunities.
Research indicates that digitalization helps small to midsize manufacturers gain a competitive edge by
- enabling greater collaboration both internally and externally
- increasing productivity in product design and development
- improving the ability to respond more quickly to changing market demands
Most importantly, it gives you a chance to get ahead – and keeps you from getting left behind.
Accelerate your digital transformation with the right technology
Take the first steps towards digital transformation with next-generation tools for SMBs
Cloud Computing / Software as-a-Service (SaaS)
Quickly share data across design resources and with suppliers and customers, without being weighed down by hardware or IT support intensive platforms.
How Solid Edge enables Digital Transformation
Solid Edge brings digital transformation to small and medium businesses by providing access to the latest next-generation tools in a flexible, affordable way. Take a test drive and see for yourself.
From the beginning, we knew generative design would save us weight and give a unique look to the part and separate itself from parts that we’ve made in the past.
Craig Hall, Owner and Designer, Hall Designs
Are you driving disruption or is disruption driving you?
How are digital trends like generative design, additive manufacturing, and reverse engineering changing the way engineers develop and manufacture products? Learn how to make these opportunities work for you to solve real-world problems today, accelerate your product design and create innovations in your market.
Digital Transformation: Opportunities for Small & Midsize Manufacturers
Learn how technology adds value to each of the stages of product development – through concept, design, manufacturing, production and end of life. How does the virtual representation of the product — or digital twin — improve outcomes at each stage? And what resources can companies take advantage of to help them in their transformation journey?
Digital Transformation in Product Design & Development
While digital transformation is touted as the new trend for product development and manufacturing organizations, small and medium firms can sometimes feel left behind. How can smaller companies reap the benefits of digital transformation, without exposing themselves to too much risk? How do you know if your efforts are ahead of the curve, or lagging?