Digital transformation isn’t just an industry buzzword—small and medium businesses 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.
What is Digital Transformation? Learn More »
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?
Read the IDC study:
Digital Transformation in Product Design and Development: The Opportunity for SMB Manufacturers
This IDC InfoBrief examines the current and future investment plans of small and medium businesses (SMBs) so that firms can see where an adjustment in their investment plans for product design and development might be appropriate.
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.
What technologies can you leverage?
How can small and medium businesses take the first steps towards digital transformation?
Cloud Computing/Software as-a-Service (SaaS)
Quickly share your data across design resources and with suppliers and customers, without being weighed down by hardware or IT support intensive platforms.
See how Solid Edge enables Digital Transformation
Solid Edge brings Digital Transformation to small and medium businesses by giving you access to the latest next generation tools in a flexible, affordable way. Take a test drive and see for yourself.
Improve Collaboration: Free Cloud-Based Portal
Get free online CAD management, viewing, and collaboration, including browser-based access for viewing and markup and secure, controlled sharing. Share almost any file type with your shop floor, customers or partners.
From the beginning, we knew generative would save us weight and give a unique look to the part and separate itself from parts we’ve made in the past.
Craig Hall, Owner and Designer, Hall Designs