With AWS, CPG companies can leverage the largest global infrastructure footprint with unmatched compute capabilities and secure storage to support formulation, package design, virtual testing, process development, and production ramp-up for launch.
Shorten the time to develop new products by 23% and reduce product development cycles from 15 to 11 months. Companies can save up to 31% on infrastructure costs and manage their IT infrastructure up to 62% more efficiently by migrating from on-premises to AWS. AWS provides the most elastic and scalable cloud infrastructure to run your HPC applications, eliminating the typical lag times and long job queues associated with virtual testing or rendering.
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Digitization often refers to the use of new technological tools to help optimize product development. Think innovations like automation, machine learning, AI, smart and connected devices, IoT, digital platforms, cloud, and more. For instance, tools like CAD (Computer Automated Design) and 3D printing for rapid prototyping have drastically sped up the lifecycle of product development from concept to manufacturing. Leveraging automation and AI, by using virtual (digital) twins for example, can also help with carrying out tests at scale. Finally, all the data gathered by various platforms helps create new and improved products as well down the line.
Second, digitization can also allude to new ways of working which provide support for the innovative uses of technology and tools. Many companies are looking to Agile ways of working or hybrid models to help them scale productivity and quality. Meanwhile, the increasing use of digital platforms for product development like ALM software, enable businesses to unify their information, tasks, processes, and documentation in one source of truth, which helps cross-functional teams be as productive and efficient as possible.
Thirdly, digitization also contributes to reshaping our relationship with customers throughout the product development process. In industrial age businesses, customer requirements were typically gathered by focus groups, i.e. demographically diverse groups of people assembled to evaluate and give feedback on a product before it is launched. Then they created the product and tested it to make sure it was working as expected, and when they felt it was ready, sent it off for production and launched it on the market.
One of the biggest motivators for companies to embark on a digital transformation journey is to increase their speed to market, as this helps them stay relevant and a step ahead of the competition. By putting the tools, processes, and the right talent in place in their organizations, businesses can drastically accelerate how fast they bring new products to market. Other benefits like the ability to create rapid prototypes, test products before they have even been created, and incorporate customer feedback early on to adjust along the way also makes it easier to get products ready for the market. Finally, using digital platforms which collect data also contributes to go-to-market efforts as product development teams can leverage insights from previous prototypes and iterations to make smart decisions, fast.
Companies of different sizes and spanning the full spectrum of industries are embarking on digital transformation journeys of their own in order to meet ever-shifting customer needs and market demands. Digital product development, in particular, really zooms in on customer obsession and harnessing the kind of business agility you need to stay a step ahead of the competition. For more information on digital transformation in product engineering, check out our eBook on the topic here:
Consumer product manufacturers face perhaps some of the tightest time-to-market cycles and cost constraints of any sector. The most successful companies have implemented next-generation product development technology that allows them to tightly control the whole design to manufacturing process.
Significant improvements can be achieved by integrating electronic and electrical engineering into an interdisciplinary electro-mechanical product development process. This can be achieved through the adoption of Zuken's object-oriented engineering data management solutions that integrate seamlessly into existing PDM/PLM and ERP environments. 2ff7e9595c
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