The explosion of complexity in the electronics industry makes it more difficult to collaborate across and throughout the supply chain as adoption cycles get shorter and innovation gets faster. More technologically advanced products require more components and more coordination to develop.
Legacy development consists of silos and manual processes whereas digitization breaks down the silos and integrates teams across the product lifecycle. But, to develop a digitalization strategy to manage the capacity problems that come with complex products, organizations must have a foundational framework. We review three required business imperatives to make complexity a competitive advantage in this short video.
Build a successful digitization strategy with three requirements
As shown in the video, leveraging complexity as a competitive advantage revolves around three business imperatives:
- Comprehensive, robust digital twin: Adopting integrated model-based systems engineering using single-source data that continuously update models using closed-loop feedback.
- Personalized adaptable/modern approach: Transforming at a pace that enables them to realize ROI and adapt to customer needs.
- Flexible open ecosystem: Leaning on an increasingly broad network of suppliers and partners and requires interoperability for successful adoption.
Without meeting these three requirements, electronics manufacturers will find it challenging to develop a strategy to manage the increasing complexity of products. Learn more about building a digitalization strategy for better collaboration in the Removing Barriers to Electronics Innovation webinar.