Computer-aided and “model-driven” product development practices have steadily evolved since the 1960s. Companies use software to create digitalized 2D/3D geometry and assess that geometry using physics-based performance calculations. The industry has rapidly progressed from tools built for and used exclusively on the engineer’s desktop in discrete domains, to more enterprise oriented and internet-enabled solutions.
The fundamental business premise and goal for implementing model-based technologies and processes is that they will enable on-going product and manufacturing innovation to create competitive advantage, minimize total lifecycle costs, and drive top line revenue growth. While there has been considerable business success within selected industry segments and application domains, the complexity of products and systems is increasing exponentially due to more software and electronics content. There is now an imperative to engage and collaborate across diverse engineering domains to develop better “systems-oriented” solutions and conduct a much greater amount of “virtual” experimentation early in the product development process to gain insights into key product attributes and performance parameters.
This topic will be covered in more detail at CIMdata’s PLM Market & Industry Forum which will take place in Ann Arbor, Michigan, USA on March 30; Stuttgart, Germany on April 6, Bangalore, India on April 10; Beijing, China on April 14; and Tokyo, Japan on April 19.
Read in full at http://www.cimdata.com/en/resources/cimdata-blog/item/7687-digitalization-model-based-x-plm-and-the-digital-thread-where-do-we-go-from-here
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