Cimdata Logo

Industry Summary Articles

Friday, September 24, 2021

iBASEt Completes Manufacturing Think Tank Series

iBASEt, the company that simplifies how complex products are built and maintained, announced the completion of a think tank series with Frost & Sullivan. The discussion brought together industry experts to gain insights on successfully achieving a digital transformation across manufacturing operations.

The findings from the think tank discussion were the basis for three published reports: 

  • Digital Persistence: The Path to Digital MRO” 
  • Achieving the Promise of an MES” 
  • Becoming a Digital Enterprise Starts with a Digital Thread”

Digital Persistence: The Path to Digital MRO,” brought together representatives from Lockheed Martin, FRC East, and Magellan Aerospace. The research identified that while digital adoption has been slow in the Maintenance, Repair, and Overhaul industry, enterprises now recognize the value of new digital tools and processes. The limits of paper-based operations became acutely understood during the pandemic, which placed big pressure to utilize remote working. 

Achieving the Promise of an MES” was based on a discussion with experts from Pratt & Whitney and Northrop Grumman. The report validated the business value of implementing an MES while pointing to what can be done to overcome the typical challenges with such a project. 

Becoming a Digital Enterprise Starts with a Digital Thread” combined executives from Lockheed Martin, Northrop Grumman, and Raytheon Technologies to explain their vision of becoming a model-based enterprise, which starts with a digital thread. A maturity curve became apparent reflecting each organization’s progress on digitalizing their operations and the value of connecting and sharing data as part of an Industry 4.0 strategy.

“We’re delighted to have teamed up with Frost & Sullivan to share our vision for the future of manufacturing,” said Tom Hennessey, CMO, iBASEt. “The findings published in these reports should help both large enterprise and midsized manufacturers who build complex, highly engineered products in addressing the challenges of how to migrate over to completely digital operations. These challenges are increasingly becoming more manageable, and can be accomplished today with fewer resources and budget.”

iBASEt is committed to helping shape the future of the digital, model-based enterprise. This research project is one of several future forums and reports that will be shared – coupled with the company’s model-based practice, to help mid-sized and large enterprise manufacturers further advance their digital journeys.

“MES is the layer that ultimately all of these IoT devices are going to be mostly interacting with,” suggested Erwin Balmater, Solution Architect at Northrop Grumman, as shared in the research report, Achieving the Promise of a Manufacturing Execution System.

To view the original press release, please click here.

Search for iBASEt on CIMdata.com

r
ipad background image

Featured Cimdata Reports

ipadcontent
PLM-Enabled Digital Transformation Benefits Appraisal Guide

The Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

ipadcontent
Aerospace & Defense PLM Action Group

A CIMdata administered PLM advocacy group for the A&D industry

ipadcontent
PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

ipadcontent
PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

ipadcontent
Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

ipadcontent
CAM Market Analysis Report

CIMdata's definitive guide to the worldwide CAM software and services market. This comprehensive report provides critical intelligence on market size, user expenditures, trends, and segmentation, alongside authoritative rankings of the top CAM solution providers and reseller revenues.