In almost every industry, sustainability has become a defining challenge. Automotive, MedTech and aerospace companies face pressure to cut emissions, reduce waste, and use resources more responsibly.
In almost every industry, sustainability has become a defining challenge. Automotive, MedTech and aerospace companies face pressure to cut emissions, reduce waste, and use resources more responsibly.
AI is a manufacturing revolution waiting to happen. McKinsey estimated that it could add $13 trillion to the global economy and increase global GDP by 16%. In manufacturing alone, the potential is worth up to $2.1 trillion through greater automation in factories. Yet for all the promise, adoption is still limited. Gartner reports that fewer than 10% of companies have generative AI running in production. The challenge is that most manufacturers face a tangled web of systems, data silos and compliance pressures that make implementing AI at scale difficult.
Manufacturers today face constant pressure to deliver products customers want, at the quality they expect, at the speed the market demands. Achieving this requires coordination that stretches across every department in the business. At the same time, new technology is reshaping every industry, forcing leaders to rethink how they operate and how to change for the future.
Agile development is the leading software creation methodology. It can boost efficiency, speed and creativity. It’s no surprise that in a 2021 McKinsey survey, companies that implemented agile development effectively reported an average 30% gain in efficiency.
PLM helps manufacturers manage product data, streamline collaboration and accelerate development. However, without strong adoption across your organisation, PLM cannot deliver its full value. Companies must do everything possible to ensure their teams fully adopt and use their PLM systems.
Windchill, the industry-leading PLM software from PTC, allows the medical device industry to enhance digital transformation initiatives. Let’s find out more.
For companies and manufacturers that need to design, source, produce and distribute products around the world, having single source to manage all the data and processes is essential. Having a PLM system is the way to achieve this; PLM has become important as the single source of truth for managing all aspects of the product from initial development right through to product retirement. But, just implementing PLM is not in itself a business benefit.
So, what are the advantages of having a PLM system? Find out below the 7 key PLM business benefits that you should know about.
It’s no secret that the medical device industry is a heavily regulated one. The devices produced have to be efficient, accurate and kept up to date. Ensuring a high standard throughout the whole process will successfully help save lives.
With the ability to scale up and down as needed and a faster time to value, it’s no wonder organisations are increasingly moving their PLM to the cloud.
By 2020, experts believe the number of Internet-connected devices in use worldwide will reach 20.8 billion. In 2016 alone, it is predicted that 5.5 million ‘things’ will join the Internet of Things (IoT) revolution every single day.