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IoT, Analytics, and the Journey of Digitalization
July 9, 2020 @ 2:00 pm - 2:30 pm
What are industries and companies doing to transform a traditional value chain into an integrated product and production lifecycle? Only a fully digitalized business model with a consistent digital thread has the power and flexibility to speed up processes and optimize production operations.
Global competition is making companies invest in digitalization to meet business and customer demands.
- Product complexity is growing
- Software within products is increasing
- Smart “intelligent” products are becoming the norm
- Faster consumption of technologies into business operations
- Self-Service via “citizen” IT, developer, data scientist,… driving superior user experiences
Companies are exploring how to leverage existing product models, such as CAD, CAE, simulation, and others, to build virtual models of their products that are representable in cloud-based IIoT environments