How a Cloud-Based Data Platform Drives Digital Transformation in Engineering
Digital transformation (DX) has reached every industry, with 89% of business leaders proclaiming DX as a strategic priority, according to IDC research. It is now moving into the next phase, where return on investment on digital transformation initiatives needs to be proven.
To demonstrate return on investment on digital transformation initiatives, enterprises need to transform the way they develop products and services to realize speed-to-market goals, compete globally in existing and new markets, and meet customer expectations for varied, customized experiences. Platform-based systems and software tools, powered by cloud and artificial intelligence technology, are enabling enterprises of all sizes across industry to achieve these goals. Engineering organizations are taking key steps to digitally transform innovation by:
Opening, extending, and accelerating their engineering and R&D processes and approach, leveraging digital technologies like cloud, collaboration, and artificial intelligence
Moving to a rapid, agile, and digital approach to produce highly complex products and services through flexible, rapid processes, supply chains, and services
Enabling technical, business, supply chain, manufacturing, and services to work in a unified platform environment to ensure quality products and processes and meet dynamic customer needs consistently
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