This technical information has been contributed byBOSTON, Mass.—Information technology is driving a renaissance in manufacturing, employing tools such as Big Data, advanced analytics, and augmented reality to help companies reach markets faster and cut costs, according to Lux Research.
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IT and Manufacturing Innovation Converge in $35 Billion PLM Market
Project lifecycle management (PLM) software and other IT tools are driving the manufacturing renaissance, analysts say
The renewed push to manufacturing is led by initiatives such as Germany’s Industrie 4.0, GE’s Predix platform, and improved product lifecycle management (PLM) software—itself a $35 billion market—besides broader technologies, such as 3D printing and factory robotics.
“While these new technologies are clearly making CAD (computer-aided design) and PLM better for manufacturing, they still need a strong business case, given the cost to purchase and implement such far-reaching new systems,” said Lux Research Vice President of Research Mark Bünger, lead author of the report titled, “Information Meets Manufacturing: Fast-tracking Prototype to Production,” in a release from Lux.
“The business case boils down to incremental improvements that can reduce mistakes and speed time to market, and major changes to the design and ideation process itself, which can drive more innovative products and processes,” he added.
Lux Research analysts studied the impact of emerging IT on manufacturing. Among their findings: Autodesk, Siemens, and Dassault face new rivals. Engineering systems were once standalone products, but they are increasingly part of a larger PLM suite. Today, at least 200 companies make PLM components like CAD software. Incumbents Autodesk, Siemens, and Dassault still dominate, but open-source competitors like Google, Thingiverse, and GitHub are rapidly improving.
The analysts also found that open source software creates strategic opportunities. Libraries of design objects are excellent resources and potential disruptors, and, in the future, libraries have the potential to beat application features in the battle for users, they reported.
Another key finding is that innovations pose challenges. Product lifecycle management is adding collaborative tools like Dassault’s 3DSWYM, Aras’ product roadmap crowdsourcing, and Autodesk’s embedded social media apps. But such open collaboration poses challenges to intellectual property and network security, the analysts reported.
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