1) 86% of new product ideas never make it to market
2) 50-70% of new product introductions fail
3) Almost half of development projects fail to meet objectives
4) Top 25% of companies achieve 2.5 times the performance of the bottom 25%
Challenges Manufacturers are facing:
Warranty and Reliability
Safety and Security
Accurate and fast bids
Enables customers to:
Reduce time to market
Optimize material costs and design features
Increase product quality and reduce defects
Reduce costly physical prototype testing
Provide collaboration amongst design, engineering and manufacturing
Increase product innovation
Provide a “virtual performance” product preview
Digital Prototyping gives conceptual design, engineering, and manufacturing departments the ability to virtually explore a complete product or factory model before it becomes real. With Digital Prototyping manufacturers can create, validate, optimize, and manage designs from the conceptual design phase through the manufacturing process.
Using a digital model throughout the design process helps manufacturing teams boost the level of communication with different stakeholders enabling them to more quickly adapt to changing business requirements.
For further information on our Digital Prototyping solutions the please contact us.