At Configit, we believe being able to quickly try things out, iteratively collaborate, analyze ‘what if’ scenarios, are keys to having a strong culture of innovation. With an outside-in perspective that is more top down from sales, rather than bottom up from engineering, can accelerate product ... Read more
Most organizations utilize a product configurator solution at various levels of maturity to manage configuration of products and/or services. Configit, a leading enterprise configurator platform provider, states that their customers are able to reduce the overall time of the product lifecycle b ... Read more
Every business needs to keep growing by innovating or risk seeing their core markets shrink by 60% or more in three years due to rapid advances in digitization according to IDC. Digital technologies are enabling entirely new ways of optimizing existing business strategies & models and grow ... Read more
Looking for new ways to grow revenue and escape commodity-like price wars, manufacturers are aggressively pursuing new business strategies. To keep growing in 2019 and beyond, every manufacturer needs to transition away from being 100% dependent on transaction revenue and start growing new busi ... Read more
Manufacturers growing the fastest today approach digital transformation entirely differently than their slower-growing peers. A recent survey of 250 North American manufacturers by Configit found the following:
Manufacturers growing 10% a year or more excel at orchestrating PLM, CAD, ERP, and ... Read more
Recognizing that customers are co-creators in the creation of new products and want the freedom to define custom configurations at a competitive price, manufacturers are quickly adopting digital transformation. Defining and excelling at a digital transformation strategy needs to start with the ... Read more
Manufacturers are predicted to rapidly increase spending on digital transformation of their operations from $152B in 2017 to $479B in 2023, attaining a 21% Compound Annual Growth Rate (CAGR) according to Statista.
Digitally transforming factories are revolutionizing manufacturing by enabling a ... Read more
Closing the gaps that exist between customers’ changing needs for configure-to-order products and manufacturers’ ability to deliver them is where the Industrial Internet of Things’ (IIoT) greatest opportunities for growth are today. Manufacturers are transitioning from product-driven revenue to ... Read more
This week’s news that Tesla is reducing exterior color options to speed up production is unfortunate for those waiting on their car, but it’s not shocking.
Elon Musk has often been compared to Henry Ford, and it seems he’s taking Ford’s most famous quote to heart: “Any customer can have a car p ... Read more
Bottom Line: IoT lessons learned on the shop floor transfer to new product development and are fueling the next generation of smart, connected products. Capgemini predicts by 2020 47% of all products will be IoT-enabled, capable of supporting new product-as-a-service business models.
Accordin ... Read more