Insights from Product Data Boost Competitiveness
New report from NI shows need for better data strategies
“Companies face a dual challenge of increased product complexity and shrinking time to market, causing a shift in the way products are developed. They recognize that the status quo will not work anymore,” says
While many of the engineering vice presidents and heads of R&D recognize the value of data in their product development, over half cited cost as the inhibiting factor preventing the transformation of their production models. The research also pointed to test being an underutilized resource with
Additional findings include:
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52% of companies with an integrated company-wide product data strategy experienced faster time-to-market in the last 12 months, compared to33% of companies without this advantage -
55% of product innovators say that integrating test data into the product development process will be a key priority over the next 12 months -
40% identify integrating test data into the product development process among the initiatives that could bring the most value to their business
The survey was conducted among senior product innovators in 10 industries including semiconductor, transportation, consumer electronics, and aerospace and defense. It was produced by FT Longitude, the specialist research and content marketing division of the
The full report can be found here: insights.ni.com/designed-to-perform
About NI
At NI, we bring together the people, ideas, and technology so forward thinkers and creative problem solvers can take on humanity's biggest challenges. From data and automation to research and validation, we provide the tailored, software-connected systems engineers and enterprises need to Engineer Ambitiously™ every day.
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Source: NI